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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...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...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...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
Full story...A week in the oil market is a long time where inventory levels change, sentiment shifts direction and economic data is revised and revisited. Weakness in the equity markets and a stronger dollar also impacted prices. Last week
Full story...The production profile of PA Resources, the Stockholm- and Oslo-listed E&P, continues to move in the right direction with the company reporting average production numbers of 13,300 barrels per day for Q4 2009, a firm improvement
Full story...The oil price held strong all week until gloomy economic data made traders nervous and resulted in a bit of late selling. Sluggish employment data, the pace of the economic recovery and a potential fall in oil demand is weighing
Full story...The sight of crude oil tankers sitting off the Suffolk shoreline is all too common for residents of the old-fashioned seaside town of Southwold.
Full story...Oil producers should be rejoicing as they head into the new year and into the new decade. They can be proud of keeping stability in the market most of the year and against all odds, the oil price has been trading in positive
Full story...The outcome of the Copenhagen conference may make it timely to review David Buchan’s ambitious attempt to analyse the recent history of the energy policy of the European Union (EU). The book is not an easy read, but this is not
Full story...It’ll be remembered as one of the toughest years in recent history, or at least since the great depression. Profits of oil companies and producers were down, but the oil price held steady most of the year. Economic indicators
Full story...After another volatile week on the oil market, the price came back above US$70 fueled by optimism of demand to come and brighter prospects for the global economy. This has been the biggest gain since October with the oil price
Full story...The third quarter of 2009 was a key milestone for Serica Energy as it marked the start-up of commercial gas sales from the Kambuna field, some 40 km offshore North Sumatra, Indonesia. The field will not only generate steady
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