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October 2014

October 2014
2014, October, 11, 20:50:00

OIL: STABLE REDUCTION

Crude oil prices stabilised Friday after dropping significantly this week.

October 2014
2014, October, 11, 19:40:00

U.S. HAS GONE BUST

The share-price boom at U.S. energy firms has gone bust, due to slumping global growth and tumbling crude prices.

October 2014
2014, October, 11, 19:35:00

OIL MAJORS RAN: $55 BLN

This year's fall in energy prices is hastening the decline of big oil, as the seven Western majors sell-off assets, cut investment, return money to shareholders and shrink in size, leaving ever more output to small producers and state firms.

October 2014
2014, October, 11, 19:30:00

OIL PRICES DOWN

West Texas Intermediate extended its slump into a bear market amid speculation that rising global oil supplies will be more than enough to meet slowing demand. London’s Brent traded at the lowest price since December 2010.

October 2014
2014, October, 11, 19:25:00

EU GAS CRISIS

European Energy Commissioner Guenther Oettinger has asked Ukraine and Russia to take part in another round of talks to try to solve a gas pricing row on Oct. 21 in Berlin, a Commission official said on Thursday.

October 2014
2014, October, 11, 19:20:00

EU ENERGY DIVERSIFICATION

Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.

October 2014
2014, October, 11, 19:15:00

ASIA REDUCES SUBSIDIES

Consumers in many Asian countries are missing out on the benefits of a global slide in oil prices and instead paying more at the pump as governments cut down on expensive energy subsidies.

October 2014
2014, October, 11, 19:10:00

RUSSIA SANCTIONS: STOP BNP PARIBAS

French banking giant BNP Paribas SA has stopped offering letters of credit to finance commodities trades involving sanctioned Russian banks, according to people familiar with the matter—the latest fallout from tightening economic restrictions imposed by the West against Moscow.

October 2014
2014, October, 11, 19:05:00

KASHAGAN: RISE $4 BLN

The cost of Kashagan, already the world’s most expensive oil project, is set to rise by nearly $4bn as the companies developing it are forced to replace 200km of leaking pipelines.

October 2014
2014, October, 11, 19:00:00

EXXON WINS $1.6 BLN

A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp about $1.6 billion to compensate for oil nationalization in 2007, though state oil company PDVSA expects to eventually pay closer to $1 billion.