Ukrgazdobycha company intends in June to announce a tender for a contract to supply deep drilling rigs. The company’s first deputy chairman of the board, Boris Sinyuk told the journalists, "Pre-tender work is completed: we found five companies able to
Ireland is ''sleepwalking its way into a crisis’’ after oil prices rose to $135 a barrel, according to a leading oil analyst at Bank of Ireland. Paul Harris, head of natural resources risk management at the bank, called on the
NEW YORK (Dow Jones)--If there were such a thing an oil futures market archeologist, the December 2008 Nymex crude contract would be the perfect specimen to study to retrace the seismic shift in oil markets. Etched in each trade since
Good news: Oil dropped 1.8 percent Thursday. Bad news: It was back up on Friday. Trading above $130 crude is up 15 percent for the month and 36 percent for the year. Just in time for driving season....
Investing in commodities has been a brilliant move in this decade -- so brilliant that the strategy has attracted untold numbers of large and small players, particularly in the last few years. What do you suppose all of their buying
Take away Exxon Mobil, Chevron and ConocoPhillips, and profits at U.S. companies are the worst in at least a decade. Without the $70 billion that oil producers earned in the past two quarters, profits at companies in the Standard &
Dubai: Something must be changing: Afghan poppy growers are dumping opium to grow wheat. Markets are now gripped by a new phrase: "Agriflation" (rising food prices), and all around, clear evidence of seismic changes are afoot as investors adapt to
A HOUSING slump across America; a global credit crisis; crashing banks and tumbling house prices; a food price spike, growing fears of recession, and now, just when you thought the news could not get worse, a new oil price super
Bloomberg) -- Petroleos Mexicanos, the state-owned oil company, said April crude production fell the most in more than 12 years as output at its largest field declined faster than the company forecast. Crude oil production fell 13 percent to 2.767
Inquiry will examine 'narrow margin' in 2012 The International Energy Agency has ordered an inquiry into whether the world could run out of oil, The Observer has learnt. It will consider whether fears about global shortages are real. Observers say
Founder's family says 'enough' to unhealthy profits No doubt the Exxon Mobil annual shareholders' meeting on Wednesday will open with great fanfare celebrating last year's $40 billion in profits, and all the company is doing to make the world a
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The invasion of Iraq by Britain and the US has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone. The oil economist Dr Mamdouh Salameh, who advises
Soaring food prices are threatening to inflict widespread ecological damage on the countryside, as farmers abandon environmentally friendly schemes that have improved much of the landscape. Government-backed environment schemes (ELS, or entry level stewardship) are having to compete with market
Retail investors have joined a raft of hedge funds and pension funds in making millions of pounds by cashing in on the oil crisis. Thousands of individual investors have piled into oil futures and have made as much as 200
Now you see it. For most of the last year, the world has been living through an invisible crisis. The ravaging of the banking system, painful though it has been for shareholders in the grandes dames of Wall Street and
A trader has made an estimated £100m from gambling on the rise in oil prices. Andrew Serotta made the killing for his employer Vitol, a Swiss trading company, when he bought 40,000 oil futures contracts nine months ago. The American,
These survivalists believe in "peak oil," the idea that world oil production is set to hit a high point and then decline. Scientists who support idea say the amount of oil produced in the world each year has already or
The 2016 future price has just raced above $140 a barrel, spiking $20 in less than a fortnight. The futures market is driven by smart people who think of little else but the supply and demand of crude in the
