Oil prices gain on fall in U.S. crude stockpiles

Solo Oil has received confirmation from the operator Ndovu Resources Limited that the Mtwara Exploration Licence has been formally extended by the Ministry of Energy of Tanzania Solo looks forward to having ARA actively lead the

Solo Oil plc (LON:SOLO), the AIM investing company targeting attractive production and development opportunities within the European gas market, has announced the entry into a share subscription deed with Prolific Basins LLC, a U.S.-based specialist energy

Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the United States and China and tentative

Solo Oil plc (LON:SOLO), the AIM investing company targeting attractive production and development opportunities within the European gas market, announced that in light of the unprecedented practical challenges presented by COVID-19, which have constrained outsourced finance

Oil rose more than 1% on Monday on tighter supplies from major producers and as coronavirus lockdowns continued to ease, but gains were capped by worries that a worldwide rise in new infections might stall a

The oil market reacted positively to the IEA report yesterday, with Brent trading back above US$40/bbl. The agency reported that OECD inventories at the end of April stood at a little over 3.1b bbls, whilst preliminary

It’s not all hot-air balloons and funny voices. Investors are starting to get excited about Helium stocks, and for good reason. The well-known and little-produced gas is important for a variety of industries. The most commonly

Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. Brent crude futures rose 0.91%,

Oil rallied as investors looked past an increase in U.S. crude stockpiles to focus on tentative signs of a recovery in fuel demand as well as output cuts. Futures in New York rose 2.7% Thursday. While

Oil prices have increased amid signs of improvement in fuel demand and a fall in the US crude stocks. But lingering concerns over the economic disruption from the Covid-19 outbreak, especially in the US, capped gains.

Oil futures finished higher Tuesday, with U.S. prices at a five-week high on expectations that falling production levels and a gradual revival in demand from a COVID-19 pandemic-related drop, will ease a global glut of crude

Aminex has agreed to secure a loan to pay its capital gains tax in Tanzania in order to move its farm-out plans ahead. Payment of the tax bill is expected to secure approval for the deal

Oil prices jumped on Thursday, extending steep gains in the previous session on signs the U.S. crude glut is not growing as quickly as expected and that gasoline demand battered by COVID-19 restrictions is starting to

Solo Oil PLC (LON:SOLO), the AIM investing company, today provided the following update regarding its 25% non-operated interest in Ruvuma PSA Joint Venture in Tanzania.  The Company is pleased to note that it has received confirmation

Oil prices rose nearly 20 percent Wednesday, a sign of a stabilizing market after trading went into negative pricing for the first time in history at the start of the week. West Texas Intermediate settled at

Introducing Solo Oil Oil and gas Investment company Listed on the London AiM Market (SOLO) Objectives To acquire and develop a diverse global portfolio of oil & gas assets Portfolio Non-operated oil & gas assets: Major

Oil bounced back on Wednesday, with U.S. crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled

Crude futures surged on Thursday, after President Donald Trump expressed optimism that a damaging price war between Saudi Arabia and Russia can be resolved and after a report China is building its stockpiles. West Texas Intermediate