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Platts Pre-Report Survey of Analysts’ EIA/API Estimates Suggests a Draw of 1.2 Million Barrels in U.S. Crude Oil Stocks

22/05/2013
U.S. commercial crude oil stocks likely slid during the reporting week ended May 17 amid further increases in

ConocoPhillips pulls back on plan to sell Canadian oil sands assets

22/05/2013
ConocoPhillips Co. is pulling back on plans to sell its Canadian oil sands assets after it exceeded its target for

Official: Marine-1 Drilling Rig to Start Operations in Phase 20 of South Pars Soon

21/05/2013
Marine-1 drilling rig is set to start drilling 12 wells in phase 20 of the South Pars gas field after completing its operations in

Investments in Azerbaijan's oil sector top $1.8bn in January-April

21/05/2013
Investments in Azerbaijan's oil sector amounted to AZN1,414,000,000 ($1,805,000,000 by the current

HPCL plans to restart Vizag crude unit in a month

21/05/2013
Hindustan Petroleum Corp. Ltd (HPCL), India’s third-largest state refiner, plans to restart a crude unit at its Visakhapatnam refinery on the country’s

WTI Crude Trades Near Seven-Week High as Stockpiles Seen Falling

21/05/2013
West Texas Intermediate crude traded near the highest price in seven weeks before U.S. government data that is forecast to show

Hedge Funds Boost ICE Brent Crude Net-Longs to Six-Week High

21/05/2013
Hedge funds and other money managers raised bullish bets on Brent crude to their highest level in six weeks, according to data from ICE

State May Cut Rosneft Holding to 51% Says Medvedev

21/05/2013
The Russian government may cut the state's holding in Rosneft, the nation's largest oil company, to 51 percent, Prime Minister Dmitry Medvedev said.

Economic growth feeds China's insatiable appetite for foreign oil

21/05/2013
China is the world’s most populous country and largest energy consumer. It is the second largest economy in the world. From 2001 to 2011, it

The crude reality of oil prices

21/05/2013
The bankers have finally got their revenge. Oil traders claim that influential bankers, furious that that their sector has been squeezed by regulators since the 2008 crash,

Oil trading all about profit with no easy fix for the system

21/05/2013
Raids of oil companies' offices by European investigators in a surprise investigation into price manipulation going back as far as 2002. Immediate,

Foreign oil companies have no plans to leave Algeria: minister

21/05/2013
Algeria's oil minister Youcef Yousfi said international oil companies had no plans to leave Algeria in the wake of the attack on the In Amenas gas

Petrobras Said to Struggle Pumping Oil at Iara Discovery

21/05/2013
Petroleo Brasileiro SA (PBR) is finding it hard to pump oil at one of Brazil’s largest prospects, three people with knowledge of the project said, signaling

Bernanke’s Testimony Critical to Oil Prices

21/05/2013
The U.S. dollar and its reaction to the Federal Reserve Chairman Ben Bernanke's Congress testimony on Wednesday will prove central for

Enron No Lesson to Traders as EU Probes Oil-Price Manipulation

21/05/2013
Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later,

Santos starts Western Australia oil project early

21/05/2013
Santos Ltd. Monday said it has started producing oil at its Fletcher Finucane project, offshore Western Australia

Indonesia offers 21 oil, gas blocks in bid to spur future production

21/05/2013
The 21 oil and gas blocks that Indonesia offered over the weekend might attract fewer investors than past

Azerbaijan’s oil output rises

21/05/2013
Oil refineries of Azerbaijan produced 1.693mln tons of oil products in January-April 2012.

ME heavy sour crudes trade at discount to OSPs on weak demand, low margins

21/05/2013
Medium heavy sour crude oils -- Upper Zakum and Qatar Marine -- have been trading at a discount to their

Kuwaiti oil sector receives major restructuring

21/05/2013
Kuwait Petroleum Corporation (KPC) amended its own structure and that of its subsidiaries on Monday,
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