Search Results for: oil
Brent Extends Drop as Mideast Oil Supply Stays Safe; WTI Steady
August 25th, 2014
Brent fell for a second day amid speculation that turmoil across the Middle East won’t threaten crude supplies. West Texas Intermediate was steady in New York after a technical issue disrupted electronic trading. “The region is in chaos but ...
Oil prices drop puts at risk Moscow’s Budget
August 21st, 2014
Oil and gas are at the heart of the Russian economy and are largely responsible for keeping Moscow’s government budget in balance. But the recent decline in the price of oil from the North Sea and Texas has now ...
Oil Companies Turning Away From The Middle East
August 20th, 2014
The violence and cutthroat politics of the Middle East, combined with declining oil and gas production levels, has triggered a subtle but significant shift away from what has long been the center of the energy industry to other regions ...
West TX Oil Drops Below $94 on Weak Demand
August 20th, 2014
Oil sank on Monday, with Brent near a 14-month low and U.S. oil sinking to its weakest since January, as weak demand and easing concerns over risks to supply offset fears about geopolitical risk. On Monday, oil shed nearly ...
Oil prices drop and investment in Canadian oil sands is risky
August 20th, 2014
A new study says the recent increase in global oil production and the ensuing drop in price may threaten the profits of energy companies that have invested in Canadian oil sands, the world’s most expensive extraction operation. The think ...
Greek Stock Recovery dims as Europe Turmoil Flattens ASE
August 19th, 2014
The curtain is coming down on Greece’s star turn with international equity investors. Among the best-performing Europe gauges in 2013 after the government carried out the world’s biggest-ever debt restructuring, Greece’s ASE Index has become one of the worst, ...
West TX Oil up to $94.80 on Easing Supply Risks
August 19th, 2014
Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply. Brent shed nearly $2 on Monday, as investor ...
SEC charges stock company of oil and gas production
August 18th, 2014
The Securities and Exchange Commission (SEC) has announced charges against a Houston-based penny stock company and four individuals behind a pump-and-dump scheme that misled investors to believe the company was on the brink of developing revolutionary technology to enable ...
Apache discovers oil in Northwestern Australia
August 18th, 2014
US energy firm Apache on Monday announced an oil discovery off northwestern Australia which it said could potentially represent a new oil province for the country. The find at the Phoenix South-1 well is the first for Apache Energy ...
Scottish independence: Report claims UK oil forecasts ‘too pessimistic’
August 18th, 2014
Future North Sea oil and gas revenues could be six times higher than a UK economic watchdog has forecast, according to a report. The claim was made by N-56, which describes itself as an “apolitical business organisation”. The Scottish ...
