* Prices up despite Iran saying OPEC output cuts unlikely
* Islamic State militia takes control of Iraqi city of Ramadi
* Saudi-led coalition resumes air strikes in Yemen
* U.S. rig-count drop slows, 2016 production to rise -Goldman
* Most producers need higher prices to balance budgets (Adds comment, updates prices)
Oil prices…
Oil producer EnQuest Plc said its output rose 20 percent in the first four months of 2015, topping 30,000 barrels per day for the first time thanks to strong performance at its Malaysian asset.The company, which specialises in maximising oil output from old fields that aren’t profitable enough for…
Oil prices were little changed on Friday but were set to end the week slightly higher, buoyed by a weaker dollar and forecasts for lower growth in U.S. crude output.U.S. crude is set to rise for a ninth week, which would be the benchmark’s longest winning streak since 1983….
Oil & Gas UK has announced a number of appointments of member company representatives to its board.
Enquest’s president Neil McCulloch has also been named as vice chair representative for the operator community.
Meanwhile board member Terry Savage, corporate relationship director for Global Energy Group, has been named as his counterpart…
Decisions will be made on two controversial fracking applications in Lancashire in late June, the county council has said.
Lancashire County Council’s development control committee had originally been due to make decisions in January on applications by shale company Cuadrilla to drill, frack and test gas flows at two sites…
