LONDON: Global energy exploration and production (E&P) spending will reach the record high level of $598 billion in 2012 helped by high oil prices, Barclays Capital said on Monday, with the potential for more spending if higher oil prices are (...)
LONDON: Global oil demand may be more robust than expected, even with a slowdown in economic growth in the United States and Europe, the chief economist of the International Energy Agency (IEA) said on Tuesday.
Fatih Birol told Reuters on the (...)
LONDON: Oil trimmed gains in choppy trading on Tuesday as the gloomy outlook for global economy came into focus once again, following the warning from International Monetary Fund (IMF).
Brent crude was $1.15 up at $110.29 a barrel by 1402 GMT. (...)
LONDON: Brent crude rose on Friday, boosted by gains in equity markets and delays on key North Sea crude oil loadings.
Brent crude for November gained $1.20 to $113.50 a barrel by 1313 GMT. In choppy trading, Brent turned briefly negative, before (...)
LONDON: Oil markets will quietly swallow the loss of modest Syrian supplies if Europe joins Washington in slapping new sanctions on the country, but prices would spike if Syria's ally and major oil producer Iran becomes directly involved in a (...)
LONDON: Oil dipped on Thursday as investors tried to lock in profit from their highest levels in about two weeks, with worries about euro zone debt problems and slower global growth outlook pressing on prices.
Brent crude futures fell 68 cents, (...)
LONDON: Brent crude prices bounced back up on Monday on continued unrest in oil rich North Africa and the Middle East, after falling to two-week lows on concerns over the economic impact from Japan's massive earthquake last week.
ICE Brent crude (...)
LONDON: Oil rose toward $78 a barrel on Friday, trimming an 11 percent loss from a 19-month high hit earlier this week, as international leaders prepared to meet to try to contain Greece's debt crisis.
Some support came from an expected (...)
LONDON: World oil demand this year will be slightly higher than previously expected, the International Energy Agency (IEA) said on Friday, because of growth in developing countries.
The agency lifted its absolute demand estimates for 2009 and (...)
LONDON: OPEC oil producers will agree next week to maintain its official output target unchanged to keep prices stable around $70 and to help the world economy to stay on a recovery path, a Reuters poll showed on Thursday.
The Organization of (...)