Brent oil to start trading in Dublin
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The New York Mercantile Exchange is to open a Brent crude oil futures trading floor in Dublin later this morning. The Exchange has leased space from the New York Board of Trade&#39;s FINEX Dublin operation, with
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Oil prices surge to fresh record highs in London, with Brent crude reaching the $50-a-barrel mark for the first time.
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Aug. 20 (Bloomberg) -- Crude oil futures rose to a record, surpassing $49 a barrel in New York, on concern that fighting between US forces and followers of Shiite Muslim cleric Moqtada al-Sadr will cut shipments.
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Brent crude futures on the London oil market reached USD50 a barrel today as Nigerian oil workers went on strike. Nigerian unions launched a four-day general strike to protest rising fuel prices, but oil shipments
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World oil prices have shot to record highs as concern grows about even more expensive fuel at the petrol pumps. In London, Brent North Sea crude oil for delivery in November surpassed $50 a barrel for the first time in the contract&#39;s 16-year history.
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Oil prices hit fresh records again on  Monday, pushing London Brent crude above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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Imperial Oil Ltd. says it will shift its head office to Calgary from Toronto, with the move to the Alberta oilpatch affecting 1,500 employees and expected to be completed by next August.
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ABU DHABI Saudi Arabia, Kuwait and the United Arab Emirates vowed Sunday to go on expanding their production capacity to deflate record oil prices of above $53 a barrel, and Saudi Arabia, the biggest exporter, said it could bring on 1.5 million barrels a
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Crude oil futures rose to records in London and New York on concern offshore oil output from Norway, the world&#39;s third-biggest exporter, may be halted by a labor dispute.
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European equity markets were expected to open higher on Monday, thanks to oil prices falling after it was hoped a UN-brokered ceasefire would end five weeks of fighting between Israel and Hizbollah.
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Oil prices rose more than half a   percent on Thursday as Iran looked set to defy the United   Nations' deadline for halting nuclear enrichment, raising the   risk of sanctions against the world's fourth-biggest exporter.
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The price for North Sea oil of Brent quality was Monday sold for US$ 50 a barrel for the first time ever, and on Tuesday it peaked at US$ 51.
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By Rebecca F. Johnson, STAFF WRITER  DUBLIN -- Dublin residents will be tapped during two community meetings over the next couple months to discuss potential uses for a nearly   19-acre piece of land near the Iron Horse Regional Trail.
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LONDON  - Oil prices rose in London as analysts gauged the impact on key markets of a possible dearth of US heating oil stockpiles during the northern winter.
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OIL futures prices rose in Europe today amid concerns about heating oil supplies at the beginning of the Northern Hemisphere winter.
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Saudi Arabia, Kuwait and the United Arab Emirates, which account for almost half of OPEC&#39;s oil output, said they&#39;re committed to boosting capacity to meet soaring demand that has driven prices to a record.
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JAKARTA The Organization of Petroleum Exporting Countries is united on the need to raise its oil price target to an average of $30 a barrel, a top Iranian oil official said on Thursday, but the cartel has yet to agree on when to move its price range higher