FSA told to clean up oil trading market

The Financial Services Authority has been told to examine its statutes to ensure it can prosecute oil trading speculators practising market abuse. The financial watchdog must also consider bringing in ...

Iran tension in the Middle East ends slump for oil

Oil prices rose for the first time in two days Friday as tensions escalated over Iran's nuclear ambitions and Federal Reserve Chairman Ben Bernanke said he continued to support a ...

The dark secrets of the trillion dollar oil trade

With a combined capacity for 313,000 tonnes of oil, the Delta Ios and the NS Burgas supertankers were launched two months ago to criss-cross the globe in search of trade. ...

Saudi’s Naimi sees no change in OPEC output

Saudi Arabian Oil Minister Ali al-Naimi said $75 a barrel was a fair price for oil and he saw no need for OPEC to change production ahead of the group's ...

Brent oil price rises above $65 in Asia after two day plunge

Brent oil price rises above $65, Friday trading in Asia after two day plunge in global oil prices. In London, Brent crude rose 79 cents to $65.61 on the ICE ...

NYMEX light oil price ends Thursday trading at eight week low

US light crude oil futures settled at the lowest level in eight weeks on Thursday as weak home sales suggested a slow economic recovery and added to demand worries following ...

ICE and NYMEX pointers for oil futures trading

World futures prices for NYMEX and ICE crude oil, following the results of the tenders on Thursday, have significantly gone down, the agency reports Ros Business Consulting.According to RBC, the ...

Oil prices slide under $66 Thursday on world economy fears

World oil prices traded lower Thursday as weak US economic data and signs of sluggish energy demand in the US highlighted fears about a tepid recovery from the global recession.New ...

Shell output set to pass BP, $40 billion spent on projects

Royal Dutch Shell Plc, held back by almost seven years of falling production, is set to overtake BP Plc after about $40 billion of investment from Qatar to Brazil.Shell will ...

Iraq on collision course with OPEC or itself?

The Iraqi government has great expectations for its massive, low cost oil resources. By opening the door to international oil companies for the first time since Saddam Hussein's Baathist party ...

Brent crude oil futures trading down nearly four percent Wednesday close

Brent crude oil futures eased down towards the $67 to $68 a barrel range in trading on Wednesday, weighed by an unexpected increase in US crude inventories. In London, November ...

NYMEX crude futures end Wednesday trading down, oil supplies up

US NYMEX crude futures closed nearly 4 percent lower on Wednesday, clearly stung by data showing unexpectedly large weekly increases in domestic crude oil and refined product supplies."Today's data certainly ...

Crude oil prices fall on new EIA data

Crude oil prices were lower Wednesday after the EIA said in its weekly US inventories report that crude oil, gasoline and distillates supplies were all higher last week. November contracts ...

OPEC oil market report tells quick recovery is unrealistic

With the world economy on the path of recovery, OPEC in its September, 2009, "Monthly Oil Market Report," observes that the rush in equity markets in some part of the ...

Oil industry on hot streak of new discoveries

The oil industry has been on a hot streak this year, thanks to a series of major discoveries that have rekindled a sense of excitement across the petroleum sector, despite ...
« Previous Page — Next Page »