MARKET WATCH: NYMEX oil prices climb after US targets Syria

Light, sweet crude oil for May delivery on the New York market rose 55¢ to settle at $51.70/bbl on Apr. 6. Oil prices traded sharply higher in New York and London overnight after reports the US launched a missile attack on Syria. Source: News


World Energy Council report identifies 2017’s global issues trends

Commodity prices will remain the single biggest global issue as demand peaks approach and multinational oil companies begin to consider directing their capital elsewhere, the World Energy Council said in its 2017 Energy Issues Monitor. Source: News


Ineos to buy BP’s Forties pipeline, Kinneil terminal for $250 million

Ineos has agreed to acquire the 575,000-b/d Forties pipeline system (FPS) and associated pipelines and facilities from BP PLC for as much as $250 million. The purchase price includes a cash payment of $125 million on completion and an earn-out arrangement over 7 years that could total $125 million. Source: News