Oil and Gas Sector

10.07.2020

Brent posts marginal depreciation, bug blamed

Concerns about renewed coronavirus lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand on Thursday to keep a lid on oil prices. The market is also in a holding pattern ahead of a meeting on July 15 of the market monitoring panel of the Organization...

Concerns about renewed coronavirus lockdowns in the United States outweighed signs of a recovery in U.S. gasoline demand on Thursday to keep a lid on oil prices. The market is also in a holding pattern ahead of a meeting on July 15 of the market monitoring panel of the Organization...

10.07.2020

Norway seen pumping North Sea region’s natural gas prices down

Prompt British wholesale gas prices edged lower on Thursday morning as an uptick in imports from Norway left the market oversupplied.

The day-ahead contract was down 0.45 pence at 14.25 p/therm by 0907 GMT.

The weekend gas contract was down 0.98 p at 13.90 p/therm.

Traders said gas demand is still fundamentally weak...

Prompt British wholesale gas prices edged lower on Thursday morning as an uptick in imports from Norway left the market oversupplied.

The day-ahead contract was down 0.45 pence at 14.25 p/therm by 0907 GMT.

The weekend gas contract was down 0.98 p at 13.90 p/therm.

Traders said gas demand is still fundamentally weak...

09.07.2020

South Korean company involved in modernisation of Bukhara oil refinery in Uzbekistan

The agreement on the provision of engineering services, providing for the development of a basic project for the modernisation of the Bukhara oil refinery, was signed by Chairman of the Board of Uzbekneftegaz Mehriddin Abdullaev and President of South Korean SK Engineering & Construction Jason Ann.

The project for modernisation and...

The agreement on the provision of engineering services, providing for the development of a basic project for the modernisation of the Bukhara oil refinery, was signed by Chairman of the Board of Uzbekneftegaz Mehriddin Abdullaev and President of South Korean SK Engineering & Construction Jason Ann.

The project for modernisation and...

09.07.2020

Brent halts advance, US hamstring blamed

Oil prices were steady on Wednesday, as rising U.S. crude inventories and an increase in U.S. coronavirus infections put the brakes on a recent recovery sparked by easing lockdowns. Brent crude futures rose 9 cents to $43.17 a barrel by 1340 GMT. U.S. West Texas Intermediate (WTI) crude futures were...

Oil prices were steady on Wednesday, as rising U.S. crude inventories and an increase in U.S. coronavirus infections put the brakes on a recent recovery sparked by easing lockdowns. Brent crude futures rose 9 cents to $43.17 a barrel by 1340 GMT. U.S. West Texas Intermediate (WTI) crude futures were...

09.07.2020

North Sea region’s natural gas markets experience rare equilibrium between supply and demand

British wholesale gas prices were little changed on Wednesday morning in slow trade as wind output fell and Norwegian supply increased.

The day-ahead contract was up 0.10 pence at 15.25 pence per therm by 0840 GMT.

The within-day contract was yet to trade.

The August contract inched down by 0.08 pence to 15.35...

British wholesale gas prices were little changed on Wednesday morning in slow trade as wind output fell and Norwegian supply increased.

The day-ahead contract was up 0.10 pence at 15.25 pence per therm by 0840 GMT.

The within-day contract was yet to trade.

The August contract inched down by 0.08 pence to 15.35...


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