Monday 26 January 2015
 
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Shale

UAE oil minister: we need shale oil producers to stay

The world needs shale oil producers to continue operating and a fair price for oil would allow them to do so, UAE oil minister Suhail bin Mohammed Al Mazroui said at an energy conference in Abu Dhabi.

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Oil remains weak on supply glut, sluggish economies

Oil prices remained near five-and-a-half year lows in early Asian trading on Wednesday after prices saw yet more heavy falls in the previous session, and analysts said a supply glut meant that more falls were likely before a rebound.

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US oil export plan widens battle for global market

The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light US crude to the rest of the world. The

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Oil ends on a fresh low after halving in 2014

Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude. Just before the close, Brent and US oil futures bounced

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Oil nears $56, heads for biggest annual drop since 2008

Oil dropped towards $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured by weakening demand and a supply glut prompted by the US shale boom and Opec's refusal to cut output. Global be

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US opens door to oil exports after year of pressure

The Obama administration on Tuesday bowed to months of growing pressure over a 40-year-old ban on exports of most domestic crude, taking two steps expected to unleash a wave of ultra-light shale oil onto global markets. The Bureau

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Big role seen for unconventional oil and gas

Unconventional oil and gas resources will play an important role in the global fuel mix with technological advancement across the entire value chain shaping the profitability of the industry in the long term, a report said. While

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Oil slips below $72 after sharp rally in volatile market

Brent crude slipped below $72 a barrel on Tuesday, giving up some of the gains seen on Monday when prices rallied for the first time in six sessions and closed up more than 3 per cent. Oil futures on both sides of the Atlantic hav

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As shale stocks tumble, opportunity lurks

Shale stocks have been hard-hit as investors see margins all but evaporating following the slide in crude oil prices, but the US shale energy boom is not over. An index of oil and gas exploration and production tumbled 8.15 per ce

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Venezuela says shale oil is a disaster

Shale oil is a disaster for climate change, Venezuelan Foreign Minister Rafael Ramirez said as the Organization of the Petroleum Exporting Countries (Opec) prepares to decide on oil output policy.   "The US

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