Egdon Resources has confirmed the transfer of the operation of its Cloughton shale and tight gas licence to Europa Oil & Gas. The licence, PEDL343, is in the Cleveland Basin,

Oil prices were set to post their biggest monthly gains in more than a year on Monday, on expectations that Saudi Arabia will extend voluntary output cuts into September and

After dipping on Wednesday, oil prices rebounded earlier today as traders refocused their attention on signs of supply tightness, brushing aside the Fed’s latest rate hike. Brent crude was trading above

Oil prices were little changed on Thursday as a lower-than-expected drop in U.S. crude inventories and a potentially weaker demand outlook kept investors cautious. September Brent futures climbed 6 cents,

Oil prices barely moved on Wednesday as markets weighed a possible build in U.S. crude stockpiles and economic concerns against planned supply cuts by the world’s biggest oil exporters and

Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to

Oil rallied on Wednesday after an industry report of a larger-than-expected drop in U.S. crude inventories suggested robust demand and helped offset worries over further interest rate hikes. Crude stocks