Latest news
Oil futures rise, reversing earlier declines but oversupply weighs
Oil futures increased in late Asian trade on Wednesday after spending most of the session in negative area since U.S. crude stocks last week rose to over half-a-billion barrels and as Iran intends to boost exports from March.
read more... 03/02/2016
Daily: Oil prices drop on China economic woes, increasing OPEC supply
Oil prices dropped for a second session in Asian trade on Tuesday since worries about major energy consumer China and increasing oil supply influenced markets, even though potential negotiations between OPEC and Russia on production cuts offered certain support.
read more... 02/02/2016
Scotland offers £12.5m for oil and gas innovation
The Scottish Government has made known about an extra £12.5 million backing package for the oil and gas industry in the North East.
read more... 02/02/2016
DONG Energy will utilize oil cashflow for renewables
DONG Energy has made known about plans to use the cashflow from its oil and gas business to finance investment in clean energy.
read more... 02/02/2016
Weekly Review: Crude oil price rose to the peak in three weeks, hopes for output cut
Crude oil rose to their highest in three weeks on hopes for a pact among oil producers to cut output, while the US dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. Brent crude oil was still pressured by ample supplies and evidence showed that more North Sea crude will be heading out of the region in February.
read more... 01/02/2016