Oil Firms on Weakened Dollar and Improved US Consumer Sentiment
Brent crude futures rose on Friday following three straight lower settlements, heading for a 14 percent quarterly…
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Crude
Rupee Nears Its Lowest Within A Month
India's rupee fell to the lowest level in more than a month on speculation foreign funds will cut purchases of…
Koreans develop Abu Dhabi oil fields
South Korea has signed a multi-billion dollar deal with Abu Dhabi National Oil Company (Adnoc) to develop three new…
Oil rises on NYMEX electronic trading
Prices of crude oil futures contracts rose in the U.S. electronic trading on the New York Mercantile Exchange…
Iraq is capable of producing 6.5mbpd of crude oil by 2015
International Energy Agency said on Wednesday that Iraq is capable of more than doubling its crude oil production…
U.S. Oil falls as the concerns about Saudi’s supplies decrease
The prices of crude oil futures’ contracts in the U.S. decreased by about 2% on Friday, as a result of decreasing…
China’s Unipec buy 100,000 barrel of Libyan oil daily for 2012
The Chinese Company “Unipec” has agreed to buy about 100,000 barrels of crude oil per day from Libya under a term…
Brent exceeds 122 Dollars as financial markets gain
Crude oil exceeded 122 $ on Wednesday after two days of losses following the gains in financial markets as a result…
Brent falls as investors take profits
According to Reuters: Crude Brent futures fall a dollar per barrel on Monday to halt five days of…
Iran Sanctions Tightening as OSG to Frontline Halt Shipping Nation’s Crude
Sanctions on Iran are tightening after Overseas Shipholding Group Inc., Frontline Ltd. and owners controlling more…