All publications by tag «OIL»
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2014, December, 6, 16:30:00
U.S. OIL: NO SANTA CLAUS
Heavily indebted US shale companies are facing financial pressure as a result of the fall in the price of oil but may find their lenders are inclined to “go easy” on them, according to Fitch, the rating agency.
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2014, December, 6, 16:25:00
U.S. OIL GROWTH
U.S. crude oil and lease condensate proved reserves rose for the fifth consecutive year in 2013, increasing by 9% from the 2012 level to 36.5 billion barrels
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2014, December, 6, 16:20:00
OIL PRICES DOWN
Oil prices slid to the lowest point in more than five years Friday as worries about a global glut of oil continued to weigh on the market.
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2014, December, 6, 16:15:00
OIL PRICES: THE NEW WORLD
The recent sharp falls in the oil price require further adjustments to asset values around the world. Oil was in most people’s forecasts and commentaries at about $110 a barrel earlier this year, but is now selling for under $70.
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2014, December, 6, 16:10:00
OIL PRICES: NORTH SEA NIGHTMARE
Sir Ian Wood, the Aberdeen-based billionaire and energy industry veteran, has given warning that tumbling oil prices will have a “horrible effect” on North Sea prospects.
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2014, December, 6, 16:05:00
OIL PRICES: NORWAY THREAT
A sharp drop in oil prices since the summer is creating a heap of trouble for Norway.
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2014, December, 6, 16:00:00
ROMANIA NEEDS MONEY: $123 BLN
Romania's energy sector needs about 100 billion euros ($123 billion) worth of investment in power, oil and gas production, mining and related infrastructure by 2035 to be more self-sufficient, a draft energy ministry document showed.
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2014, December, 6, 15:55:00
SISTEMA FELL: 35%
Shares in Vladimir Yevtushenkov’s Sistema Group fell more than 35 per cent this week, amid growing concern that Russian investigators will try to reclaim Rbs140bn ($2.7bn) in dividends that the group has received from its oil company Bashneft .
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2014, December, 3, 21:25:00
SAUDI OIL POLICY
After OPEC’s announcement last week that it would not be cutting production, oil prices fell dramatically.
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2014, December, 3, 21:20:00
SCHLUMBERGER CUTS FLEET
Schlumberger , the world’s largest oil services group, is cutting back its fleet for offshore geological surveys and taking an $800m writedown on the value of its ships, in the first significant cutback in the industry following the recent fall in crude prices.