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Brent steady on Chinese data

Brent crude held steady above $119 a barrel on Tuesday as China’s manufacturing activities grew, providing a bright spark amid a gloomier economic outlook in the euro zone and the US that could depress fuel demand.  More »

Who Dat programme progressing

US independent LLOG Exploration is one-third of the way through its development drilling programme at the Who Dat field in the deep-water US Gulf.  More »

Global chairman calls it a day

Australia-listed Global Petroleum has announced that chairman Mark Savage has notified the board of his intention to retire.  More »

Brent falls on demand worry

Brent crude edged lower towards $119 per barrel on Monday as economic woes in developed economies stoked fears of lower fuel demand, although the prospect of a third round of monetary easing by the US limited its decline.  More »

Ghanem found dead in Austrian river

Former Libyan NOC front man suffered suspected heart attack  More »

Global role of ExxonMobil featured in new book

In early 2006, ExxonMobil was caught in the middle of a standoff between the authoritarian leader of Chad, Idriss Deby, and Paul Wolfowitz, the head of the World Bank, journalist Steve Coll says in his new book on the world’s biggest oil company.  More »

Oil little changed in thin, tug-of-war trade

Oil prices were little changed on Friday in very light, tug-of-war trading, as concerns about economic growth were countered by hopes for additional easing by the Federal Reserve to boost a sputtering US recovery.  More »

EPA under fire for ‘crucify’ comment

An Environmental Protection Agency official has apologised for a 2010 comment comparing the regulator to the Roman conquerers, which triggered an outcry this week when a video recording surfaced on the Internet.  More »

BG eyes sale of QCLNG stake

BG Group has held talks with China Investment Corporation (CIC) on the sale of an equity stake in the British company’s Australian liquefied natural gas facilities, according to reports.  More »

Brent slips on euro zone worry

Brent crude dropped on Friday to trade just above $119 a barrel on renewed fears about the state of the debt-ravaged euro zone economies following a downgrade of Spain’s credit rating.  More »

Crude rises on US home sales boost

Crude oil futures rose on Thursday as a solid pickup in US home sales added to economic optimism following the US Federal Reserve’s vow a day earlier that it would take further stimulus action if needed to keep the recovery going.  More »

Brent slips as US crude stocks rise

Brent crude slipped below $119 a barrel on Thursday, as easing concerns of a disruption in Iranian oil exports and high US crude stocks dampened optimism over a recovery in the US economy.  More »

Oil rises with Wall Street

Crude oil futures rose in choppy trading on Wednesday, getting a lift from US equities despite pressure from a larger-than-expected increase in US crude inventories and a report that Iran may consider a halt to its nuclear program.  More »

Brent holds above $118

Brent crude stayed above $118 a barrel on Wednesday as investors marked time ahead of the outcome of a policy meeting by the US Federal Reserve, with some investors hoping to hear hints of further monetary easing.  More »

US crude narrows Brent spread

Brent crude prices fell and US crude edged up on Tuesday, narrowing the spread between the two benchmarks, while weak gasoline futures weighed on the complex as market participants rotated positions ahead of weekly inventory reports.  More »
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