World news

Oil prices climb ahead of U.S. inventories data

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Thursday, 25 July 2013 15:05
Oil prices rose slightly Tuesday as the market awaited U.S. crude supplies data of last week. U.S. crude stockpiles data are due Wednesday. Inventories may have decreased for a fourth week, the longest stretch of declines since August.

Azeri first-half oil output drop slows as BP stems ACG decline

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Saturday, 20 July 2013 10:16
Azerbaijan's oil production decline slowed in the first half of the year after BP Plc (BP) halted an output slump at the country's largest deposit.

Russian Gazprom to sign agreement on purchase of Kyrgysgaz by August

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Thursday, 18 July 2013 11:13
Russian Gazprom will sign agreement on purchase of all assets of Kyrgyzgas within 10 days, Director General of KyrgyzGas Turgunbek Kulmurzayev said at the press-conference in Bishkek on Wednesday, RIA-Novosti reported.

Oil trade: Difficulties and opportunities

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Tuesday, 16 July 2013 11:22
 A typical downturn cycle for demand for OPEC oil has already started this year and is expected to intensify next year. That will bring with it not only the usual bitter quarrels between the organization's member states on the tough issues of production discipline, but also how other producers will react to safeguard their own interest and help keep prices relatively high and stable.

Caspian CPC crude August exports to fall by 9.7% from July

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Monday, 15 July 2013 11:40
 The Caspian Pipeline Consortium, operator of the only oil-export link in Russia that has shared foreign ownership, will cut daily crude exports from the Black Sea in August by 9.7 percent, a preliminary loading program obtained by Bloomberg News showed.

Study finds big earthquakes can trigger tremors at U.S. oil and gas sites

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Sunday, 14 July 2013 10:00
Large earthquakes around the world have been found to trigger tremors at U.S. sites where wastewater from gas drilling operations is injected into the ground, a U.S. study said Thursday.

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