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With oil above US$80, OPEC ministers kicked off their first meeting for 2010 leaving output unchanged. The dollar stayed weak and economic data showed signs of improvement. In early trading on Friday, the oil price was still
Full story...When oil services group Rheochem plc moved upstream in 2006, it could hardly have envisaged the rollercoaster ride ahead as financial markets around the world crashed and oil prices soared to US$140 a barrel, plummeted to under
Full story...The oil market welcomes any news of an increase in energy demand and this week, the Chinese delivered this much-needed boost to the market, and helping to maintain the strength we’ve seen in the oil price. This has been the
Full story...We know that Papua New Guinea is becoming one of the worlds newest, highly prospective hydrocarbon provinces because London Aim quoted Rift Oil presented at an oilbarrel.com conference last year and described the substantial
Full story...Two thousand and ten should be a key year for ASX-quoted Po Valley Energy. The company, which takes it name from the gas-rich region of northern Italy where it operates, has overcome bureaucratic inertia to bring its
Full story...The oil price is maintaining a healthy run, managing to stay around US$80 for the past 2 weeks. Oil producers will be hoping this trend will continue as they prepare for OPEC’s first meeting of 2010. In early trading on Friday,
Full story...A new investor presentation from Aurora Oil & Gas makes it very clear that this ASX-listed oil junior sees itself playing with the big boys on the frontline of the North American surge in unconventional gas supplies. Aurora is
Full story...The uncertainty of the global economy continued to weigh on the oil market this week. The dollar gained little strength and the Eurozone stayed stagnant. Crude stocks continue to be high and with little real news to move the
Full story...The oil price held firmly in the high seventies as the focus was on the commodities all week. Supply is still at an all time high, demand has not improved but the US surprised the market by hiking the discount rate, signalling
Full story...There’s been no great improvement in oil demand this week as stockpiles continue to build and global economic news remains sluggish. Cold weather in the US, gains on the stock market and a weaker dollar all helped keep the oil
Full story...Morocco is becoming a favourite destination for small cap E&Ps looking for investment opportunities that offer material growth yet have a low cost of entry. AIM-quoted Circle Oil, for example, is currently enjoying a run of
Full story...The oil market continues to look for signs of positive growth in the global economy, but week after week, the news fails to thrill. The oil market got a boost earlier in the week with prices close to US$77 but the gains were
Full story...Australia’s booming natural resources sector, particularly its massive expansion in LNG capacity, means there is interest in any company claiming to sit on a serious amount of natural gas. And when that gas could lie just 20 km
Full story...Having successfully inked farm-in terms for its promising Sugarkane project at the back end of last year, Aurora Oil & Gas can report an acceleration of activity across the South Texas gas and condensate field including the
Full story...As world leaders of industry gathered in Davos and President Obama spoke of hope and a long road to recovery, the oil price weakened slightly as traders saw little immediate impact to the up side. But the good news for the
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PA Resources awards contract for seismic acquisition in Block 8, West Greenland
