Rigzone Oil & Gas Headlines
- Oil prices rose after Iran downplayed progress in nuclear talks with the US.
- 'In our view, the bullish impulses of the gas market may prove correct – but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.
- 'Great British Energy comes from a simple idea – British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.
- Faltering consumption threatens a further blow to oil prices.
- Demand concerns and rising OPEC+ output continue to pressure prices.
- The price of the Brent benchmark is more than 14 percent down so far this year.
- Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank said in a report sent to Rigzone late Tuesday.
- Rigzone talks to Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, and Lucas Herrmann, the Head of Oil & Gas Equity Research at BNP Paribas Exane.
- His Liberal government faces a tense relationship with the premier of the oil-rich province of Alberta, where some are even agitating to secede from Canada.
- Optimism from the US-China trade truce was overshadowed by bearish government data.