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Oil prices rise due to fall in US crude stocks and low Chinese output

2016-10-19 01:00:00| Offshore Technology

Oil prices have increased by around 1% following a fall in US crude stocks and low production in China.

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Oil prices rise as Indian crude imports increase

2016-10-12 01:00:00| Offshore Technology

Oil prices have increased due to a rise in Indian crude imports and following discussions between Organisation of the Petroleum Exporting Countries (OPEC) producers and other exporters to cut production to help end global oversupply.

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Sunoco Logistics Partners acquires Vitols Permian Basin crude oil system in West Texas

2016-09-28 01:00:00| Hydrocarbons Technology

Sunoco Logistics Partners has signed an agreement for the strategic acquisition of Vitols Permian Basin crude oil system in West Texas for approximately $760m.

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Report: Low crude oil prices to continue to impact capex spending on planned projects

2016-09-23 01:00:00| Offshore Technology

Capex spending on planned oil and gas projects is expected to fall further due to low crude prices, with estimated decreases from $299.2bn in 2016 to $167.61bn by 2020, according to a GlobalData report.

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Oil prices rise as US crude stocks drop

2016-09-21 01:00:00| Offshore Technology

Oil prices have increased by more than 1% following a fall in US crude stocks and striking oil workers in Norway.

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