OFT says UK petrol market is working well

Motoring organisations have expressed disappointment after a study found drivers are paying fair fuel prices.

Falkland Islands liquid gas find commercially viable say explorers

British oil explorer Borders and Southern Petroleum said on Monday the development of its gas condensate discovery in the Falkland Islands was commercially viable.

Wall Street executives fret about talent drain

Jan 27 (Reuters) - As the titans of Wall Street banks gathered to network, gossip and consider the future of their beleaguered industry in Davos over the past week, one common worry emerged: who is going to take over when we leave?

Iraq Warns Exxon on Kurdish Deals Amid Plans for BP Development

Iraq’s oil minister asked Exxon Mobil Corp. (XOM) to stop dealing with Kurds if it wants to work with the central government even as he proceeded with plans for BP Plc (BP/) to develop fields in northern areas claimed by the Kurdish authorities.

Northeast Deep Freeze Causes Skyrocketing Natural Gas Prices

According to the U.S. Energy Information Administration , though the cold snap in the Northeastern United States is expected to ease over the weekend, the price of natural gas in New England and New York City is at its highest level all winter.

Exxon Mobil regains market-value crown from slumping Apple

NEW YORK (Reuters) - Exxon Mobil Corp has reclaimed its place as the largest U.S. publicly traded company by market value one year after losing it to Apple Inc, as shares of the technology giant extended their recent fall on Friday.

China firms to invest $2bn exploring shale gas reserves

China has stepped up its efforts to explore shale gas reserves as it looks to meet growing energy demand at home. It has awarded exploration rights on 19 shale gas areas to 16 firms.