News about Oil

Malaysia expects 'jet oil slick' analysis Monday

Malaysian authorities expect to complete by Monday afternoon a lab analysis that could indicate whether an oil slick at sea came from a missing passenger jet, an official said.
10 March 2014 13:58

Kazakhstan-China tolling no longer feasible: Mynbayev

Sauat Mynbayev, Chairman of KazMunaiGas (KMG), Kazakhstan's national oil and gas company, believes that duty-free supplies from Russia make shipment of Kazakhstan's crude to China for processing no longer feasible.
04 March 2014 15:09

KazMunaiGas Head on Kashagan

It’s too early to talk of any specific figures, estimated expenses related to repairs of the pipe: KazMunaiGas National Oil Company Head.
04 March 2014 13:36

Oil markets tight, IEA warns

World oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, urging OPEC to skip a seasonal output drop as stocks touch six-year lows.
14 February 2014 09:52

Oil prices up on winter demand, Yellen testimony

Oil prices rose in Asian trading hours Wednesday due to strong winter demand and expectations that new Federal Reserve head Janet Yellen will not shake up US monetary policy.
12 February 2014 14:06

S. Korea cleans up after oil spill

South Korea's coastguard said Monday it would take at least two weeks to clean up the shoreline fouled by an oil spill off the southwestern port of Yeosu.
04 February 2014 09:53

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