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Breaking: Oil Hits $60 Per Barrel

Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a nearly three per cent weekly...

Oil Price at Seven Month Low

A renewed slump in oil prices to seven-month lows dragged down world stocks and long-term bond yields on Wednesday, as bets that global inflation and interest...

Shell shuts Bonga oil field

Shell Nigeria Exploration and Production Company (SNEPCo) has halted production at Nigeria’s Bonga oil field. The exercise, which commenced on March 4, was put...

First US shale gas arrives in UK

The first shipment of US shale gas is arriving in Scotland amid a fierce debate about the future of fracking in the UK. A tanker carrying 27,500m3 of ethane...