BHI: US rig count continues 11-week dive, loses 98 more units

Marathon revises down budget by 20%

An independent Dutch safety panel has found that the operators of Europe’s largest natural gas field, Royal Dutch Shell and Exxon Mobil, as well as the Dutch government, for years ignored the dangers posed by earthquakes in the field.

Oil tops $60 for first time in 2015, industry cutbacks support

Brent crude oil prices will average $58/bbl in 2015 and $75/bbl in 2016

“So, fundamentally, the crisis in oil prices in 2014 – is just a ripple on the water compared to the oversupply tsunami of 1985. The amount of excess capacity is five times less. Operating costs are 2-3 times higher. Instead of a deep drop in demand – a growth is recorded. The rate of decline in marginal production – is ten times higher. There is a clear unbalance between fundamental drivers and the observed price dynamics” - highlighted Rosneft Head.

BHI: US rig count continues 11-week dive, loses 98 more units

The United States will remain the world’s top source of oil supply growth up to 2020, even after the recent collapse in prices, the International Energy Agency said, defying expectations of a more dramatic slowdown in shale growth.

EIA expects gasoline demand to increase by nearly 1% in 2015

Saudi Arabia budget insulated from effects of lower oil prices

Gazprom would be in a strong position to secure an outcome

RUSSIAN-TURKISH GAS PIPELINE FOR TURKEY

Russia's Yamal LNG sees global liquefied gas deficit by 2018

Australia Pacific LNG receives first gas at Curtis Island

Contract LNG prices in Japan projected to fall 38% through 2016