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Russia to mull allowing China over 50 pct stake in strategic oil, gas fields MOSCOW: The Russian government is ready to consider allowing Chinese investors to take more than 50 percent stakes in strategic oil and gas fields, TASS news agency quoted Deputy Prime Minister Arkady Dvorkovich as saying on Friday.According to TASS, Dvorkovich said offshore fields would not be included.Copyright Reuters, 2015 ...
Oil market slide on oversupply woes LONDON: World oil prices fell Thursday, after solid gains the previous day, as dealers fretted again over swelling US crude inventories adding to the global supply glut.European benchmark Brent North Sea crude for April delivery dipped 63 cents to $61.00 per barrel in London late afternoon deals.New York's West Texas Intermediate (WTI) for April dived $1.72 to $49.27 a barrel.The US government's Department of Energy (DoE) said Wednesday that crude inventories rose 8.4 million barrels ...
Oil edges higher towards $62, ample supplies still weigh LONDON: Oil edged up on Thursday towards $62 a barrel as expectation of a coming recovery in global demand countered a further jump in US crude stockpiles which underlined currently ample supplies. The US government's latest supply report released on Wednesday said domestic crude inventories rose last week to 434.1 million barrels, hitting a seasonal record high for the seventh week. Brent crude rose 8 cents to $61.71 by 1446 GMT, after jumping more than ...
Norway's Statoil shuts Statfjord C platform OSLO: Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after discovering cracks in the platform, Norwegian daily Stavanger Aftenblad reported on Thursday. Statoil could not immediately comment on the report. The entire Statfjord field, including all three platforms, produced about 81,000 barrels of oil equivalents last year. The paper added that the platform will be closed for 12 days. Copyright Reuters, 2015 ...
Oil market holds steady LONDON: World oil prices steadied Thursday, following solid gains the previous day, as dealers digested a mixed US energy stockpiles report, analysts said.European benchmark Brent North Sea crude for April delivery climbed 13 cents to $61.76 a barrel in London afternoon deals.New York's West Texas Intermediate (WTI) for April dipped 59 cents to $50.40 a barrel.Crude futures had rebounded sharply Wednesday as traders focused on positive news of falling gasoline and distillates stockpiles in the ...