UK oil output under threat

2014-08-22 16:45

Britain's oil industry is facing the threat of a cascade of North Sea rig closures, unless ageing platforms can urgently source more gas.

Maersk mulls buys after dry wells

2014-08-22 12:43

After recent dry wells and a $1.7bn impairment, Maersk Oil is slowing down exploration globally and virtually ceasing it in Brazil and the US Gulf of Mexico.

Oil prices down in Asian trade

2014-08-22 07:38

Oil prices have edged lower in Asia as dealers digested downbeat Chinese manufacturing data.

Oil prices down on fading supply fears

2014-08-21 07:44

Oil prices have edged lower in Asia on fading fears that conflicts in crude producers Libya and Iraq could result in a major supply disruption.

Oil prices rally from recent losses

2014-08-20 15:07

Oil prices have rebounded from the previous day's multi-month lows, as dealers awaited the latest update on crude reserves in top consumer the United States.

Oil prices rebound from 14-month low

2014-08-19 07:21

Oil prices have rebounded in Asia on bargain-hunting after tumbling on easing concerns about conflicts in Ukraine and Iraq, analysts say.

Oil prices down in Asian trade

2014-08-18 07:57

Oil prices have eased in Asian trade, but retained support from the latest round of tensions between Ukraine and Russia.

Oil prices inch higher after slump

2014-08-15 15:56

Oil prices have increaded slightly following sharp falls the previous day, stoked by a slew of downbeat global economic data.

Russian oil giant seeks funds for pensions

2014-08-14 18:00

Russia's largest oil producer Rosneft, is seeking a $42bn loan from a fund earmarked for Russian pensions to help it weather Western sanctions.

Oil prices in fresh falls

2014-08-14 15:09

Oil prices have fallen once more following a brief pull-back the day before, as the market focused on a weak demand outlook for crude.

EU seeks to stop Islamic Syrian oil sales

2014-08-14 08:59

The European Union is looking into how it could tighten sanctions to stop Islamic State militants from selling oil from fields they have overrun in Syria.

Brent crude hits one-year low on weak demand

2014-08-13 14:15

Brent North Sea crude oil has dropped to a one-year low point as weak demand expectations help offset potential supply disruptions caused by the Ukraine crisis.

Oil prices down on ebbing supply fears

2014-08-12 07:42

Oil prices have fallen in Asia on easing concerns about supply disruptions arising out of conflicts in Ukraine and Iraq, analysts say.

Oil prices higher amid Iraq focus

2014-08-11 07:43

Oil prices have risen in Asia as dealers monitor US air strikes on extremist militants in Iraq, who are threatening the crude oil rich Kurdish region.

Iraq Kurds say oil production unaffected

2014-08-10 15:00

Oil production from Iraqi Kurdistan remains unaffected despite an incursion by Islamic State militants along the autonomous region's border.

Yemen resumes pumping oil through main pipeline

2014-08-08 16:30

Yemen has resumed pumping crude through its main export pipeline after repair works had been completed, say government and oil sources.

Brent up on US nod for Iraq air strikes

2014-08-08 10:22

Oil prices on both sides of the Atlantic have risen over $1, with Brent close to $107 a barrel after the US approved air strikes against Islamic militants in Iraq.

Oil prices up in Asian trade

2014-08-07 07:16

Oil prices have edged higher in Asia, but have remained under pressure over ebbing fears about armed conflicts around the world.

Russia, Iran set for oil-for-goods talks

2014-08-06 14:00

Russia and Iran have agreed to discuss a contract for Tehran to export 2% of its annual oil production in an apparent circumvention of sanctions.

Brent steady on geopolitical tension

2014-08-05 10:30

Brent has held steady despite ample crude supplies, having been supported by tension in the Middle East and North Africa.

Oil prices steady after heavy falls

2014-08-04 15:04

Oil prices steadied on Monday following last week's heavy losses.

Oil prices up in Asian trade

2014-08-04 07:34

Oil prices have risen in Asia, but gains were capped following weakened demand caused by refinery shutdowns and easing concerns about global armed conflicts.

Oil prices extend losses in Asian trade

2014-07-31 07:54

Oil prices have tumbled further in Asia as concerns eased that fresh Western sanctions on Russia would have an immediate impact on global oil supplies.

Tullow stays confident on oil in Africa

2014-07-30 11:36

Tullow Oil has drifted into the red after writing off more than $400m in exploration costs but the Africa-focused explorer has confidence that strategy will pay off.

Brent dips as ample supplies weigh

2014-07-29 11:03

Oil prices have slipped for a second session as ample supply offset geopolitical tensions in the Middle East, Africa and Europe.


Edinburgh, London battle over black gold

2014-08-22 15:16

North Sea oil has been at the centre of fierce debate over Scotland's future ahead of an independence vote next month.

Could shale revive China's flagging oil fields?

2014-08-22 12:00

There is no doubting the immense achievement that the Daqing oil fields represented, the first fields developed entirely with Chinese expertise.

Oil falls towards 14-month low near $101

2014-08-21 12:45

Brent crude oil has fallen towards $101 a barrel, just above a 14-month low on plentiful fuel supplies and Chinese economic data pointing to slowing demand.

Libya restarts oil exports from biggest port

2014-08-20 18:38

Libya has restarted oil exports from its biggest port for the first time since the end of a year-long blockade, a boost to the government struggling with clashes.

Oil prices mixed in Asia

2014-08-20 07:44

Oil prices have been mixed in Asia as investors await the release of US Federal minutes, while keeping an eye on the latest stockpiles data.

Oil prices slide in poor start to week

2014-08-18 14:00

World oil prices have fallen sharply, handing back pre-weekend gains on easing supply worries in both Ukraine and Iraq, dealers say.

Silver market reboots old price benchmark

2014-08-15 16:00

The silver market enters a new era after a regulatory drive for more transparency in price setting brought the 117-year-old silver 'fix' to an end.

Oil prices rebound in Asia

2014-08-15 08:45

Oil prices have rebounded in Asia on bargain-hunting following sharp falls stoked by a slew of downbeat global economic data.

Spain clears oil exploration off Canary Islands

2014-08-14 16:00

Spain's governnment has given oil group Repsol the all-clear to explore for oil and gas off the coast of the tourism-dependent Canary Islands.

Mexico's Pemex retains 83% of oil reserves

2014-08-14 11:00

Mexico's state oil company Pemex has retained rights to 83% of the country's oil reserves, as the government began implementing landmark energy reforms.

Oil prices down in Asian trade

2014-08-14 07:27

Oil prices have fallen in Asia following a surprise increase in US commercial crude-oil stockpiles and a slew of soft economic data from energy consumers.

Oil prices extend losses in Asia

2014-08-13 07:40

Oil prices have widened losses in Asia after the International Energy Agency slashed its demand outlook for 2014 and 2015.

Tycoon claims huge oil find in DR Congo

2014-08-11 19:43

A company owned by Israeli mining magnate Dan Gertler says it has discovered vast potential reserves of oil in the east of the Democratic Republic of Congo.

Chad ends Chinese permits over alleged violations

2014-08-10 18:00

Chad has decided to withdraw five exploration permits issued to Chinese oil giant CNPC and press charges over a $1.2bn fine for environmental violations.

Opec trims 2014 oil demand growth forecast

2014-08-08 17:30

The Opec oil cartel has cut its 2014 forecast for global oil demand growth after weaker-than-expected economic growth in rich countries.

Israeli billionaire strikes oil in DRC

2014-08-08 11:39

Billionaire Dan Gertler's company has discovered an amount of oil similar to the proven reserves of oil producers Britain and South Sudan in the DRC.

Oil up after Obama authorises Iraq air strikes

2014-08-08 07:33

Oil prices have risen in Asia after US President Barack Obama said he had authorised air strikes against Sunni extremist militants in key crude producer Iraq.

Oil prices rise before US data

2014-08-06 15:30

Oil prices have recovered from six-month low points on bargain-hunting as traders await the latest insight into energy demand in the United States.

Oil prices up ahead of US stocks report

2014-08-06 07:46

Oil prices have edged higher in Asia's bargain-hunting, but gains were capped by concerns about tepid demand in the United States.

Oil up on reviving Middle East supply fears

2014-08-05 07:49

Oil prices have risen on reviving fears of supply disruptions in the Middle East, according to analysts.

Belarus ready to supply oil products to Ukraine

2014-08-04 12:45

Belarus is ready to supply Ukraine with oil products, Belarussian President Alexander Lukashenko has told his Ukrainian counterpart Petro Poroshenko.

Oil prices fall further in Asia

2014-08-01 07:40

Oil prices have slipped further in Asia following a sell-off on Wall Street and concerns about unplanned refinery shutdowns in the US midwest.

Oil market mixed before raft of US data

2014-07-30 16:55

Oil prices have diverged as dealers awaited key US data, including the latest stockpiles report, for clues about demand in the world's top crude consumer.

Oil prices ease in Asian trade

2014-07-30 07:24

Oil prices have slipped in Asia as dealers stood on the sidelines awaiting the latest US stockpiles report for clues about demand in the country.

BP quarterly profit tops expectations

2014-07-29 10:32

BP has posted a better-than-expected 34% rise in quarterly profit after raising output of higher-margin products and hiking liquids and gas prices.

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