NYMEX July crude settled $1.48 higher at $93.45/barrel Monday, largely holding to overnight gains following better-than-expected eurozone manufacturing data. Weak US manufacturing data put downward pressure on the US dollar, which ...
Tags: Oil Complex, Us Dollar
The UK's Buzzard oil field contributed only 16% of Forties blend output in the week of February 18-24, down from 33% the previous week, BP data showed Friday. This is the lowest contribution of Buzzard to Forties seen so far in 2013, ...
Tags: Buzzard oil field, BP data, UK
The UK expects its tax revenues from the oil and gas industry to slip by more than a third in the current tax year as declining North Sea production levels, lower than expected oil prices and upstream tax breaks crimp its receipts, the UK's ...