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Europe-U.S.oil

Europe awash with quality oil as U.S. imports fall

Values weaken in Europe for sweet, low-sulphur crudes; U.S. imports drop on domestic output, pipeline reversal; Only Asian buying prevents steeper price fall

May 23, 2012 11:48
 
Iraq to Lower Oil Target to More Prudent Level

Iraq to Lower Oil Target to More Prudent Level

Iraq plans to "slightly lower" an official 12 million barrel per day (bpd) capacity target so that its oilfields can pump more for decades to come, its top energy official said on Wednesday.

April 19, 2012 9:48
 
Oil Slips towards $124 on Fed Comments, Saudi Supply

Oil Slips towards $124 on Fed Comments, Saudi Supply

U.S. crude stocks up 7.8 mln barrels, far above forecast; At least 7 North Sea Forties cargoes delayed

April 4, 2012 4:09
 
Shell scrambles to pay $1B for Iran oil

Shell scrambles to pay $1B for Iran oil

Royal Dutch Shell is struggling to pay off $1 billion that it owes Iran for crude oil because European Union and US financial sanctions now make it almost impossible to process payments, industry sources said.

March 26, 2012 4:17
 
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