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Dragon wins Bargou approval

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London-listed Dragon Oil will be able to farm-in to the Bargou joint venture in Tunisia after securing approval from the Tunisian Hydrocarbons Consultative Committee, a project partner has announced.
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Brent holds on US data

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Brent crude was steady above $125 a barrel on Tuesday after sharp gains in the previous session, supported by fresh signs of a sustained US recovery and the prospect of tighter crude supplies from the North Sea.
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Oil rises on North Sea, US data

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Oil prices rose a second day on Monday, gaining 2% as loading delays for North Sea crude cargoes added to concerns about global supply disruptions and as supportive US manufacturing data countered disappointing economic figures from Europe.
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Brent up on Chinese data

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Brent crude rose above $123 on Monday after positive manufacturing data from China eased fears of a sharp economic slowdown in the world’s second-largest oil consumer and continuing tension in the Middle East threatened supplies.
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Oil ends quarter up 14% on Iran, supply problems

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Oil rose on Friday to post the biggest quarterly gain since the beginning of 2011 as the growing threat of a disruption of Iranian exports added to supply concerns.
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BP claims US hiding evidence on spill size

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BP has accused the US government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issue in determining the oil company’s liability, a report said.
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Brent rises towards $123

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Brent crude rose towards $123 on Friday as investors bet on a tighter gasoline market in the world’s largest oil consumer during the peak summer driving season and on persistent worries of a supply disruption in the Middle East.
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Pennsylvania blast cause probed

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An investigation was ongoing into the cause of an explosion at a gas compressor station in Susquehanna County in north-east Pennsylvania on Thursday that could potentially affect production in the Marcellus Shale.
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Oil falls amid SPR release chatter

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Oil prices fell for a third straight session on Thursday, snapping key technical support after growing talk of a release of strategic petroleum reserves (SPR) by consumer nations spurred profit-taking.
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Brent steady on US stocks rise

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Brent crude held steady near $124 on Thursday as news of a surge in US crude inventories and Western nations’ talks on releasing strategic oil reserves offset supply disruption concerns over tension in the Middle East.
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