Friday 27 February 2015
 
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Oil Prices

No special meeting before June: Opec

Opec has no plans to hold an emergency meeting before its next scheduled gathering in June, two of the organisation's delegates said on Tuesday. Nigerian Oil Minister Diezani Alison-Madueke told the Financial Times in comments

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Oil ends mixed over US rig count drop

Crude prices ended mixed on Friday as the number of US rigs drilling for oil fell far less than expected this week, while heating oil jumped 6 per cent after severe winter cold crimped output at three refineries. After many bets t

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Oil and gas explorers in Africa ‘must rethink capex’

Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, said an industry expert. “Oil & gas explorers

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China to hike oil product exports, add to glut

Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins.

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China to hike oil product exports, add to glut

Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins.

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Oil and gas explorers in Africa ‘must rethink capex’

Oil and gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, said an industry expert. “Oil & gas explorers

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Total CEO expects oil price of $60 this year

Oil prices are likely to remain relatively low until the summer, the chief executive of Total was quoted as saying on Wednesday, leading the French oil major to assume an average price of $60 a barrel this year. Talking to the pri

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Oil slips after 4-day rally on demand fears

Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 per cent over the past four sessions. The recent rebound was driven by hopes that prices ma

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Oil slips after 4-day rally on demand fears

Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 per cent over the past four sessions. The recent rebound was driven by hopes that prices ma

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Kuwait cuts spending plan as oil prices hit exports

Kuwait's finance ministry has slashed spending and projected a big deficit in a draft budget for the next fiscal year, as plunging oil prices hit its export revenues. The draft budget for the year starting in April envisages s

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