- Why Saudi Arabia, Russia are flooding the oil market
February 15, 2016
Investors sense that OPEC and other oil producers may be cooking up a deal to cut output in a bid to raise prices.
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- Glencore said to store oil at sea off Singapore in contango bet
January 28, 2016
Glencore Plc is said to be storing oil on ships off the coast of Singapore and Malaysia as a market structure known as contango allows traders to benefit from holding on to supplies for sale later.
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- World's biggest LNG project is starting in the worst market in years
January 20, 2016
After years of delays, cost overruns and labor unrest, Chevron Corp.’s Gorgon project, one of the world’s most expensive liquefied natural gas ventures, faces another challenge: the weakest energy prices in more than a decade.
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- Asian markets: China's Shanghai Composite Index holds up as oil slips below $30 a barrel
January 18, 2016
Stock markets across Asia were trading weak for the day with shares falling to their lowest levels since late 2011. This was on the back of another sell-off on Wall Street on Friday (15 January) and oil prices declining to sub-$30 a barrel in Asia...
- Oil industry braces for re-entry of Iran
January 17, 2016
The oil industry is braced for an increase in Iranian production after western powerslifted many of the sanctions linked to its nuclear programme, paving the way for Tehran’s full return to the international market.The oil industry is braced for I...