
PERTH (Reuters) - Oil hovered close to record levels above $126 a barrel on Monday as violence in the Middle East heightened worries of supply disruptions in the world’s largest crude producing region
Mohammad-Javad Shams, board member of the Pars Oil and Gas Company, was speaking a day after Royal Dutch Shell RDSa.l said it had pulled out of developing another phase of South Pars, after pressure not to participate from U.S. lawmakers.
Click to continue reading “Iran says South Pars phase to come on stream soon”
LONDON (Reuters) - Oil major Royal Dutch Shell (RDSa.L: Quote, Profile,Research) has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran’s nuclear programme.
Click to continue reading “Shell pulls out of Iran gas deal”
LONDON (Reuters) - Oil prices leapt to a new peak of more than $126 a barrel on Friday, hitting a record for the fifth straight session, in a market given an additional spur by tight supplies of diesel.
Click to continue reading “Oil over $126, new peak for 5th straight day”
SINGAPORE, May 9 (Reuters) - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) will shut its second-largest crude distillation unit (CDU) and two secondary units at its Singapore refinery in June for routine maintenance lasting up to 30 days, refining sources said on Friday.
Click to continue reading “Shell to shut Singapore CDU, 2 more units in June”
Executives such as Shell Chief Executive Jeroen van der Veer say their companies are doing their bit. Shell invested $7.6 billion in the first quarter, more than larger rival Exxon.
Click to continue reading “Investors get much of Big Oil’s cash windfall”
LONDON, May 8 (Reuters) - Royal Dutch Shell (RDSa.L: Quote, Profile, Research) said on Thursday part of its oil production in Nigeria remains shut following a spate of sabotage in April to its oil facilities and it still does not know when it can restore the lost production.
Click to continue reading “Shell says no timeframe yet for Nigeria oil return”
TOKYO (Reuters) - Oil futures were steady over $123 a barrel on Thursday…
Click to continue reading “Oil steady above $123 as dollar rise trims gains”
LONDON, May 7 (Reuters) - Total expects production of oil and gas to rise in 2008, even if oil prices stay high, the French oil major’s Chief Financial Officer said on Wednesday.
Click to continue reading “Total CFO sees oil and gas output rising in 2008″
LAGOS, May 6 (Reuters) - Exxon Mobil has returned its oil output in Nigeria to normal operating levels after an eight-day strike while Shell said it would start partly resuming production shut by militant attacks “within days.”
Click to continue reading “Exxon says Nigeria output back, Shell taking longer”