Dragon Oil share price rises as it shrugs off global oil price rout maintaining investment spend as production rises July 14, 2015 Dragon Oil has said it maintained capital expenditure and increased oil production in the six months to June, in the face of a global oil price rout that's forced a number of similar companies to cut investment spending. Read more: Dragon Oil shareholders breathing fire over £3.7bn ENOC takeover bid But shares in the Turkmenistan-focused oil [...]
Oil prices drop as nuclear deal with Iran looms July 13, 2015 Oil prices were stuck below $60 yesterday and with an Iranian nuclear deal in the offing could fall further again in the near future. Talks between Iran and Western powers were due to end last night, and officials said yesterday that a deal aimed at ending sanctions on the Middle Eastern country in return for [...]
Oil prices still haven’t hit rock bottom, says International Energy Agency, even after Brent crude falls below $60 per barrel July 10, 2015 Global oil demand will slow in 2016, the International Energy Agency (IEA) has predicted in its latest monthly report. The world’s leading energy forecaster warned rebalancing of supply and demand in oil market has “yet to run its course”. Oil prices have fallen 60 per cent in the past year, with US benchmark WTI trading [...]
International Monetary Fund predicts weaker UK growth in 2015 as lower oil prices and Greek uncertainty take their toll July 9, 2015 The International Monetary Fund (IMF) has lowered its UK growth forecast to 2.4 per cent in 2015, down from 2.7 per cent in April. In 2016, growth will fall to 2.2 per cent, 0.1 percentage points lower than it originally predicted, the IMF said in an update to its World Economic Outlook released today. It [...]
Premier Oil share price up despite falling oil price hitting sales July 9, 2015 The figures Shares in North Sea oil giant Premier Oil were up 1.6 per cent at 139p in early trading, despite a trading update showing falling oil prices and lower production had hit the company hard, with first-half results posted in August expected to show revenues fell 34 per cent to $580m (£377m) in the six months [...]
Oil price drops to three-month low on worries over Eurozone July 6, 2015 Oil prices fell below $60 a barrel yesterday, as the shockwaves from the Greek “no” vote pushed prices further down. Yesterday marked the first time since April that internationally traded Brent crude fell so low, at one point dipping to as little as $56.50 a barrel. US benchmark West Texas Intermediate was also trading at [...]
Brent crude oil price falls as selloff deepens July 6, 2015 The global benchmark brent crude slipped 6.3 per cent to $56.54 per barrel today, below the 100-day average, amid the Greek debt crisis and continued turmoil in China's battered stock markets. The selloff deepened from earlier today, when prices collapsed below the $60 per barrel mark for the first time since mid-April, hitting $58.89 per barrel. Read [...]
Brent crude oil price falls below $60 for first time since April July 6, 2015 Oil prices have fallen below $60 a barrel, as the shockwaves from the Greek "no" vote push prices further down. This marks the first time since April that internationally traded Brent crude falls so low, down $1.42 to $58.89 a barrel. US benchmark West Texas Intermediate is also trading at a three-month low, down to [...]
BP share price rises after it reaches $18.7bn settlement with US over Gulf of Mexico oil spill July 2, 2015 Shares in BP pushed higher this afternoon after it agreed to pay $18.7bn (£12bn) in damage claims over 18 years to the US government and five states over the 2010 Gulf of Mexico oil spill. The explosion and spill over five years ago killed 11 workers and spewed oil into the Gulf of Mexico for nearly three [...]
“Gatwick Gusher” firm UK Oil & Gas share price rises as it extends Isle of Wight exploration license June 15, 2015 Shares in UK Oil & Gas (UKOG), the oil exploration company whose shares rocketed earlier this month after it suggested the amount of oil at its Horse Hill well near Gatwick was almost twice as much as previously thought, jumped 4.2 per cent to 2.37p as the market opened, after it was granted a year-long [...]