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New oil pipeline to Turkey soon say KurdsIraqi Kurdistan will start a new oil pipeline to Turkey within months, its energy minister said, increasing the autonomous region's control over its resources in a dispute with Baghdad and raising its exports to world markets. More… |
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Oil traders diversify into food, metals eyeing profitsEnergy trading houses are diversifying into food commodities and metals, which makes them likely to invest in assets such as port capacity as they copy their rival Glencore Xstrata to escape excessive reliance on More… |
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Oil soars to new high on ME unrestOil rose and US crude hit a nine-month intraday high on Friday, after news that the United States had authorized sending US weapons to Syrian rebels sparked concerns about Middle East supplies. President Barack Obama authorized ar More… |
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Oil steady at $103; equities balance high stocksBrent crude oil steadied around $103 on Wednesday, buoyed by a rally in global stock markets despite an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth by the world's big oil market foreca More… |
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BP cuts global gas reserves estimateOil major BP steeply cut its estimates of global gas reserves on Wednesday, revising Russian reserves down sharply and putting Iran at the top of the world league table for the first time in decades. In its benchmark annual statis More… |
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Shale estimates cement shift from oil to gasThe shale revolution is likely to have a far bigger effect on the global gas market than on oil supplies, entrenching the long-term price advantage of gas, according to new data from the Energy Information Admini More… |
Job openings ‘rising in alternative energy’The amount of jobs offered by recruiters in relation to unconventional resources in the energy sector is seeing a significant rise, said OilCareers.com, a leading recruitment site targeting the worldwide oil and gas sector. Region More… |
Job openings ‘rising in alternative energy’The amount of jobs offered by recruiters in relation to unconventional resources in the energy sector is seeing a significant rise, said OilCareers.com, a leading recruitment site targeting the worldwide oil and gas sector. Region More… |
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Saudi to sell more crude to IndiaTop oil exporter Saudi Arabia is selling more crude to India in July as two refiners have asked for additional cargoes, industry and company sources familiar with the plan said, in part to make up for a loss of s More… |
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Saudi oil output rises to 9.6m bpd in MaySaudi Arabia produced 9.6 million barrels per day (bpd) of oil in May, up from 9.3 million bpd in April, an industry source said on Friday. The source did not give a reason for the increase but Saudi Arabia typically raises output More… |
