Prepare to celebrate Opec’s demise
The G8 statement on oil should have been an optimistic one. The threat of market disruptions is actually diminishing, writes Roger Altman
Oil
Resources
Opec and the IEA have revised downwards their forecasts for oil demand growth in 2012, based on worries about the weak global economy and in particular the eurozone debt crisis
Interactive
Kuwait to invest in UK oilfield
Foreign investment arm of Kuwait Petroleum Company is to acquire a 35% interest in the Alma and Galia oilfield developments operated by EnQuest
Energy stocks bear brunt of slide oil
‘Macro uncertainty’ in Europe and China has battered crude oil prices, creating opportunities in energy equities, some analysts say
World more resilient to oil price rises
IMF says world has become less sensitive to a jump in oil prices thanks to more proactive monetary policy but a supply shock could derail global growth
Oil prices stabilise following sell-off
Benchmark Reuters-Jefferies index for commodities ends slightly higher after falling to its lowest level since September 2010 during the week
Record interest in North Sea drilling
Applications for offshore licences were the highest since rounds began, indicating investor enthusiasm for tapping the region’s oil and gas fields
Related content and features
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
Attack of the zombie refineries
Oil refining spreads are tightening as mothballed plants are being relaunched by new entrants, writes Javier Blas
Europe must enforce oil sector transparency
Disclosure is the best way to beat the resource curse facing many of the world’s poor but voluntary disclosure is not enough, writes Lord Browne
Brent’s record run predicted to continue
Oil traders are bullish about triple-digit prices rolling on because of the growth in demand fuelled by China and disruptions hitting supply
Oil markets should heed Libor lessons
The scandal over Libor’s ‘reported’ prices and how they could be distorted offer a lesson for what might be about to happen in oil markets
Oil price: the IEA weighs in
The International Energy Agency says market fundamentals are turning as supply moves ahead of demand – though shift has yet to translate into price
Follow the money
Shining a light makes it possible to find and address wrongdoing or ill-conceived policies
Energy: Refined out of existence
As petrol prices rise and western demand shrinks, refineries are closing across the developed world
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