Roberto Abraham Scaruffi

24 December 2014

	Fear oil summit will 'fall flat on its face' Fears have been raised that an emergency summit on North Sea oil will “fall flat on its face”. Aberdeen City Council Conservative group leader Ross Thomson yesterday voiced his “extreme disappointment” at the way Labour announced the event, with no details on its remit or venue

	Oil trades near two week high as US economy bolsters demand bets Oil traded near the highest price in almost two weeks as the US economy expanded at the fastest pace in more than a decade, signalling fuel demand may increase in the world’s biggest consumer

	Opinion: It may be too early to write off OPEC Having reached 2014 highs in June, crude oil prices started to free fall and in the search for reasons some people have pointed towards the International Energy Agency's (IEA) changing demand and supply expectations

	Traders in line to make a fortune by storing crude until prices improve Oil traders are poised to cash in on low crude prices by storing vast quantities of the commodity until prices rise. Global demand for supertankers is already growing as companies look to take advantage of the weakest oil prices in years

	Moller-Maersk boss warns of closures if oil prices stay low The boss of Danish conglomerate A.P. Moller-Maersk has warned the group’s oil division will have to close some sites and cut operating costs if oil prices remain at their current level

	Video: NDT Tech workers create novelty Christmas video This crew from NDT tech decided to celebrate the festive season by creating 'A Christmas Carol in the North Sea'. The footage shows the offshore workers singing along to music adorned with seasonal attire

	BP claims Gulf spill payment should reflect oil price drop BP has claimed any gulf spill compensation payments by it should be less to reflect the oil price plunge. The oil giant is currently in a legal wrangle over what civil penalties it should make following the Deepwater Horizon rig disaster in 2010

	Iraq cabinet approves lower spending plan on oil’s drop Iraq’s cabinet approved a smaller 2015 spending plan than the government expected because of the collapse in oil, which provides most government revenue

	Tate 'will have to reveal BP cash' Freedom of information campaigners are claiming victory in their bid to force the Tate to say how much money it has received in sponsorship from oil giant BP

	Aviation analysts fear low oil prices Low world oil prices may not be such good news for airlines after all, according to aviation analysts. Airlines’ fuel bills are falling, but the low prices could signal a downturn in the global economy and consequently could lead to less demand for air travel, said aviation data analysts OAG