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Crude oil prices drop due to strengthening dollar
2015-06-01 01:00:00| Offshore Technology
Prices of crude oil dipped on Monday due to an increase in the dollar value anticipation that the Organization of the Petroleum Exporting Countries (OPEC) countries will be keeping production high.
Oil Search says low prices to stay
2015-05-30 05:11:38| Energy - Topix.net
Oil Search boss Peter Botten has warned oil prices are likely to stay low for the next five years, putting up to $5.5 trillion worth of projects around the world at risk. Mr Botten said the rise of US shale producers, combined with OPEC countries' determination to preserve their market share meant it would be difficult for oil prices to rise significantly above their current levels.
Oil Search says low prices to stay
2015-05-29 09:50:59| Oil & Gas - Topix.net
Oil Search boss Peter Botten has warned oil prices are likely to stay low for the next five years, putting up to $5.5 trillion worth of projects around the world at risk. Mr Botten said the rise of US shale producers, combined with OPEC countries' determination to preserve their market share meant it would be difficult for oil prices to rise significantly above their current levels.
Crude oil prices rise due to dip in US inventories
2015-05-29 01:00:00| Offshore Technology
Crude oil prices on Friday increased around 1% following a decline in the US inventories for a fourth straight week.
Oil prices improve due to weaker dollar
2015-05-28 01:00:00| Offshore Technology
Oil prices have improved after the dollar value dipped, making fuel cheaper for buyers in other currencies.
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