Oil prices trading around $77 after US oil demand data

Crude oil prices ended trading on Wednesday around the $77 dollar mark as the US government released data showing weak oil demand. US Light crude oil futures for March delivery ...

UK’s Darling offers oil companies £1bn Shetland tax perk

UK chancellor Alistair Darling has offered offshore oil compaines tax perks worth nearly £1bn to encourage them to explore and develop oil and gas finds west of the Shetland Islands.He ...