Latest news
Lukoil - the winner of three Siberian oil fields auction
Lukoil, the country's second-biggest oil producer by output, won at an auction for three Siberian oilfields.
read more... 26/12/2012
Norwegian oil giant Statoil to invest $7bn in North Sea project
Norway’s Statoil will develop a $7bn (£4.3bn) North Sea oil field, the largest offshore development in the UK in more than 10 years.
read more... 25/12/2012
Daily: Brent and U.S. crude settle lower as fiscal deal optimism lessens
Brent and U.S. crude oil futures declined more than 1 percent on Friday on hesitating efforts to negotiate a U.S. budget which intensified fears that a deal would not get done to avoid mandated tax hikes and spending cuts that could curb the economy and demand for petroleum. Meanwhile, Brent February crude dropped $1.23, or 1.12 percent, to settle at $108.97 a barrel, having traded from $108.66 to $110.28. U.S. February crude futures eased by $1.47, or 1.63 percent, to settle at $88.66 a barrel.
read more... 24/12/2012
Daily: Brent crude edged lower after a choppy trading
Brent crude futures climbed on Thursday in a choppy trading as oil futures and the euro and U.S. dollar was hit by shifting impressions of developments on U.S. budget talks. Meanwhile, Brent crude futures eased 16 cents, or 0.14 percent, to settle at $110.20 a barrel, having traded from $109.70 to $110.66.
read more... 21/12/2012
IEA: Coal to overtake oil as leading energy source by 2017
Coal is expected to surpass oil as the world’s top fuel in the next five years, according to a report issued by the International Energy Agency (IEA), posting a threat of more greenhouse gases injection into the atmosphere than ever before.
read more... 21/12/2012