Both Sudans risk heavy price for oil shutdown
Social disaffection grows as President Omar al-Bashir deals with political tensions amid South Sudan’s stranglehold on oil revenues
Oil
Resources
As Opec looks to a $70-$80 price range for the next 10 years, a consensus is emerging that countries need to do everything to stabilise oil prices following the dramatic market volatility of 2008
Interactive
Petrobras quarterly profit down 52%
Petrobras reported quarterly profit down by half compared to last year, highlighting the scale of the task ahead for the new chief executive
Cruise ship fallout hits oil and gas producers
Italian government accused of caving in to pressure from environmental lobbies by withdrawing legislation that would have eased restrictions on mineral exploration
European cold snap fuels Brent highs
Worries about supplies from Iran and Africa and freezing weather helps crude consolidate its recent gains to six-month highs
Backlog sees Canadian crude price tumble
Sixth-biggest oil producer sells at half the global rate after rising production is hit by pipeline congestion and outages at US refineries
Saudis risk Iranian anger over crude flow
European refiners have started to cut reliance on Iran oil ahead of embargo deadline, halting spot purchases or stopping all trade
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Interactive
Unconventional oil and gas ‘hot areas’
Technology breakthroughs have allowed companies to extract reserves from reservoirs previously seen as impervious. This interactive graphic examines the areas that have attracted a high-level of interest from the industry and explains the five key types of unconventional oil and gas
Comment and Analysis
Macondo casts shadow over Transocean
Operational problems, financial strains and the threat of multibillion-dollar penalties resulting from the Deepwater Horizon disaster have held the company back
Shortages send fuel oil price soaring
A once-cheap commodity with the moniker of ‘the bottom of the barrel’ is touching all-time highs thanks to low supplies and high demand
Storm warning in the strait
As the US and EU impose oil sanctions, the worry is that Tehran will produce a bomb or act to provoke a military conflict, write Roula Khalaf and James Blitz
BP poised to enter legal labyrinth
It has been described as the most complex case the US has seen since the tobacco litigation of the 1990s, with more than 120,000 plaintiffs
Searching for oil in troubled waters
Buenos Aires needs to start wooing the Falklanders rather than pretending that they do not exist
Asia proves bright spot in weak oil market
Consumption in the region has gone some way to make up for falling demand in Europe and the US
Paying for time
Saudi Arabia’s oil price target is unsustainable. Disruptions to the oil supply from Libya and Iran allows it to raise the price but this will not last forever
US frets at Cuba oil exploration
Prospect of significant oil discoveries in the Gulf of Mexico could alter Havana’s economic future and its relations with Washington
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