Wednesday, August 15, 2012

Brent steady above $113 ahead of key Europe, U.S. data

SINGAPORE (Reuters) - Brent crude held steady above $113 per barrel on Tuesday as investors awaited economic growth data out of Europe to gauge the region's energy demand outlook, while escalating tensions in the Middle East supported prices.

Monday, August 13, 2012

Questor shares tip: Genel is a speculative buy

Genel, the oil investment vehicle headed by Tony Hayward, the former chief executive of BP, has been unloved by the stock market.

Sunday, August 12, 2012

Iraq oil production surpasses Iran

NEW YORK (CNNMoney) -- Oil production in Iraq surpassed that of its regional rival Iran last month, highlighting the impact of continued investment in Iraq and Western sanctions on Iran.

Saturday, August 11, 2012

China oil, iron ore imports slow in July with economy

SHANGHAI (Reuters) - China's imports of crude oil sank in July to a nine-month low and those of iron ore fell for the fourth time in five months as refineries and steel mills cut output due to slackening demand as growth in the world's second-largest economy sputtered.

Friday, August 10, 2012

BP, Total to join TAP pipeline project

PARIS: Energy giants BP and Total and Azerbaijan's state company Socar have signed on to help fund a projected gas pipeline linking Greece with Italy, the Trans Adriatic Pipeline (TAP) consortium said Thursday.

Thursday, August 9, 2012

Oil futures mixed after surge on U.S. stock draw

NEW YORK (Reuters) - Oil futures turned mixed in late trading on Wednesday after leaping to three-month highs on U.S. government data showing a sharp drawdown in domestic crude stockpiles last week and amid worries about lower North Sea oil production.

Wednesday, August 8, 2012

Nuclear energy wild card in Japan poll which Democrats likely to lose

(Reuters) - Growing Japanese opposition to nuclear energy after the Fukushima disaster will be a wild card in a general election many expect within months, but politicians on both sides of the aisle agree on one thing: the Democratic Party is likely to fall from power just three years after its historic landslide win.