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Shell moves futher in US shale gas market
Royal Dutch Shell plc continued building its portfolio in North America tight gas, with new positions in high potential US shale gas acreage, in the Marcellus and Eagle Ford plays, the company reported in a news release. Shell has agreed to … Continue reading
Oil prices hover around $70 despite stock market falls
Oil prices are trading under $70 mark on Wednesday as global stock markets fall amid European and Korean tensions hit commodity prices. WTI Light crude oil futures for July delivery dropped to $68.75 on the NYMEX, while in London yesterday, … Continue reading
Increasing role of China in the oil market
At present, China is the fourth largest oil producer in the world By MERLIN FLOWER for OIL-PRICE.NET, 2010/03/31 China, it seems, is everywhere. In what has become a routine, not a day passes without a mention of China in the … Continue reading
Oil prices slump on US stock market crash, Asia follows
Page added on May 7, 2010 Oil prices slumped lower in a heavy trading session on Thursday as the US stock market tumbled and on Friday, Asian markets and European markets are set to follow suit. US Light crude oil … Continue reading