Latest news

BP discovers another giant gas field in the Caspian

BP and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start.

read more... 11/01/2019


BP approves $1.3bn expansion of Atlantis oil field in Gulf of Mexico

BP has approved the $1.3bn phase 3 development of the Atlantis oil field located in deepwater Gulf of Mexico, offshore US.

read more... 09/01/2019


Daily (08.01.2019): NBP spot plummeted by 6.5% on Monday due to an oversupplied system

Oil prices surged for the fifth consecutive day on Monday due to cuts in production by OPEC and its allies, as well as the recovery in equity markets. While Brent crude edged 0.5% higher at $57.33 a barrel, WTI crude gained 1.2% to close at $48.52 a barrel. Gains were limited by reduced crude inventories in the US.

read more... 08/01/2019


Daily (28.12.2018): NBP spot plunged by 7.8% on Thursday, due to an oversupplied system

Oil prices turned bearish again on Thursday, due to forecasts for weaker global economic growth and record production of crude, which weighed down on the market. Brent crude slumped by 4.2% to $52.16 a barrel. At the same time, the rise in U.S. stocks contributed to a 3.5% decline in WTI crude to $44.61 a barrel.

read more... 28/12/2018


Daily (26.12.2018): The German power contract plummeted by 92.6% on Monday, due to weaker demand ahead of holidays

The recent agreement between OPEC and Russia on a 1.2 million bpd production cut for 2019 could not stop the decline in crude prices on Monday, as a potential rise in U.S. interest rates and trade tensions between the world’s biggest economies weighed down on the markets. WTI crude price tumbled by 7.2% to $42.53 a barrel, while Brent oil was 6.6% down at $50.47 a barrel, or their lowest levels since August 2017.

read more... 26/12/2018