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Oil

Oil
May, 28, 18:00:00

CNPC FINDS BIG OIL

China’s CNPC said Tuesday that it has made the country’s first ever tight oil discovery to exceed 100 million tons.

Oil
May, 27, 18:30:00

SAUDI PRICE WAR

Crude oil prices are still about half their value compared with a year ago, but the now prolonged slump is unfolding such that another rise could be on the horizon

Oil
May, 27, 18:25:00

OPEC OIL RISING

OPEC supply is expected to increase by 0.2-0.3 million barrels per day (bpd) between now and end-3Q2015, analysts of the US JP Morgan bank said in a report, obtained by Trend.

Oil
May, 27, 18:20:00

NIGERIA'S BIG OIL

As petroleum minister during the 1970s oil boom, Muhammadu Buhari set up the Nigerian National Petroleum Corporation. It is an accident of history that the same man, elected president in March, could now be compelled to dismantle the state oil company he helped create.

Oil
May, 27, 18:15:00

NIGERIA'S OIL CRISIS

The crisis has crept up in recent weeks amid wrangling by national fuel marketers over more than $1bn in alleged outstanding payments by the outgoing administration of President Goodluck Jonathan.

Oil
May, 27, 18:10:00

NIGERIA'S OIL CRASHING

Nigeria earns 75% of its budget from oil. The country uses much of that revenue to subsidize fuel prices. Nigerians buy gasoline for just $1.65 a gallon. To the companies that sell fuel to Nigeria, the government pledges to pay the difference between that price and the market rate within 45 days.

Oil
May, 26, 19:00:00

DISAPPEARED U.S. OIL

Millions of barrels of untapped oil that U.S. shale drillers discovered during the boom years are about to disappear from their inventories.

Oil
May, 26, 18:45:00

БОЛЬШЕ РУССКОЙ НЕФТИ

Экспорт нефти из России в первом квартале 2015 года увеличился на 12,8% по сравнению с аналогичным периодом 2014 года - до 59,3 миллиона тонн, сообщает Росстат.

Oil
May, 26, 18:40:00

CHINA OIL IMPORTS UP

China's April imports of crude oil from Middle East suppliers rose 10% year on year to a record high of 16.61 million mt or 4.06 million b/d, led by Saudi Arabian supply, according to detailed data released Saturday by the General Administration of Customs.

Oil
May, 22, 18:00:00

OIL DEMAND UP

Prices have also risen with internationally traded Brent recovering from a six-year low near $45 a barrel in January to $64.90 on Wednesday.

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