Valeura Energy virtual AGM to be held May 13, 2021

Oil prices edged up on Wednesday after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly. Brent crude ended settling up 31 cents to $89.47 a barrel, while

Oil prices jumped on Monday on the back of supply disruption concerns linked to the rise in geopolitical tensions in the Middle East and Eastern Europe, while demand held steady as the impact of the Omicron

Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and

Weekly Economic Indicators released by the Central Bank of Sri Lanka (CBSL) for 1 – 7 January 2022 show crude oil prices taking an upward trend. “During the period under review prices increased mainly due to

This week, the American Petroleum Institute (API) estimated the inventory draw for crude oil to be 3.670 million barrels. U.S. crude inventories have shed some 65 million barrels since the beginning of the year. Analyst expectations

The current high gas price environment in Europe is likely to persist in the medium term as some of the main market drivers are set to remain key factors in the future, the head of the

The oil market continued to strengthen yesterday as concern over the demand impact from the Omicron variant starts to fade. Brent managed to rally more than 3.4%, taking it back above the US$75/bbl mark. Although, the prompt

The Canadian energy company Valeura plans to resume drilling in 2022 with a new partner in Turkey’s gas-rich Thrace Basin, according to company CEO Sean Guest. Guest told Anadolu Agency (AA) that Valeura sold its conventional

Oil prices rose towards $81 a barrel on Tuesday after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the

The Turks are preparing for the exploitation in 2024 of the gas field that was located in August 2020 in the Black Sea region, while the preliminary research they have done in both the region and

Oil prices advanced, supported by Saudi Arabia’s move to raise its crude oil price for December and the Organization of the Petroleum Exporting Countries’ decision to stick to its output plan, but the US’s plan to

Oil prices rose on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the coronavirus pandemic. Brent crude

Six years after former BP chief executive Bob Dudley said that “the industry needs to prepare for lower for longer,” a growing number of major investment banks now expect “higher for longer” oil prices.  A growing number

Valeura identified the potential for a deep tight gas play early in its entry into the Thrace Basin. Based on this thesis, the Company acquired the Banarli Exploration Licence in 2013 (adapted to two licences in

Surging demand for transport fuel against the backdrop of record high natural gas and thermal coal prices has lifted US oil to its highest level in seven years as concerns of insufficient supply grip markets. West