Energy Oil prices drop despite production problems LONDON: World oil prices dropped on Monday as eurozone debt concerns offset production stoppages in the Gulf of Mexico a Published 25 Jun, 2012 12:05pm
Energy Oil falls as investors unconvinced on EU growth talk LONDON: crude slipped further and US crude turned negative as trade moved to European trading hours on Monday with conce Published 25 Jun, 2012 09:06am
Energy Statoil extends Ocean Vanguard rig contract OSLO: Norwegian oil firm Statoil has exercised an option to extend a contract for drilling rig Ocean Vanguard, a Statoil Published 22 Jun, 2012 01:24pm
Energy Russia's Transneft Q1 net income down 31pc y/y MOSCOW: Russia's state-owned oil pipeline monopoly Transneft said on Thursday its first-quarter net profit fell 31 perce Published 21 Jun, 2012 11:49am
Energy Oil at 18-month low on China date, US stocks LONDON: Brent crude oil hit an 18-month low of $91 per barrel on Thursday as the outlook for economic growth darkened, p Published 21 Jun, 2012 11:36am
Energy Taiwan's CPC buys Angolan and Azeri crude for Aug LONDON: Taiwan's CPC Corp has bought Angolan and Azeri crude via a tender to buy August loading light crude, traders sai Published 21 Jun, 2012 10:48am
Energy Oil falls to 18-month low on global growth worries LONDON: Brent crude oil hit an 18-month low of $91 per barrel on Thursday as the outlook for economic growth darkened, p Published 21 Jun, 2012 09:22am
Europe Energy Brent oil slips, Europe worries weigh LONDON: Brent crude oil fell on Wednesday, pinned near 17-month lows, hit by worries over Spain's high borrowing costs a Published 20 Jun, 2012 11:10am
Energy Brent oil slips, Europe worries weigh LONDON: Brent crude oil fell on Wednesday, pinned near 17-month lows, hit by worries over Spain's high borrowing costs a Published 20 Jun, 2012 09:59am
Energy UK prompt gas prices rise on drop in Norway flows LONDON: British prompt gas prices rose slightly on Wednesday morning as a drop in Norwegian supplies left the system und Published 20 Jun, 2012 09:24am
Energy Oil prices fall on Spain debt concerns LONDON: World oil prices dropped on Tuesday, with Brent crude briefly hitting a 17-month low point on Spanish debt conce Published 19 Jun, 2012 12:02pm
Energy Brent off 17 month low, euro concerns linger LONDON: Brent crude fell to a near 17 month low below $95 a barrel on Tuesday, hit by the latest twist in the euro zone Published 19 Jun, 2012 10:31am
Energy UK winter gas hits 14-month low as oil slumps LONDON: British gas for delivery this winter hit a 14-month low on Tuesday as euro zone debt fears dragged crude oil pri Published 19 Jun, 2012 10:00am
Energy Oil prices slide after Greek election result LONDON: Oil prices slid on Monday as an initial rally following Greece's election result evaporated with traders' attent Published 18 Jun, 2012 03:03pm
Europe Energy UK prompt gas rises on Norway import dip LONDON: British prompt gas prices rose on Monday following a drop in imports from Norway, but demand remained well below Published 18 Jun, 2012 10:06am
Energy Russia Baltic Urals exports seen up in early July MOSCOW: Russia is expected to increase Urals crude exports from its Baltic ports in the first four days of July, traders Published 16 Jun, 2012 10:16am
Energy CNPC interested in Norway's oil sector OSLO: Top Chinese oil and gas producer China National Petroleum Corp is interested in investing in Norway's oil sector, Published 15 Jun, 2012 01:15pm
Energy Rosneft plans tight oil push in Siberia MOSCOW: Russian state oil company Rosneft said it had potential to produce 300,000 barrels of oil per day from its tight Published 15 Jun, 2012 12:37pm
Energy Oil dips ahead of OPEC meeting, Greek polls LONDON: Oil prices slipped under $97 on Thursday with investors and traders reluctant to add to positions ahead of a mee Published 14 Jun, 2012 01:13pm
Energy Shell puts in more time on Cove Energy offer LONDON: Royal Dutch Shell has given itself more time to decide the next move in its battle to buy Cove Energy, extending Published 14 Jun, 2012 12:57pm
Energy OPEC readies no change on oil limits VIENNA: OPEC prepared to keep oil output limits on hold on Thursday, leaving swing producer Saudi Arabia to unilaterally Published 14 Jun, 2012 12:03pm
Energy OPEC ministers see likely status quo on oil output VIENNA: OPEC ministers said they would probably reach an agreement to keep their countries' oil output at current levels Published 14 Jun, 2012 08:58am
Europe Energy Shell extends Cove offer deadline LONDON: Oil major Royal Dutch Shell extended the deadline on Thursday for shareholder acceptances for its $1.8 billion o Published 14 Jun, 2012 06:35am
Energy Oil above $97 ahead of OPEC meet, Greek polls LONDON: Brent crude oil gained on Wednesday, with investors awaiting the outcome of the meeting this week of the produce Published 13 Jun, 2012 11:34am
Energy Oil steady above $97 ahead of OPEC meet, Greek polls LONDON: Brent crude oil held firm on Wednesday, with investors awaiting the outcome of the meeting this week of the prod Published 13 Jun, 2012 10:04am
Energy German utilities want 15bn euros for nuclear exit: report FRANKFURT: German power suppliers are suing the government for 15 billion euros ($19 billion) in damages over the decisi Published 13 Jun, 2012 09:26am
Energy OECD chief economist urges no panic over Italy MILAN: Panic over Italy following Spain's bailout is unjustified because Rome's fundamentals have not changed, the chief Published 13 Jun, 2012 07:52am
Energy OPEC basket price fell to $94.99 on Tuesday LONDON: OPEC's reference crude oil basket price fell to $94.99 a barrel on Tuesday from $97.34 the previous day, OPEC sa Published 13 Jun, 2012 07:49am
Energy Oil price hits eight-month low as eurozone optimism fades LONDON: Oil prices diverged on Tuesday after New York crude struck an eight-month low with euphoria fading over a bailou Published 12 Jun, 2012 07:18pm
Europe Energy OPEC should leave output ceiling unchanged VIENNA: OPEC should leave its 30 million barrels per day output ceiling unchanged when it meets on Thursday, Angolan Oil Published 12 Jun, 2012 06:34pm