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Tax relief, high oil prices boost drilling activity on UK Continental Shelf

2013-01-18 01:00:00| Offshore Technology

Drilling activity on the UK Continental Shelf (UKCS) improved by one-third in 2012, driven by a broader range of tax allowances announced by the British Government and sustained high oil prices, according to a new study.

Tags: high prices activity tax

 

Today's oil prices surge over US demand optimism and restricted inventory growth

2013-01-16 01:00:00| Offshore Technology

Oil prices gained today in response to increasing optimism for stronger consumer demand, driven by strong retail sales in the US last month, and due to a restricted rise in oil inventories.

Tags: prices growth oil demand

 
 

Oil Prices Expected To Bump Upward In Second Half Of 2013

2013-01-15 18:45:00| OGI

Morgan Stanley analyst cautions investors not to become overly bearish.

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Today's oil prices plummet on political deadlock over US debt ceiling

2013-01-15 01:00:00| Offshore Technology

Oil prices plunged today, after the US failed to reach an agreement on the debt ceiling and due to a predicted rise in the country's oil inventory, which put pressure on prices.

Tags: prices political oil debt

 

Todays oil prices jump on Middle East supply concerns, economic optimism

2013-01-14 01:00:00| Offshore Technology

Oil prices gained today, due to a recurrence of supply concerns from the Middle East region and due to rising confidence that the world's biggest economies are gradually moving towards a stable recovery.

Tags: jump prices east middle

 

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