Crude Investors Flee to Safety after Brexit
Sunday, 26th June 2016
The UK’s surprising vote to for Brexit has brought a new level of uncertainty into the markets as investors started to withdraw from the international oil and gas market and the oil prices started to falter. Analysts estimated that crude oil inventories would fall by at least 1.7m barrels, so far, they fell by 0.9m barrels.
Italy to Hold Referendum on Offshore Drilling
Tuesday, 23rd February 2016
Italy has set 17th April as the date for a referendum on the duration of offshore drilling for oil and gas in Italy. The Constitutional Court gave the green light to the decision welcomed by regional councils and environmental groups.