Latest news
Statoil confirms a massive pre-salt oil discovery offshore Brazil
The Norwegian oil company Statoil confirmed today that it has made a significant discovery offshore together with operator Repsol Sinopec and partner Petrobas.
read more... 27/02/2012
Daily: Oil steady around $120 on Greek optimism and Iran tensions
Crude oil prices traded near $120 per barrel on Friday supported by concerns about potential supply disruptions following conflicts between OPEC producer Iran and the European countries and hopes for the second Greek bailout deal. North Sea Brent fell 6 cents to $120.05 by 10:07 GMT, while U.S. crude traded up 39 cents to $102.70.
read more... 17/02/2012
Daily – U.S. oil above 99 dollars a barrel
U.S. crude oil settled over 99 dollars a barrel on Monday sustained by the shutdown of oil output in South Sudan and worries the OPEC member Iran could soon stop its exports. NYMEX crude for March delivery traded one cents up at 99.57 dollars a barrel by 00:02 GMT.
read more... 30/01/2012
OPEC meets to discuss output
The Organization of the Petroleum Exporting Countries meets on Wednesday in Vienna to discuss oil output policy.
read more... 14/12/2011
Saudi Arabia: oil output at 30-year high
Top oil exporter Saudi Arabia pumped oil at the highest level for three decades in November, just a week before a key OPEC meeting, aimed to meet customer demand with increased production if necessary.
read more... 08/12/2011