Just in:  

You are here: Home»Markets»Energy»Europe



Premier Oil says plans further capex cuts in coming years LONDON: Oil producer Premier Oil plans to allocate around $400 million a year in 2017 and 2018 to capital expenditure (capex), it said in a presentation on Monday, as it trims investments to the minimum of projects on its radar.The company said earlier this month next year's capex budget would fall to $650 million, 38 percent lower than this year, as projects such as its North Sea Solan oil field reach completion and exploration spending is kept to a minimum. Oil companies globally are grappling with persistently weak oil prices, as global benchmark Brent crude prices remain below $50 a barrel due to a worldwide supply glut.In 2014, Premier Oil's capex was still at $1.2 billion, when it had funds to spend on key projects in the North Sea. Capex will fall to around $400 million a year in 2017 and 2018, the group said in an investor presentation posted ...

Med Crude: Urals surges in Surgut tender, provisional plan for Novo out MOSCOW: Urals crude price differentials in the Baltic surged in a spot tender on Monday, while the Novorossiisk provisional loading plan for December showed the port may cut exports compared to the current month. Urals crude exports and transit via the Black Sea port of Novorossiisk were set at 1.7 million tonnes in December. That was down from 1.85 million tonnes set for exports in the final loading plan for November. According to the plan, ...
Ukraine gas stocks down 3pc since start of heating season KIEV: Ukraine's gas reserves have fallen by around 3 percent to 16.6 billion cubic metres (bcm) since the beginning of the heating season in mid-October, data from state gas transport monopoly Ukrtransgas showed on Monday.Ukraine had accumulated about 17 bcm of gas in underground storage as of the end of October, around 1.0 bcm more than a year earlier.Ukraine has said it has enough gas to safeguard supply in winter and ensure stable transit of ...
Statoil says to present two field development plans in 2016 OSLO: Oil major Statoil will present development plans for its Trestakk and Alfa Central fields next year, the company's field development chief for Norway said on Monday."We'll have two development plans next year," Ivar Aasheim told Reuters on the sidelines of a conference.Trestakk will be submitted for approval by Norwegian authorities in the spring of 2016 while Alfa will come sometime during the year, he said.Statoil plans to select concepts for its Arctic Castberg discovery ...
Norway's Statoil sees unchanged foreign development and production activity in 2016 OSLO: Oil major Statoil's activity level outside its Norwegian home base will be largely unchanged in 2016 compared to 2015, the company said on Monday."For us, it will be more or less flat," Lars Christian Bacher, head of international development and production for Statoil told Reuters, when asked what the activity level will be next year compared to this year.Copyright Reuters, 2015 ...
Norway PM says oil price too low to trigger enough investments OSLO: Oil prices are currently too low to spur investments sufficient to meet future energy demands, Norwegian Prime Minister Erna Solberg said on Monday."It is difficult to predict future developments in the oil market, but it is evident that the current price level is too low to generate the investments needed," Solberg told a conference hosted by Norwegian oil major Statoil. Companies must continue to bring down the industry's cost level, she added. Norway generates ...
Oil tumbles as strong dollar, oversupply weigh on investors LONDON: Oil prices fell on Monday, dented by the rise in the US dollar to seven-month highs, and analysts see more losses triggered by the mismatch between global supply and demand.The fall was part of a wider decline in commodities that has also been stoked by worries over faltering demand from China, with prices for base metals such as copper and nickel tumbling. However, speculators have turned increasingly negative on crude.US West Texas Intermediate (WTI) ...


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln