Gazprom Chief Executive Alexei Miller declared that a shortage of oil and gas investment means the sector will fail to meet demand when the international economy begins to recover. For full story, click here
Articles Tagged "sector"
Oil exploration companies have lost ground on the note that the government might put a cap on profits by imposing additional tax on the earnings of crude oil producers as a part of a transparent and sustainable subsidy-sharing system for the oil sector. For full story, click here
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Public sector oil refiners declared that they cannot honour their commitment to lift up to 0.7 million tonnes of Cairn India’s Barmer crude this year, till it finalises the price. For full story, click here
Public sector oil refiners declared that they cannot honour their commitment to lift up to 0.7 million tonnes of Cairn India’s Barmer crude this year, till it finalises the price, a petroleum ministry official said, requesting anonymity. For full story, click here
European stocks surged by mid-morning on Wednesday as gains in energy shares, boosted by higher crude and a new BG Group oil discovery, offset fresh fears over the health of the financial sector. Postbank equity strategist Heinz-Gerd Sonnenschein stated: The market seems to be cautiously optimistic, but I fear that this is a bit too [...]
President and CEO of Aramco, Mr. Abdallah S. Jum’ah said that the speculations are the major reason for fluctuation in the oil prices and it would take some time for the price stability. For full story, click here