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oil prices, oil trading
Brent crude oil prices rose above $78 in trading on Monday in Asia as Iran staged five days of war games, boosting tensions in the oil rich Middle East region. In London, Brent crude for January delivery rose $1.04 to $78.24 on the ICE Futures exchange.
Iran on Sunday began large-scale air defense war games aimed [...]
US Light oil price hit the pedal this morning and is currently trading around the $78 dollar mark as fresh tensions in Iran and a falling US dollar help both oil price to bounce around 1 percent higher as gold prices hit a fresh high.
“The market’s looking ahead in terms of recovery in demand for [...]
Western oil companies operating in Nigeria are racing to lock up license renewals ahead of legislation that could boost tax and royalty rates.
Amid the negotiating scramble, several big players are expected to recommit to community-development programs and local infrastructure projects. Royal Dutch Shell PLC has even agreed to offer business training to former gun-toting militants [...]
Iran’s oil Minister said on Sunday that the increase of crude production by non OPEC member countries has had an adverse impact on oil prices, the official IRNA news agency reported.
“Although OPEC has lowered its production ceiling several times, non-OPEC producers have increased their oil output with negative impact on crude prices,” Masoud Mirkazemi was [...]
Crude oil prices rose above $78 a barrel in early trading on Monday due to heightened tension between Iran and Western countries which raised speculation of a potential supply risk, thereby encouraging investors to push oil prices higher.
US crude oil futures for January delivery rose 76 cents to $78.231 a barrel by 0213 GMT on [...]
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