News

Metals &Mining Alert-Daily prices and news:Oil prices slump on OPEC deal uncertainty

Industrials (/lb): aluminum $0.74(+0.2%), copper $2.20(+0.0%), lead $0.87(-1.6%), molybdenum $6.76(+0.0%); nickel $4.84(+0.0%); zinc $1.03(-0.8%);Precious (/oz): gold $1,337(+0.0%), silver $19.69(-1.0%); Steel (/mt): ChinaHRC $429(+0.2%), S......【more】

2017-03-10

Gas explosion kills four near Nigeria's oil hub: police

A gas explosion near the city of Port Harcourt, Nigerias oil hub and capital of the southeastern state of Rivers, has killed four people, local police said Friday. A local panel beater working at his workshop and three bystanders lost their......【more】

2017-03-09

UPDATE 1-Anadarko expects oil sales volumes to rise 25 pct

March 7 (Reuters) - Anadarko Petroleum Corp (APC.N) said on Tuesday it expected a 25 percent rise in oil sales volumes in 2017 and that it would boost its capital budget to focus on higher-margin oil production. The company forecast initial......【more】

2017-03-08

CERAWEEK-Titans of oil world meet in Houston after 2-yr price war

HOUSTON, March 5 (Reuters) - The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy......【more】

2017-03-07

China Oil &Gas Monthly:Growing imports;growing exports

There is a lot of data in Oil and Gas, especially for China. Our new monthlyproduct has 200+ charts and tables, with proprietary data on and analysis ofExploration Production (EP), Refining, Marketing, Chemicals and OilfieldServices (OFS) f......【more】

2017-03-06

Germany's 2016 oil output stable, gas down 8.1 percent -industry

FRANKFURT, March 2 (Reuters) - Germany produced 2.4 million tonnes of oil in 2016, unchanged on the previous year, while natural gas output fell by 8.1 percent to 7.9 billion cubic metres (bcm), industry association BVEG data showed on Thur......【more】

2017-03-03

BRIEF-Exxon Mobil CEO says oil markets 'more balanced,' but still sees uncertainty

Chief Executive Darren Woods says continues to expect volatility in oil markets for near term * CEO says oil markets have become more balanced, but adds uncertainty remains * CEO: We remain in excellent financial condition * CEO says annual......【more】

2017-03-02

Aramco's Malaysia deal gives Saudis upper hand in fight for Asia oil share

SINGAPORE/KHOBAR, Saudi Arabia, Feb 28 (Reuters) - Top global oil exporter Saudi Arabia broke from the pack in the race to lock up Asian market share after agreeing on Tuesday to pump $7 billion into a refinery-petrochemical complex in Mala......【more】

2017-03-01

Capital VI oil products supplied at Sinopec’s 562 service stations in Beijing

Beijing will adopt Capital VI emission standard from March 1. On February 20, Sinopec completed the upgrading of oil products at its oil depots and 562 service stations in Beijing to meet new emission standard.......【more】

2017-02-28

UPDATE 1-Oil Search steps up spending for next leg of growth

Core profit slides to $106.6 mln, matches consensus * 2017 capital spending to jump as high as $460 mln * ExxonMobil, Totals plans key for Oil Search MELBOURNE, Feb 21 (Reuters) - Australias Oil Search Ltd (OSH.AX) said it will boost capita......【more】

2017-02-27

BRIEF-Carrizo Oil & Gas Q4 adjusted earnings per share $0.44

* Carrizo Oil Gas Inc announces fourth quarter and year-end results and provides 2017 guidance * Q4 adjusted earnings per share $0.44 * Q4 earnings per share view $0.31 -- Thomson Reuters I/B/E/S * Q4 loss per share $0.01 from continuing op......【more】

2017-02-24

ConocoPhillips revises down over 1 bln bbls of oil sands reserves

CALGARY, Alberta, Feb 21 (Reuters) - ConocoPhillips Corp (COP.N) has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canadas vast......【more】

2017-02-23

Oil prices rise on weaker dollar

NEW YORK, Jan. 31 (Xinhua) -- Oil prices rose on Wednesday as weaker U.S. dollar outweighed concerns for global crude glut. The U.S. dollar dropped against other major currencies on Tuesday as the Federal Reserve kicked off its two-day poli......【more】

2017-02-22

Volunteers throng India's Chennai beach to clean oil spill

Over 1,000 volunteers Thursday joined in coastguard personnel and local authorities to clean up a huge oil spill in the sea in southern Indian state of Tamil Nadu. The volunteers including local fishermen and engineering students queued to......【more】

2017-02-21

Iran discovers major shale oil reserves in western province

TEHRAN, Feb. 19 (Xinhua) -- Iran has discovered major reserves of shale oil in western Lorestan province, an Iranian energy official was quoted as saying by Press TV on Sunday. The reserves are estimated to hold as much as two billion barre......【more】

2017-02-20