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Oil price falls below $96 a barrel

20/05/2013
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal

'Iran to increase oil products swap volume by 30 percent'

20/05/2013
Managing Director of the National Iranian Oil Products Distribution Company (NIOPDC) says Iran plans to increase the volume of its oil products

South Pars gas field to attract $16b in fiscal year

20/05/2013
Some $16 billion will be invested in Iran’s South Pars gas field in the current Iranian calendar year, Pars Oil and Gas Company Managing Director Mohammad-Reza Zohairi said.  

Afghanistan starts first commercial oil production in July

20/05/2013
The first commercial oil production in the history of Afghanistan is expected to be launched in northern Afghanistan within the next two

PSO to set up refinery to help meet energy needs

20/05/2013
The Pakistan State Oil’s (PSO) efforts to set up state-of-the-art oil refinery in Khyber Pakhtunkhwa, having capacity to process 40,000 barrel per day would go a long way

Where Are Oil Prices Headed In 2013?

20/05/2013
It was widely speculated that oil prices in 2013 would be impacted by many of the same concerns of 2012. And oil prices are reflecting this, having dipped to below $100 a

OPEC’s renewed challenge

20/05/2013
The Organization of Petroleum Exporting Countries (OPEC) meeting later this month could represent a landmark in terms of how the group will prepare to handle

Saudi Arabia on U.S. oil boom: Bring it on

20/05/2013
The U.S. oil boom is good news for Saudi Arabia, the head of the kingdom’s giant oil company told the Financial Times. It has helped ease fears about global reliance

China oil demand down 12 pct in 4 mths? No way: Clyde Russell

20/05/2013
The decline in China's implied oil use in April to an 8-month low, coupled with flat crude imports, gives the impression of weak demand,

How to invest in the U.S. oil ‘supply shock’

20/05/2013
The International Energy Agency said last week that a “supply shock” will essentially change the way the oil market works — and with change come

Enhanced recovery will anchor oil prices below $100: Kemp

20/05/2013
Enhanced oil recovery (EOR) techniques could boost U.S. domestic oil production by 4 million barrels per day for 50 years, while storing

PLATTS ANALYSIS: China's Apr crude stockbuild rises to 446,000 b/d after 5-month drawdown

20/05/2013
China experienced a surplus of crude supply, excluding barrels to its refining system, in April following five

Oil-price manipulation: the next Libor?

20/05/2013
Some of the world's biggest oil companies may have a new mess on their hands.

Oil companies target America for investment

20/05/2013
Here's an intriguing switch in the energy market: U.S. oil firms have been selling off their assets overseas and

Platts clashes with global watchdog over oil price row

20/05/2013
The price reporting agency at the centre of the European investigation into allegations of oil price fixing

Shale boom challenge to Opec power balance

20/05/2013
Surging demand for oil from emerging markets will increasingly be met by non-Opec supply, according to the

Total CEO Says He Doubts Probe Will Uncover Oil-Price Fixing

20/05/2013
Total SA (FP)’s chief executive officer said he would be “very surprised” if a European investigation uncovered

Venezuela oil basket falls $1.62 to $100.35/b this week: ministry

20/05/2013
The average price of Venezuela's oil basket fell $1.62 to $100.35/barrel for the week of May 13-17, the country's

US shale boom to send ‘shockwaves’ in global oil trade

20/05/2013
The world has changed — and so has the global energy dynamics. The shale gas and tight oil revolution —

How to manipulate oil price assessments: Campbell

20/05/2013
The vulnerability of physical crude price assessments to manipulation is an open secret within the oil industry.
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