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Oil prices rise following OPECs forecast on balanced market in 2016
2015-11-10 01:00:00| Offshore Technology
Oil prices increased on Tuesday following a forecast made by OPEC of a balanced market in 2016.
Crude oil prices rise due to expectations on oversupply
2015-11-06 01:00:00| Offshore Technology
Crude oil prices have increased after analysts said that the supply glut and a strong dollar would continue to put pressure on markets.
Oil prices gain due to increase in US inventory levels
2015-11-05 01:00:00| Offshore Technology
Oil prices have increased due to news that US inventory levels rose for a sixth week.
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Low oil and gas prices lead to big writedown at Chesapeake Energy
2015-11-04 22:32:47| Energy - Topix.net
Chesapeake Energy performed better than analysts expected during the third quarter even as a $5.4 billion writedown wiped out its profits and the sustained drop in energy prices means more writedowns are coming. Chesapeake posted a net loss of $4.7 billion, or $7.08 a share, compared with a profit of $662 million, or 26 cents, a year earlier, the Oklahoma City-based company said Wednesday.
Oil prices rise above $50 over Brazilian and Libyan supply concerns
2015-11-04 01:00:00| Offshore Technology
Oil prices have risen above $50 a barrel on Wednesday due to concerns over Brazilian and Libyan supply.
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