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News Archive for: March 2016

Oil prices rise in thin Asian trade after break:

Oil prices rose on Monday after a three-day break, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented, but volumes were thin as a number of markets remain on holiday for Easter.U.S. crude’s front-month contract CLc1 was up 50…

Crude oil falls for 2nd day as U.S. oil rig count rises:

Crude oil slid for a second session on Monday, falling further from last week’s 2016 highs on concerns over a supply glut after the U.S rig count rose for the first time since December.U.S. energy firms last week added one oil rig after 12 weeks of cuts, according to…

OGA outlines five-year corporate vision:

Industry regulator the OGA (Oil and Gas Authority) has outlined its corporate plan for the next five years.

The body will publish an update on its current position on an annual basis as it looks to maximise economic recovery from the UK North Sea.

Chief executive Andy Samuel said the OGA…

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