News Archive for: June 2015

Crude prices were virtually unchanged in early Asian trade on Wednesday as firm demand met strong output, with the market waiting for US storage figures later in the day.Front month US crude was trading at $60.05 per barrel early on Wednesday, up 8 cents from its last settlement. Brent…

Oil prices fell in volatile trading on Monday as the Greek debt crisis raised concerns about demand for petroleum in Europe and as the US started talks to try to bring peace to Yemen, where Opec heavyweight Saudi Arabia is involved in a civil war.Expiring front-month July Brent fell…

Proposals for fracking for shale gas at a site in Lancashire should be approved, planning officers have recommended.

Lancashire County Council has published reports with recommendations on planning applications from shale company Cuadrilla to develop two new sites between Preston and Blackpool to explore for shale gas by drilling, fracking…

Oil futures dipped on Thursday after Saudi Arabia said it was ready to raise output further to meet strong demand.U.S. crude prices hit a high of $61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a strong U.S. stock drawdown lifted the market.

But…

Figures from the ONS (Office of National Statistics) show UK industrial production rose more than economists originally forecast in the month of April as oil and gas output surged.

Total production increased 0.4 percent from March, the Office for National Statistics said in London on Wednesday. Economists in a Bloomberg…