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BP Wins Eight Deepwater Exploration Blocks in Brazil Round 11

16/05/2013
BP and partners Total, Petrobras and Petrogal were yesterday named winning bidders for eight deepwater

U.S. to Surpass Russia as Largest Non-OPEC Oil Producer

16/05/2013
Thanks to a boom in domestic shale oil production, the U.S. is on pace to overtake Russia as the world’s

EU Oil Manipulation Probe Shines Light on Platts Pricing Window

16/05/2013
Two weeks after Royal Dutch Shell Plc (RDSA) and Platts changed the way more than half of the world’s crude

France Seen Pushing Oil Explorers Away on Lack of License Awards

16/05/2013
France’s failure to grant oil and gas exploration permits risks driving operators to other countries, a lawyer

Australian oil, gas industry slams proposed cash bidding system

16/05/2013
The Australian oil and gas industry has slammed plans announced by the Labor government of Prime Minister Julia

Oil Minister: Iran Still Holding 2nd Production Rank in OPEC

15/05/2013
Iranian Oil Minister Rostam Qassemi underlined that Iran is still the second largest crude producer in the Organization of Petroleum Exporting

Weak German growth drags oil below $94

15/05/2013
The price of fell below $94 on Wednesday after Germany, Europe's largest economy, reported anemic growth for the first quarter. Benchmark oil for June

MOL CFO Sees Average Brent Oil Price $100-$110 A Barrel in 2013

15/05/2013
Hungarian oil and gas company MOL Nyrt. (MOL.BU), Hungary's largest oil and gas firm by assets and market share,

Brazil gets strong bids at 1st oil, gas auction in 5 yrs

15/05/2013
Global energy companies were strong bidders at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government

Turkey's State Oil Company To Develop Oil Projects In Kurdistan With Exxon -Erdogan

15/05/2013
Turkey's state-run oil firm has struck an agreement with U.S. oil giant Exxon Mobil Corp. to develop joint

Brimming Oil Stockpiles to Keep Prices in Check

15/05/2013
Well-supplied global oil markets - highlighted by U.S. inventories at multi-decade highs - are expected to keep a firm lid on prices this week,

China Seen Boosting Emergency Oil-Storage Capacity, IEA Says

15/05/2013
China will probably commission additional storage sites for its strategic petroleum reserve this year, boosting crude demand even as

ConocoPhillips Highlights Progress on Plans for Production and Margin Growth at Annual Meeting of Stockholders

15/05/2013
ConocoPhillips is making significant progress on delivering its plans for growth in volumes

Three Oil Companies Raided in EU Price-fixing Probe

15/05/2013
European antitrust authorities raided the offices of at least three oil companies in three countries on Tuesday as part of an investigation into

Potential supply disruption fears help support high oil prices: IEA's Halff

15/05/2013
Concerns over further potential oil supply disruption from the Middle East and North Africa in the wake of the Arab Spring are helping

U.S. oil boom leaves OPEC sidelined from demand growth

15/05/2013
Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks

Brazil Oil Auction Gathers Drillers With Taste of Africa

15/05/2013
More than 60 oil companies are set to bid on exploration permits offshore Brazil, taking on risks of drilling in virgin waters after similar geology

Brent Oil May Fall to $96.75 on Elliot Wave

15/05/2013
Brent crude may drop below its April low of $96.75 a barrel as it completes a so-called Elliot Wave correction, according to technical analysis by CMC Markets.

Platts: OPEC pumps 30.5 million barrels of crude oil per day in April

15/05/2013
The Organization of the Petroleum Exporting Countries (OPEC) boosted crude output by 250,000 barrels per day (b/d) to 30.5 million

Supply shock from North American oil rippling through global markets

15/05/2013
The supply shock created by a surge in North American oil production will be as transformative to the market over the next five years as
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