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Russia to Introduce A New Oil Export Duty

A wise step of Russian ministers in introducing a new tax regime to drop oil export duties beginning from Oct1 will add a new script in the history of Russia. However, the final decision depends on the consent of Prime … Continue reading →

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Libyan oil production increase within six months, local gas prices should fall
The Examiner

2011-08-23

The price of Brent Crude continues to drop after the toppling of the Kaddafi government in Libya as experts believe the country will return to oil exportation within six months. This could be welcome...

Oil Prices Push Higher on China Growth
The Street

2011-08-23

Brent oil for October delivery was up 10 cents to $108.46 a barrel and West Texas Intermediate (WTI) light sweet crude oil for October delivery was rising $1.26 to $85.68. Oil prices began regaining...

Encore Energy Partners LP Acquires Permian Basin Oil and Gas Properties and Agrees to Purchase Wyoming Gas Property
Business Wire

2011-08-23

HOUSTON - Encore Energy Partners LP (NYSE: ENP) (the “Partnership” or “ENP”) today announced it has closed on the acquisition of producing oil and natural gas assets in the Permian Basin of West Texas...

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Oil mixed as US price jumps 2.3pc
The Australian

2011-08-22

GLOBAL oil prices were mixed today, with US oil futures rising sharply on strength in stockmarkets while European oil slipped on Libya. European crude futures fell today...

Oil slips $2 towards $106 on Libya end-game
The Guardian

2011-08-22

* Return of Libyan crude anticipated as rebels reach Tripoli * Oil price remains supported by possibility of QE3 * Markets eye Fed chair Ben Bernanke's speech on Friday (Updates prices, adds fresh...

Shell defends safety after North Sea oil leak
BBC News

2011-08-22

Shell has said safety is its "foremost priority" after calls for North Sea activities to be restricted in the wake of the oil leak. The company has been tackling the release of more than 200 tonnes of...

Oil: Price finishes lower for the week
Tulsa World

2011-08-19

Oil ended the day below $83 a barrel on Friday, finishing down about 4 percent for the week, on fears that another recession could cut demand for energy. Benchmark West Texas Intermediate crude for...

Oil rises above $87 amid mixed US supply report
Herald Tribune

2011-08-17

SINGAPORE - Oil prices rose above $87 a barrel Wednesday in Asia after a report on U.S. crude inventories revealed mixed signs about consumer demand. Benchmark oil for September delivery was up 65...

Oil rises 3 percent on broad market rally
The Associated Press

2011-08-15

NEW YORK (AP) -- Oil jumped to the highest level in more than a week on some positive news about the global economy. Oil was also pushed higher by a fall in the dollar. As the greenback weakens,...

Oil hovers above $85 as trading volatility eases
Herald Tribune

2011-08-15

SINGAPORE - Oil prices hovered above $85 a barrel Monday in Asia as stock markets regained their footing after wild swings last week amid concerns about a slowing U.S. economy and worsening European...