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There was a glimmer of positive economic news from the US this week with encouraging manufacturing data. All eyes are still on the employment numbers as the sluggish jobless recovery has threatened to hamper consumer confidence.
Full story...The slow recovery in the global economy and particularly in the US is keeping oil prices stagnant. Despite hopes of increased demand a few weeks ago, the bulls are keeping quiet in this traditional holiday period. In early
Full story...The state of the global economy continued to disappoint the market this week and helped drag oil prices lower. Crude oil prices were at a six-week low, bucking the positive trend seen in recent weeks. In early trading on Friday,
Full story...Last year Central Petroleum was keen to promote the joint venture deals it had signed to help fund exploration of its portfolio of licences in the under-explored emptiness of Central Australia. This year, two of those farm-ins
Full story...The economy is still driving oil price sentiment and this week the data presented a bit of global doom. Analysts were hoping the global economy would pick up in the second half, but the realists are predicting a slow, sluggish
Full story...Investors hoping for a summer test of the gas potential of the waters off the coast of Sydney must be patient for a little longer. Drilling on either the Great White or Marlin prospects – the drilling location has yet to be
Full story...Australia’s Aurora Oil & Gas has thrown its hat into North America’s booming unconventional gas industry. It holds an interest in the Sugarkane gas and condensate field in Texas where it is currently working up reserves figures
Full story...It’s been a rocky couple of months for shareholders in Serica Energy, which has seen its share price suffer on the back of May’s Conan duster in the East Irish Sea and ongoing production problems at its Kambuna gas/condensate
Full story...A weak dollar and encouraging economic indicators gave strength to the oil price this week. The oil price is straddling the low dollar and the prospect of stronger equity markets and in recent months is emerging as the winner. In
Full story...Final preparations are being made at Scottish-based heavy oil enthusiast Xcite Energy in readiness for the drilling of the 9/3b-R pre-development well at the Bentley field in the North Sea next month. Although the coded name of
Full story...The company is still operating a long way from home, but Australia’s Elixir Petroleum has shown great determination and consistency in growing its business in Europe and the US. This includes the recent 100 per cent acquisition
Full story...The Q2 results from the world’s supermajors were dominated by the high profile problems at BP, which offset a record quarterly loss of US$17 billion against the departure of CEO Tony Hayward, who earned himself the title of “most
Full story...The energy industry delivered encouraging second quarter results this week as investors looked cautiously to American GDP figures. The dollar remained weak and stock markets in Asia were down at the end of the week. On Thursday
Full story...Shares in Po Valley Energy slumped in April when the ASX-listed Italian gas producer revealed an unexpected pressure drop at its flagship Castello gas field. The share price has yet to recover and was dealt a further blow on
Full story...The oil price continued in volatile territory this week, reacting to economic news, rising stockpiles and financial market uncertainty. While the economic recovery remains fragile we can expect oil prices to move on the slightest
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