February 2010
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News from February 2010

Oil prices trading around $77 after US oil demand data

Oil prices trading around $77 after US oil demand data thumbnail

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 settled 25 cents, or 0.3%, lower at $76.98 a barrel on the NYMEX, while in London, Brent crude oil futures on the ICE futures exchange [...]


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

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

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 announced the extension of the New Field Allowance to £160m per field, a concession so tightly drawn so it can only apply to those in [...]






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