Neil Atkinson, head of analysis at Lloyd's List Intelligence, says its difficult to see the upside for the oil price which is likely to stay around $65 per barrel.» Read More
Royal Dutch Shell CEO Ben van Beurden says the oil giant has been eyeing BG for a few years and that the deal works on a range of oil prices.
BG CEO supportive of deal: Shell CEO Royal Dutch Shell CEO Ben van Beurden insists BG CEO Helge Lund is supportive of the merger, but says Lund will "want to do his own thing" after the deal is completed.
Jessica Ground, UK Equities Fund manager at Schroders, says a merger like that of Royal Dutch Shell and BG isn't surprising - given the low oil price.
Royal Dutch Shell CEO Ben van Beurden says taking over BG is much more about gas than it is about oil.
Royal Dutch Shell CEO Ben van Beurden says the firms offer to BG is "strong" and represents a 50 percent premium for shareholders.
Johannes Benigni, founder & managing director at JBC Asia, says Royal Dutch Shell's confirmation that it is in advanced talks to buy BG Group suggest that oil and natural gas prices have bottomed.
SINGAPORE, April 7- Oil prices fell more than a percent on Wednesday as industry data showed a larger-than-expected weekly build in U.S. stockpiles and as Saudi Arabia reported record output in March. "We're going to need to see a very big uptick in demand to offset that supply," Ben Le Brun, analyst at OptionsXpress in Sydney said. Brent May crude was down 61 cents at...
*Shell in talks to buy BG Group in first mega-merger in a decade. SINGAPORE, April 7- Crude prices dropped on Wednesday after Saudi Arabia reported record production of 10.3 million barrels per day in March, a figure the country's oil minister said was unlikely to fall by much. Brent May crude was down 73 cents from its last settlement at $58.37 a barrel by 0100 GMT,...
Tim Evans, energy futures specialist at Citi Futures and OTC Clearing, says factors like appetite for risk and desire to rebuild portfolios are fueling long positions in the oil markets.
Oil settled at $50.42 a barrel after government data showed the largest weekly increase in US crude inventories since 2001.
SINGAPORE, April 8- U.S. crude futures fell over a dollar in early Asian trading on Wednesday after Saudi Arabia revved up crude production to its highest level on record in March. Oil Minister Ali al-Naimi told reporters late on Tuesday that the Kingdom produced some 10.3 million barrels per day of crude in March, a figure that would eclipse its previous recent...
Do not trust the rally in oil, says Tom Kloza, Oil Price Information Service co-founder. He thinks oil will retest the lows.
Royal Dutch Shell has confirmed it is in advanced talks to buy UK utility BG Group, in a £47 billion cash-and-shares offer.
CNBC's Dominic Chu reports on a big build in weekly crude oil inventories according to the API. The "Fast Money" traders, discuss.
U.S., BRENT CRUDE FUTURES PARE GAINS ON BIGGER THAN EXPECTED CRUDE STOCKS BUILD IN API DATA.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up on the day as Saudi airstrikes reportedly hit civilians, and an EIA report said demand for oil was picking up.
RIYADH, April 7- Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of OPEC joined the effort. "The kingdom is still ready to help bring back stability to the market and improve prices in a reasonable and suitable manner, but with the participation of the main producing and...
AND BRENT CRUDE FUTURES EXTEND GAINS IN PRE-SETTLEMENT TRADE.
CNBC's Jackie DeAngelis outlines a significant price hike in the oil pits.
NEW YORK, April 7- World oil prices could be $5 to $15 a barrel lower than forecast next year if oil-related sanctions against Iran are lifted, the U.S. government's energy agency said on Tuesday. "A lifting of sanctions against Iran should a comprehensive nuclear agreement be concluded could significantly change the forecast for oil supply, demand, and prices," EIA...