Oil predicted to remain under $40 per barrel for 2016
29/01/2016 by Mark
According to The World Bank, oil prices are expected to stay under $40 (£27.85) per barrel throughout this year. Speaking on Tuesday, The World Bank cut its
“Not impossible” for oil to fall as low as $10 per barrel, says BP chief
26/01/2016 by Mark
The boss of British oil company British Petroleum (BP) has made waves by commenting that the price of oil could fall as
First U.S. tanker reaches European shores
23/01/2016 by OilStoreAdministrator
The first American oil tanker to navigate from the United States, following the lifting of restrictions on the
Saudi Oil Minister optimistic of rise in crude oil prices
21/01/2016 by OilStoreAdministrator
Ali Al-Naimi, the Saudi Oil Minister, has stated his belief that crude oil prices will rise. He also foresees that in time, there will be renewed stability in the oil market, due to market forces…
Premier Oil sets sights on Eon’s North Sea assets
18/01/2016 by Richard
Premier Oil is currently in advanced talks with a view to acquiring German energy company
Shell-BG merger hits a snag
14/01/2016 by OilStoreAdministrator
Royal Dutch Shell, the maker of Shell Tellus S2 M 32, has been dealt a blow in its plan to acquire BG Group. On Friday, January 8, one of the
U.S. restarts oil exports
11/01/2016 by Richard
Last Thursday, January 7, the United States made its first crude oil export in 40 years. Oil exports from the country
Major investor slashes BG stake
08/01/2016 by Richard
A global oil investor cut its stake in BG Group by more than half in December 2015, leading to increased speculation about the attitude of shareholders regarding the planned takeover of the British oil company…
Oil prices surge as Middle Eastern tensions rise
05/01/2016 by Mark
The beginning of 2016 saw a surge in oil prices, as the relationship between major oil players Iran and Saudi Arabia deteriorated. The strain in relations between the
Egypt increases oil imports from Kuwait
02/01/2016 by Richard
Kuwait Petroleum Corporation, the manufacturer of Q8 Dynobear 32, has agreed to supply around 500,000 barrels of crude oil to Egypt each month. This extra crude oil will be
Oil prices could drop as low as $20
29/12/2015 by OilStoreAdministrator
A major global forecast on the state of the oil market has predicted that oil prices will continue to fall, and that they could even drop to $20 (£13.44) per barrel. According to a
Brent prices fall spectacularly
26/12/2015 by OilStoreAdministrator
Brent Oil prices have fallen to levels we have not seen since 2004, with both WTI and Brent benchmarks losing a minimum of 35% since the beginning of 2015 alone. Brent prices for front-month February…