Reuters reported that Britain plans to create a new oil and gas regulator in order to help exploration companies in the United Kingdom "speed up their search" for the fuels. The move was prompted by "plunging North Sea production rates."
Articles Tagged "Oil Market News"
In a recent special energy report, U.S. Global Investors looks at the state of the U.S. energy market and elaborate on the ways that investors can benefit.
Business Times reported that the price of Brent crude rallied on Monday, climbing more than US$1 to over US$107. The rebound comes after oils biggest weekly fall in six months, following news of a restart of a key Libyan oilfield.
MarketWatch reported that crude oil prices are down 3 percent, to $95.44, in New York.
A joint review panel has recommended that the Canadian federal government approve the Northern Gateway pipeline being proposed by Enbridge (NYSE:ENB,TSX:ENB).
The Vancouver Sun reports that British Columbia and Alberta have agreed to a framework Tuesday that they say opens the possibility of heavy oil pipelines being built to the B.C. coast.
The Vancouver Sun reported that a group of First Nations in British Columbia is asking to the United Nations to investigate the actions of the provincial government on the proposed Northern Gateway pipeline.
Saxo Capital Markets has a look at the major triggers for oil prices that investors should note with the ongoing crisis in the Middle East.
Reuters reported that oil and gas firms have been cutting back on investments in order to improve profits and save cash for dividends.
Bloomberg reported that the Brent crude prices have slipped for the third day this week, touching its lowest price in three weeks. WTI for July delivery was down $1.61 to $92.67 a barrel.