Crude oil prices eased on Thursday, capped by strengthening dollar and a build in U.S. crude stockpiles at the delivery point for the U.S. crude contract. Brent declined 46 cents, or nearly 1 percent, to close at $57.08. WTI crude dropped $1.12, or 2.3 percent, to settle at $47.05 a barrel. Brent's premium to U.S. crude extended by more than $1 to above $10 a barrel on Thursday, touching a near one-week high.
read more... 13/03/2015
Royal Dutch Shell has dropped two natural gas exploration wells in eastern Ukraine after they were considered inefficient, as stated by the oil major on Thursday.
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Swiss petrochemicals giant INEOS has made known a deal to purchase stakes in a number of shale gas licenses across the UK.
read more... 12/03/2015
A start-up company based in An Aberdeen has won funding estimated at £1.5 million to develop new technology for the oil and gas industry.
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Benchmark Brent oil increased by 2 percent on Wednesday, recovering from a one-month low and extending its gap to WTI crude, which settled slightly down after a new record high for oil stockpiles in the United States. Brent crude for front-month delivery boosted $1.15 to close at $57.54 a barrel, rebounding from a one-month low under $56. Much of the gains came in the last hour of trade, when Brent rocketed almost 70 cents within seven minutes. U.S. crude for April delivery lost 12 cents to close at $48.17.
read more... 12/03/2015