Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the US driving season.Front-month Brent crude prices had gained 2 cents to $65.39 per barrel early on Monday. US crude prices were up 14 cents at $59.86 a barrel.
“Global oil demand continues to surprise…
Oil prices edged down on Friday after rising more than 2% in the previous session, buoyed by lower US crude inventories and geopolitical tension in the Middle East.
US crude futures are in their longest winning streak since records began in 1983, helped by a drop in crude and product…
* China May HSBC flash PMI shrinks to 13-month low
* U.S. crude stockpiles fall for 3rd week – EIA
* Consensus remains that market is 1.5-2.5 mln bpd oversupplied (Adds EIA data, China PMI, quotes and updates prices)
Oil edged up on Thursday, supported by a drawdown in U.S. crude inventories…
Oil’s rebound and more certainty around company valuations are keys to driving mergers and acquisitions activity next year given the pent-up demand for deals, bankers said Tuesday at an energy forum in Houston.
“The dam will break at some point,” Stephen Trauber, vice chairman and global head of energy at…
EnQuest, an independent oil and gas company based in UK, has said that its Alma/Galia project in the North Sea remains on schedule for first oil in mid-2015.
In its first quarter status report, the company’s CEO, Amjad Bseisu, revealed that the Enquest Producer Floating Production, Storage and Offloading (FPSO)…
