The Scottish Government has made known about an extra £12.5 million backing package for the oil and gas industry in the North East.
read more... 02/02/2016
Global benchmark Brent crude futures increased on Friday, heading about 8 percent higher so far this week and set for a second weekly gain, stimulated by hopes of an agreement among oil-producing countries to tackle a growing oversupply.
read more... 29/01/2016
The National Iranian Oil Company of Iran inked a deal to supply oil to Greece’s main oil refiner, Hellenic Petroleum, following removal of sanctions.
read more... 25/01/2016
China’s oil consumption bounced 2.5% in 2015 on strong gasoline and kerosene demand, despite a slowing economy and declining demand for other commodities such as coal and steel.
read more... 20/01/2016
U.S. and Europe have finally lifted sanctions on against Teheran on Saturday, move that could shake up oil markets.
read more... 19/01/2016