All publications by tag «PRICES»
BP posts slump in Russian income but raises dividend
Big oil and gas finds in waters along Europe's northern edge may remain undeveloped now that oil prices have dropped, keeping potential supply of over a billion barrels of oil equivalent out of the market for the foreseeable future.
The United States exported 401,000 barrels per day (bbl/d) of crude oil in July 2014
Russian natural gas giant Gazprom believes that winter 2014/2015 may be “colder than usual”.
Fall in oil prices is temporary, says Saudi petrochemicals chief
Sanctions, Oil Prices May Harm Russian Economy, Ministers Warn
Global oil prices posted a fifth weekly loss as concerns about high supplies continued to weigh on prices.
Oil prices have fallen by over 20% in the last couple of months. Brent is currently trading $30 below its summer spike to $115 per barrel and many are left wondering what the Saudis are playing at.
Oil is in the midst of one of its steepest selloffs since the financial crisis, with prices falling 16 percent since mid-June. This has the Saudis contemplating even deeper cuts in oil production to keep prices from declining any further.
There was a time when headlines about jets bombing Middle Eastern refineries would have sent oil prices soaring.