APN News

  • Sunday, September, 2021| Today's Market | Current Time: 04:15:02
  • World oil output in focus as OPEC prepares to meet

    OPEC, which pumps 40 per cent of the world’s oil, meets in Vienna this week to assess member output levels against a backdrop of steady prices and a huge jump in Iraq’s estimated reserves. The Organization of Petroleum Exporting Countries (OPEC) has had an official production level of 24.84 million barrels a day since January […]

    Oil down ahead of US payrolls report

    Oil prices eased in Asian trade on Friday as investors awaited a widely watched US payrolls report, analysts said. New York’s main contract, light sweet crude for November delivery dropped 50 cents to USD 81.17 a barrel. Brent North Sea crude for November delivery was off 32 cents at USD 83.11. “It’s actually heading down […]

    Oil prices slip in Asian trade on spike in US stockpiles

    Oil prices were down in Asian trade on Wednesday as forecasts of a massive increase in US crude stockpiles tempered market sentiment following recent rallies, analysts said. New York’s main contract, light sweet crude for delivery in November fell 15 cents to USD 82.67 a barrel. Brent North Sea crude for November delivery shed seven […]

    SouthWest Energy Agrees to Acquire PETRONAS Carigali’s Oil and Gas Interests in Ethiopia

    SouthWest Energy is pleased to announce that on 24 September 2010 it agreed to purchase from PETRONAS Carigali Overseas Sdn Bhd (PETRONAS Carigali), all of its oil and gas interests in Ethiopia. The transaction is expected to be completed during the first quarter of 2011 following the fulfilment of certain conditions precedent, including regulatory approval. […]

    Oil slips in Asian trade

    Crude prices inched down in Asian trade on Monday but analysts said markets would continue rallying as investment appetite returned with a buoyant Chinese manufacturing sector and weakening greenback. New York’s main contract, light sweet crude for November delivery, slipped six cents to USD 81.52 a barrel. Brent North Sea crude for delivery in November, […]

    Oil slips in Asian trade

    Crude prices inched down in Asian trade on Monday but analysts said markets would continue rallying as investment appetite returned with a buoyant Chinese manufacturing sector and weakening greenback. New York’s main contract, light sweet crude for November delivery, slipped six cents to USD 81.52 a barrel. Brent North Sea crude for delivery in November, […]

    Dresser Waukesha Wins Contract to Supply New 16V275GL

    Waukesha, United States: Dresser Waukesha, a leading manufacturer of natural gas engines that deliver clean, cost-effective power has been awarded a contract to supply three of its new 16V275GL+ high-performance engines to a Horn River Basin gas production site in northeast British Columbia, Canada. The three 4835 bhp 16V275GL+ units will join three of Waukesha’s […]

    Oil up in Asian trade Singapore

    Oil prices inched up in afternoon Asian trade as a weaker dollar outweighed a bleak US economic outlook, analysts said on Monday.  New York’s main contract, light sweet crude for November delivery, rose 11 cents to USD 76.60 a barrel and Brent North Sea crude rose three cents to USD 78.90.  A fall in the […]

    Oil rebounds in Asian trade ahead of US Fed meeting

    Oil was higher in Asian trade on Monday, rebounding from last week’s losses but further rises were likely to be limited due to lingering economic concerns, analysts said. New York’s main contract, light, sweet crude for October delivery, gained 21 cents to USD 73.87 a barrel. Brent North Sea crude for November delivery was 14 […]

    Oil lower in Asian trade

    Crude prices fell in Asian trade on Wednesday following news that repairs to a key pipeline carrying oil from Canada to the United States were almost complete, analysts said. New York’s main contract, light sweet crude for delivery in October, fell 51 cents to USD 76.29 a barrel. Brent North Sea crude for October delivery […]