Oil & refined products
BP’s oil spill to tighten global oil supply - report
BP’s Gulf of Mexico oil spill will tighten global oil supply as US oil production is set to wane, following expectations the disaster will lead to stricter regulation and closer scrutiny of drilling operations in the US, say Barclays Capital
Moody’s boosts Petronas rating on Iraq exposure
Rating agency gives a surprise boost to Malaysian oil company Petronas’s credit rating from negative to stable, despite the company’s substantial acquisition of an Iraqi oil field with Royal Dutch Shell
China unveils major oil and gas plan
China’s seemingly insatiable appetite for energy production and consumption reaches new levels as the country unveils plans to increase oil and gas production by a third by 2020
Iraq's oil minister calls for swift action on contracts
Iraq calls on foreign energy companies, such as BP, Eni and China National Petroleum Corporation (CNPC) to move swiftly to implement their recently awarded contracts
Events force IEA to recalibrate oil assessment methods
The International Energy Agency says game changing events including sovereign debt issues, China’s oil demand and the BP Gulf of Mexico oil spill have forced it to revise the way it assesses oil markets
Knock-on effects of US drilling ban could be long-lasting
What longer-term implications could the moratorium on new drilling in the Gulf of Mexico have on production costs and supply amid uncertainty over new regulations asks Pauline McCallion
European refineries face difficult times
European refining has been in the doldrums for the last few years. Alex Davis looks at the outlook for Europe’s refiners and at how this will affect hedging strategies
IEA warns over medium-term global crude oil markets
Despite improvements in investment outlook since 2009, the IEA still has reservations about supply concerns in the next five years
Analysts quell crude supply fears from Gulf of Mexico spill
The effect on global crude supply in the short-term from the BP spill will be minimal, although production costs will rise, say analysts
New contract capitalises on Canadian heavy crude growth
A Canadian heavy crude oil contract launched this week will help oil market participants to exploit expected production growth in heavy crude from Canadian oil sands
China to continue to drive global oil demand growth
Chinese oil appetite will account for almost half of global oil demand growth in the next five years but could be limited by the debt crisis in OECD countries
Oil outlook revised down
Oil prices are not expected to top $100/bbl in 2010 as energy sector participants pare down their 2010 forecasts in light of supply issues
Exclusive Credit Suisse video: energy price outlooks
Crude oil prices will stay range-bound over the next three years, due to substantial Organization of the Petroleum Exporting Countries (OPEC) spare capacity, growing global demand and significant financial flows, says Credit Suisse’s head of global…
Interview: Crescent Petroleum's Majid Jafar
Iraq is being hailed as a major new source of oil supply in the coming years but Crescent Petroleum Group’s Majid Jafar tells Lianna Brinded how the Iraqi government’s heavy involvement in energy companies is holding back progression
Singapore's SMX WTI contracts seen struggling against NYMEX and ICE
The Singapore Mercantile Exchange WTI contracts, which offer a WTI contract throughout the Asian time zone, are unlikely to challenge Nymex and ICE, say market players
Oil market outlook: prices seen nudging higher
Despite recent falls in the oil price, most analysts see prices rising in the second half of the year, with spikes to $100 a barrel not ruled out, finds Lianna Brinded
Kuwait OPEC Minister: Oil price to drop to $60/bbl
Kuwait’s Organisation of the Petroleum Exporting Countries (OPEC) oil minister says oil prices are set to fall further amidst continuing concerns over the global economic recovery
Global crude benchmark WTI is flawed, according to expert
The global oil industry is increasingly turning away from WTI as a physical price benchmark, says industry consultant
Shell builds shale assets despite environmental concerns
Shell's $4.7 billion shale assets purchase today flies in the face of industry concerns about the impact of tighter regulations on future production
Cautious outlook from oil experts at industry event
A sharp increase in oil demand from non-OECD countries will compensate for peaking demand in OECD area
Markets give backing to WTI as oil benchmark
Strong Q2 trading volumes reassert WTI's place as global pricing benchmark
Credit Suisse: Oil range-bound for next three years
Crude oil prices will stay range-bound over the next three years, due to substantial Organization of Petroleum Exporting Countries (OPEC) spare capacity, growing global demand and significant financial flows, says Credit Suisse’s head of global…
Matthew Simmons: Oil markets face ‘Pearl Harbour’
The oil market is facing its own ‘Pearl Harbour’, as a number of factors, ranging from supply tightness, operational disasters such as the BP’s Gulf of Mexico oil spill, ageing refining capabilities and a diminishing oil sector workforce push the sector…