News
Global supply squeeze to ease with China/Saudi ties
The global oil supply tightness forecast for the next five years due to increasing Asian demand might be eased by China’s latest move to promote closer ties and secure more imports from Saudi Arabia, say analysts.
US shale extraction technique under investigation
US oil and gas shale production - seen as a vital contributor to US energy needs - is under investigation due to environmental fears over extraction techniques.
Icap Energy head: Oil broking screen a response to "regulatory times"
Interdealer brokerage Icap Energy will launch a combined voice-electronic broking service for over-the-counter (OTC) crude, fuel oil and middle distillate swaps, subject to regulatory approval. The service, entitled Icap TrueQuote, will offer straight…
Some CERs “not sexy” enough for investors: carbon industry heavyweight
Certified emissions reduction (CER) credits generated from clean development mechanism (CDM) projects, such as Chinese wind farms, are just “not sexy” enough for investors at the moment and they are looking to other regions like Africa, says Liz Bossley,…
Mitsui in US shale joint venture
Anadarko Petroleum Corporation has announced details of a joint-venture agreement with Mitsui E&P USA, a subsidiary of Japan’s Mitsui & Co.
Oil majors go solo with emissions campaign
BP and ConocoPhillips will not renew their respective memberships of the US Climate Action Partnership (USCAP), announcing separate plans to engage policymakers as individual organisations.
Oil price of $70-80/bbl expected in 2010
Oil prices are expected to remain between $70 and $80 per barrel (bbl) this year, according to a consensus of industry experts speaking at the IP Week conference in London.
Iraq's capacity puts pressure on oil prices
The recovery of Iraq’s oil industry is putting downward pressure on global oil prices as the ability of the world market to absorb the extra capacity might be limited, say oil experts.
