Crude oil
A turning point for crude oil indexes
In the year since major producers in Saudi Arabia and Kuwait adopted the Argus sour crude index (ASCI) as a pricing benchmark for their imports into the US, Alex Davis examines the impact the new benchmark has had on global oil pricing mechanisms
IEA: BP’s oil spill threatens future supply
The International Energy Agency (IEA) expresses major concerns over future oil supply, as new regulations threaten to tighten deepwater drilling, following BP’s Gulf of Mexico oil spill
Nigerian political stability boosts oil production
Nigeria’s crude oil production is on the up, after geopolitical stability hints at consistent growth, says the NNPC
US puts Canadian pipeline decision on hold
The US Department of State has extended an inquiry into a major crude oil pipeline expansion that could transport 1.1 million barrels per day from Alberta, Canada, to refineries on the US Gulf Coast
Q&A: Dr James Markowsky, US Department of Energy
Dr James Markowsky, assistant secretary for fossil energy at the US Department of Energy, speaks to Pauline McCallion about clean coal technology, managing the strategic petroleum reserve and creating a diverse US energy portfolio
Statoil stung by hedging derivatives losses
Norwegian oil and gas giant Statoil's results are hit by major losses on hedging derivatives in spite of a rise in profits and production
BP oil spill to boost alternative energy - fund manager
The fallout from BP's Gulf of Mexico oil spill will act as a boost for the alternative energy sector, says exchange-traded fund manager ETF Securities.
Exclusive: Lloyds to seal raft of Norway energy deals
Lloyds Banking aggressively pushes into Norway with a range of energy financing deals for exploration and production (E&P), prepares to expands its Houston oil & gas team and looks at the European shale gas business
Time to consider electronic trading for oil markets
The oil markets have stubbornly resisted electronic trading for 10 years. Alex Davis finds out if this is about to change
Nigerian official says oil exports not at risk
Nigeria’s oil minister has dismissed market reports that the country’s oil supply will dramatically tighten following insolvency rumours and major plans for offshore drilling
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
Commodity markets face hedging activity boost
With commodity market conditions seemingly ripe for consumer hedging, Lianna Brinded looks at whether there has been a recent uptick in consumer hedging activity
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
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
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
EXCLUSIVE VIDEO: Shell Energy chief on market challenges
Mark Quartermain, president of Shell Energy North America (US) talks exclusively to Lianna Brinded about major market challenges in oil, gas and carbon markets.
Carbon trading to rival crude markets: CCX head
Carbon trading set to become the biggest commodity market in the world
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…
IEA cuts global oil demand for 2009 and 2010
The International Energy Agency (IEA) slashes global oil demand for 2009 and 2010, following questions over the health of the global economy, weaker-than-expected data from Asia and the Middle East, and repercussions from the volcanic ash cloud and the…
Iraq seals oil deal with Kurdistan
The Iraqi government has resolved the longstanding oil dispute with Kurdistan, signalling a short-term increase in oil exports, while the prospect for a petroleum law, which would detail revenue and expense allocations for foreign energy companies in…
BP’s Gulf of Mexico oil spill to affect EU shale gas projects
BP’s Gulf of Mexico oil spill will lead to approval and production delays in the European shale gas industry as governments crack down on environmental safety regulations.