Energy & Oil

• Friday, October 3rd 2014 - 07:11 UTC

  Oil at its lowest point in more than two years as Saudis defend market share

  

  Price cuts by key exporter Saudi Arabia helped send global crude prices to their lowest point in more than two years Thursday before they recovered in late trade.

• Friday, October 3rd 2014 - 06:38 UTC

  Bank of England wants new powers to prevent a housing 'boom and bust'

  

  The Bank of England has asked formally for new powers to prevent a housing boom and bust. Under the powers, the Bank would be able to limit how much people can borrow to buy a home, according to their financial circumstances.

• Wednesday, October 1st 2014 - 08:00 UTC

  Falklands' 2015 oil drilling program to include Borders & Southern

  

  Borders & Southern Petroleum PLC said it will join a Falkland Islands drilling consortium so it can participate in the 2015 drilling program on the Islands, as soon as partnering and funding has been secured for its licenses.

• Tuesday, September 30th 2014 - 22:01 UTC

  Fed up with US federal inaction, states act alone on Cap-and-Trade

  

  Unsatisfied with the pace at which the federal government is acting to reduce greenhouse gas emissions, several U.S. states and a few Canadian provinces are forging ahead with their own initiatives.

• Wednesday, September 24th 2014 - 15:55 UTC

  Argentia economic situation can become 'harmful' for the region says Moody's

  

  Credit ratings agency Moody's Investors Service has warned about the Argentine situation which can become “harmful” for Latin America, stating that the country's economy is in “decline” and qualifying current policies as “highly risky.”

• Wednesday, September 24th 2014 - 15:50 UTC

  WTO lowers global goods trade growth for this year and 2015

  

  Global goods trade will grow less than hoped this year and next, and factors including regional conflicts and the Ebola outbreak are putting a quick return to stronger growth at risk, the World Trade Organization said today.

• Saturday, September 20th 2014 - 00:04 UTC

  Why China's insatiable appetite for coal has likely peaked

  

  A recent report from Greenpeace found that China's coal consumption declined in the first half of this year and new Chinese government data suggests that the country's coal imports have dropped. Estimates indicate that by the end of the year, China's coal imports could be 8 percent below 2013 levels.

• Thursday, September 18th 2014 - 06:25 UTC

  Developing oil field Libra off Brazil will cost 80bn dollars said France's Total

  

  Brazil's biggest oil field, Libra, will cost 80 billion dollars to develop, according to a senior executive with France's Total, one of five consortium members participating in the project. Total's vice president of exploration and production for the Americas, Ladislas Paszkiewicz, made the estimate at the Rio Oil & Gas conference, which began Monday and runs through Thursday.

• Thursday, September 18th 2014 - 05:03 UTC

  Falklands oil company is ready to begin drilling at the end of 2015 first quarter

  

  Falkland Oil and Gas Limited (FOGL) reported this week that it is making progress with its preparations for its next drilling campaign, which is scheduled to start during the first quarter of 2015 off the South Atlantic Falklands Islands.

• Wednesday, September 17th 2014 - 04:02 UTC

  Brazil will hold new round of oil right auctions in the first half of 2015

  

  Brazil will hold a 13th round of oil rights auctions in the first half of next year in a sale that will include new areas in the country's promising Eastern Margin offshore region, a senior mines and energy ministry official said this week.