Crude oil prices dropped on Thursday, dragged down by plentiful supply, worries about demand growth and a stronger U.S. dollar. Brent eased $1.27 to settle at $97.70 a barrel, with prices falling around 15 percent from a nine-month peak of $115.71 reached in June. U.S. crude slipped $1.35 to close at $93.07 a barrel a day following a decline due to government data that showed U.S. crude inventories increased 3.7 million barrels last week.
read more... 19/09/2014
Anglo-Dutch oil conglomerate Royal Dutch Shell has chosen Credit Suisse to counsel on the vending of its European liquefied petroleum gas (LPG) business, as stated in the Financial Times on Friday, quoting four people familiar with the decision.
read more... 15/09/2014
Brent crude decreased under $97 per barrel on Monday, a more than two-year low, since flat economic data from China, the world's major energy consumer, spread a shadow on the outlook for oil demand among plentiful global supplies.
read more... 15/09/2014
Brent crude oil prices settled above $99 a barrel on Wednesday, close to a 16-month low attained a day earlier among fears about global oil demand.
read more... 10/09/2014
The European Union put Russia's leading oil producers and pipeline operators Rosneft, Transneft and Gazprom Neft on its list of Russian publicly owned companies that will not be permitted to increase capital or have access to European markets, as stated by an EU diplomat.
read more... 09/09/2014