Oil and Gas Industry Latest News

09.01.2014 WTI crude trades near six-week low

West Texas Intermediate crude traded near the lowest price in six weeks after Energy Information Administration data showed fuel stockpiles increased more than forecast in the U.S., the world’s biggest oil consumer, Bloomberg reported on January 9.

08.01.2014 WTI rises for second day

West Texas Intermediate rose for a second day on speculation government data will show crude stockpiles declined a sixth week in the U.S., the world’s biggest oil consumer, Bloomberg reported on January 8.

30.12.2013 Gazprom’s shares to be included in Moscow Exchange Quotation List A2

The Moscow Exchange is transferring Gazprom's shares from the Non-Listed Securities Register to the Quotation List A Level 2 (QL A2).

17.12.2013 WTI Oil Falls Last Week

West Texas Intermediate fell amid speculation that gasoline and distillate stockpiles increased last week in the U.S., signaling ample supply in the world’s biggest oil consumer, Bloomberg reported on December 17.

05.12.2013 WTI Trades Near Five-Week High

West Texas Intermediate traded near the highest price in more than a month after crude inventories shrank for the first time in 11 weeks in the U.S., the world’s biggest oil consumer, Bloomberg reported on December 5.

04.12.2013 Gazprom Neft to Borrow USD 2.15 Billion

Gazprom Neft has signed a $2.15 billion club term facility agreement with a group of international banks, Gazprom Neft’s press service said on December 3.

28.11.2013 WTI Oil Near Six-Month Low

West Texas Intermediate traded near the lowest price in almost six months as crude stockpiles rose for a 10th week in the U.S., the world’s biggest oil consumer, Bloomberg reported on November 28. 

22.11.2013 WTI Oil Trades Near Three-Week High

West Texas Intermediate crude traded near the highest price in three weeks after applications for unemployment benefits in the U.S. declined, signaling a sustained economic recovery in the world’s biggest oil consumer, Bloomberg reported on November 22.

20.11.2013 WTI Gains as U.S. Fuel Stockpiles Apparently Shrink

West Texas Intermediate rose for a second day amid speculation U.S. fuel supplies declined and after the Federal Reserve signaled it will maintain steps to sustain the economic recovery, Bloomberg reported on November 20. 

20.11.2013 Russia’s Rosneft Eyes Morgan Stanley Oil Trading Branch

Russian state-run oil company Rosneft (ROSN.MM) is in talks with Morgan Stanley (MS.N) on buying into the Wall Street bank's oil trading business, Reuters has reported, citing an industry publication and two industry sources as saying on November 19.