RIL completes 49.9% stake sale in US pipeline venture for $1 bn
Reliance Industries Wednesday said it has closed the deal to sell its entire 49.9 percent interest in a US shale oil and gas pipeline joint venture to New York -listed Enterprise Products Partners for USD 1.073 billion.
Jul 09, 2015, 00:31 AM IST
Mining giant BHP cuts US shale oil rigs by 40% amid sliding price
The world`s biggest miner BHP Billiton Wednesday said it was cutting back its operating US shale oil rigs by 40 percent amid slumping prices, but expected production output to rise for the financial year.
Jan 21, 2015, 09:43 AM IST
Oil price to fall until major Asian manufacturers feel the benefit
Oil prices will continue to drop as high production meets weak demand and a strong US dollar pressures crude, and markets will only pick up once major manufacturing economies particularly in Asia feel the benefit of cheaper energy.
Jan 08, 2015, 23:27 PM IST
Brent falls more, Saudi Arabian king speaks
Brent crude fell close to $51 a barrel, its lowest since 2009, with cuts to Saudi Arabia`s official selling prices to Europe this week adding more pressure to the 55 percent price rout since June.
Jan 06, 2015, 19:58 PM IST
Oil rises 2% to $62 as energy firms slash investments
Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing US shale output overwhelms demand, with losses accelerating after producer group OPEC decided not to cut output at its meeting last month.
Dec 18, 2014, 20:18 PM IST
Saudi sights set on US shale at crucial OPEC meeting
Saudi Oil Minister Ali al-Naimi was silent about his government's intentions Monday as he arrived in Vienna ahead of the OPEC gathering.
Nov 25, 2014, 22:11 PM IST
Fund managers see oil falling to $60 without OPEC cut
Oil prices have been falling since the summer due to abundant supply, partly from US shale oil, and because of low demand growth, particularly in Europe and Asia.
Nov 25, 2014, 00:27 AM IST
