Tag Archive

ENERGY HIGHLIGHTS W/E 20/07/18

ENERGY HIGHLIGHTS W/E 20/07/18

July 19, 2018 No Comments

The price of OPEC basket of fifteen crudes stood at $69.98 a barrel on Wednesday, 18 July 2018, compared with $70.38 the previous day, according to OPEC Secretariat calculations. ———————————————————————————————————– The Joint Ministerial Monitoring Committee (JMMC) held its 1st Teleconference Meeting, where it reviewed recent market developments, and considered the report provided by the Joint […]

Noble Announce Gas Sales Agreements for Export of Gas to Egypt

Noble Announce Gas Sales Agreements for Export of Gas to Egypt

February 19, 2018 No Comments

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) announced that it has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. These agreements, one for natural gas from Leviathan and one for Tamar, each provide for total contract […]

Top Oil News Brief/Roundup As Reported to 21st November 2016…..

Top Oil News Brief/Roundup As Reported to 21st November 2016…..

November 22, 2016 No Comments

The price of OPEC basket of fourteen crudes stood at $44.34 a barrel on Monday, compared with $42.33 the previous Friday, according to OPEC Secretariat calculations. —————————————— FTSE 100 index was up 27.0 points, or 0.4 per cent at 6,802.8, below the day’s peak of 6,820.90, having recovered from a low of 6,754.16. European markets […]

Can Oil Markets Survive An OPEC Implosion?

Can Oil Markets Survive An OPEC Implosion?

November 2, 2016 No Comments

A technical meeting that was supposed to iron out some wrinkles for a deal to cut oil production ended in acrimony over the weekend, and OPEC’s effort at coordination could be at yet another impasse. Following the Algiers agreement at the end of September, a tentative deal that called for a collective reduction in oil […]

Petrobras Divestment Plan Review

March 3, 2015 No Comments

Petrobras announces that its Executive Board, convened on February 26, 2015, has approved the company’s two-year (2015/2016) divestment plan. Divestitures total US$ 13.7 billion, and include Exploration & Production assets in Brazil and abroad (30%), as well as assets in the Downstream (30%) and Gas & Energy (40%) segments. The approved divestment amounts represent a […]

Tags: , , , Renewables

CME Group Expands International Leadership

September 30, 2014 No Comments

CME Group, the world’s leading and most diverse derivatives marketplace, today announced the expansion of several leadership positions in its international business: • William Knottenbelt has been appointed Senior Managing Director, International. He will oversee the company’s core business growth, customer relationships and new business opportunities throughout Europe, the Middle East and Africa (EMEA), Asia […]

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Brent crude drops below $97

September 25, 2014 No Comments

The price of Brent crude declined below $97 a barrel today due to excess supply and a strong US dollar, which outweighed concerns over growing political tensions in the Middle East. Weak demand, plentiful supply drive recent decline in oil prices reports the EIA. North Sea Brent crude oil prices have remained under the symbolic […]

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Eni announce 2014 – 2017 Strategic Plan

February 13, 2014 No Comments

Paolo Scaroni, Eni CEO, today presented the company’s 2014-2017 Strategic Plan to the financial community. In what is expected to remain a very difficult market context, Eni’s strategy is based on selective E&P growth, an accelerated restructuring of the mid-downstream businesses, value-creation from disposals and investment discipline. All these actions will result in growing operating […]

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EIA Expects Brent Prices to Decline through End of 2013 Despite Current Supply Disruptions

August 22, 2013 No Comments

Disruptions to global crude oil and liquid fuels production reached nearly 2.7 million barrels per day (bbl/d) in July 2013 (Figure 1), the highest level since at least January 2009. During this same period, global refinery crude oil runs reached their expected 2013 peak. Combined, these developments helped push Brent spot prices to an average […]

Tags: , , , , , , , , News analysis, Renewables

CME Group Announces NYMEX Brent (BZ) Trading Volume Surpasses 65,000

June 26, 2013 No Comments

CME Group, the world’s leading and most diverse derivatives marketplace, today announced it reached a trading volume record for its NYMEX Brent (BZ) crude oil futures contract yesterday, June 24, 2013. Trading volume for NYMEX Brent reached 65,065, compared to June 19, 2013, the last record day, when volume reached 54,647 contracts. This is the […]

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