I have spent a lot of time recently with oil producers who, with some notable exceptions, are very gloomy indeed. Anyone who reads my blogs or books knows that I have never forecast oil prices and I don’t intend to start now. The oil price is fundamentally unforecastable, prone as it is to political shocks […]

LONDON, March 10 (Reuters) - Global distillate markets remain heavily oversupplied but the glut will not clear unless the world economy avoids recession and there is a renewed acceleration in freight demand. Read full story › Source:: Reuters UK Natural Resources       

NEW DELHI/MUMBAI, March 10 (Reuters) - India said on Thursday it hoped to unlock gas and oil resources worth almost $40 billion by simplifying licensing rules and offering price incentives to recover gas from difficult offshore fields. Read full story › Source:: Reuters UK Natural Resources       

BRENT CRUDE FUTURES EXTEND LOSSES, NOW DOWN $1.11 AT $39.96 A BARREL Read full story › Source:: Reuters UK Natural Resources