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The price of Brent crude slipped towards $98 per barrel today on concerns of a faster hike in US interest rates.   Oil prices remained below $100 for more than a week amid weak demand and ample supplies.   Reuters reported that Brent crude for November delivery declined 51 cents…
The price of Brent crude dropped towards $97 a barrel today despite talks of lower output from the Organization of the Petroleum Exporting Countries (OPEC).   Reuters reported that Brent declined 20 cents to $97.50 a barrel, while US crude was down 40 cents at $93.12.   OPEC secretary General…
The price of Brent crude increased above $97 a barrel on Tuesday amid strikes against Islamic State targets in Syria by the US and various Gulf Arab allies.   Unexpectadly increased Chinese factory activity in September also boosted the demand outlook.   Reuters reported that Brent for November delivery rose…
The price of Brent crude declined below $97 a barrel today amid abundant supplies and weak European economic data, which outweighed increasing political tensions in the Middle East.   Reuters reported that Brent for November delivery dropped one cent to $96.84 a barrel while US crude increased 29 cents to…
Sevan Marine has secured a front-end engineering and design contract (FEED) to support Premier Oil's Bream field in the Norwegian Central North Sea.   The contract is for the hull and marine systems of a Sevan type cylindrical floating production storage and offloading vessel (FPSO) for operation on the field.…
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