News Archive for: June 2015

Councillors will meet today to discuss plans to frack for shale gas.

Energy firm Cuadrilla wants to develop two new sites between Preston and Blackpool to explore for shale gas by drilling, fracking and testing the flow of gas.

A report from Lancashire County Council planning officials recommended that one of…

Hedge funds reduced both bullish and bearish bets on oil for a fourth week as rising OPEC output was met with forecasts for a contraction in U.S. supply.

Money managers trimmed their short wagers in West Texas Intermediate oil by 4.3 percent and long bets by 0.2 percent, leading to…

Oil eased below $64 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand.Greece has been less of a driver for oil than other markets such as equities, but analysts said…

Oil prices slipped on Thursday after U.S. government data showed gasoline stocks and distillate inventories rose last week, although the falls were checked by continuing Middle East geopolitical tensions and a weaker U.S. dollar.U.S. July crude lost 42 cents to $59.50 a barrel as of 0619 GMT after falling…

Britain should embrace fracking or be condemned to higher energy bills and fewer jobs, George Osborne has said.

The Chancellor also insisted he did not want to be part of a generation “that says all the economic activity was happening somewhere else in the world” as he reiterated his support…