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
Daily: UK gas slips on oversupplied system
Brent crude futures declined on Thursday as the North Sea Buzzard oilfield was expected to restart after maintenance and on worries about the euro-zone economy. Brent crude for delivery in December dropped 53 cents or 0.49 percent, settling at $108.17 a barrel, having traded from $107.75 to $109.03.
read more... 02/11/2012
Daily: UK gas prices up on tight supplies
Brent crude futures declined on Thursday on the expected restart of a North Sea oilfield in weekend and pessimistic data on U.S. jobless claims.
read more... 19/10/2012
Daily: Brent up to $114 on tight supplies from the North Sea
Brent crude increased to 114 dollars per barrel on Monday on tight supplies from the North Sea due to a UK oilfield closed for maintenance work. Brent oil for October was traded up 66 cents at 114.37 dollars per barrel at 08:50 GMT, after having dropped over 2 dollars on Friday on expectations that U.S. might release some of its reserves. Meanwhile, U.S. crude oil traded up 10 cents to 96.11 dollars.
read more... 20/08/2012
Iraq to sign a gas deal with Shell and Mitsubishi
The Iraqi cabinet has signed a definitive $17bn agreement with Royal Dutch Shell and Mitsubishi on Sunday to capture flared gas from southern oilfields.
read more... 28/11/2011