Saturday 1 August 2015
 
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Crude

Oil falls on glut fears, weaker dollar support

Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in US crude stocks and a weakening dollar. Asian investors focused on OPEC production figur

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Sonatrach raises August Saharan Blend crude OSP

Algeria's Sonatrach has set its Saharan Blend crude oil official selling prices (OSP) for loading in August at a premium of 45 cents per barrel to dated Brent, it said.   The July OSP was set at a discount of

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Oil prices fall to near 6-month lows over China

Oil prices fell for a fifth straight session on Tuesday to their lowest in almost six months, as a rout in Chinese equities cast further doubt over the outlook for crude demand in the world's top commodities consumer. China

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Oil falls to lowest close since March, down a 4th week

Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in US oil drilling rigs applied pressure. US energy firms added 2

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Oil prices fall as US crude stocks seen rising

Oil prices fell on Wednesday after industry data showed US crude inventories rose last week when they had been expected to drop, even as a weaker dollar helped to limit deeper losses. Crude futures have steadied this week after tu

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Saudi crude exports hit five-month low in May

Saudi Arabia's crude oil exports fell to their lowest in five months in May despite near record production, as the Opec kingpin turns itself into a major refined-fuels power and as domestic consumption rises. Saudi Arabia, the

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S Korea's June crude imports from Iran down 20pc

South Korea's crude oil imports from Iran dropped 19.7 per cent in June from a year earlier, and its shipments from the Opec country in the first half of this year also declined 5.5 per cent year-on-year, meeting international sanction req

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Petrofac lands $780m EPC contract in Kuwait

Kuwait Oil Company (KOC) has awarded a lump-sum engineering, procurement and construction (EPC) contract worth $780 million to leading oil and gas services provider Petrofac for developing a manifold group trunkline (MGT) system in the north of

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Petrofac lands $780m EPC contract in Kuwait

Kuwait Oil Company (KOC) has awarded a lump-sum engineering, procurement and construction (EPC) contract worth $780 million to leading oil and gas services provider Petrofac for developing a manifold group trunkline (MGT) system in the north of

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Gulf Keystone gets payments for Shaikan crude

Gulf Keystone Petroleum said it had received further payments on recent contracts, helping prop up its cash position, and continued to progress towards a regular payment cycle for the oil it produces.   Shares in

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