Roberto Abraham Scaruffi

	Oil fluctuates below $40 as US supplies seen worsening glut Oil swung between gains and losses, staying below $40 a barrel, amid speculation U.S. crude stockpiles expanded for a second week. Futures were little changed in New York after rising 2.8 percent...

	Oil pioneer Cluff says coal gasification "fits in" with Scottish Independence concept Oil pioneer Algy Cluff said yesterday his company’s plans to tap coal reserves under the Firth of Forth were in keeping with the concept of Scottish independence. And in announcing the first half...

	APR Energy's turnover drops 52% APR Energy suffered a dramatic drop in turnover after prematurely calling it quits on its Libya project. The firm's revenue fell 52% to $122.2million for the first half of the year, down from last...

	Exclusive: 200 jobs at risk as Maersk Oil plans to shut down North Sea asset Up to 200 staff at Maersk Oil in the UK face the risk of redundancy after the company revealed plans to shut down one of its North Sea assets. The company is to approach the Oil and Gas Authority...

	Blame oil glut on investors who still love drilling over profits Investors sent a surprising message to U.S. shale producers as crude fell almost 20 percent in August: keep calm and drill on. While most oil stocks have fallen sharply this month, the least...

	Transocean to drop investor payout as cheap oil saps rig demand Transocean Ltd., the world’s top offshore rig operator, plans to halt investor payouts and book 2 billion Swiss francs ($2.1 billion) in asset impairments as an oil price crash weakens demand for its...

	Oil industry will emerge "leaner and fitter" from latest downturn Professor Paul de Leeuw, director of Robert Gordon University’s Oil and Gas Institute said the North Sea industry will endure a period of short term pain before it could emerge leaner, fitter and...

	Stork reports increased profit despite "challenging" UK market Asset integrity specialist Stork said market conditions in the UK would remain challenging following the restructuring of its operations in Aberdeen to reflect the downturn in the North Sea. The...

	Oil industry tax cuts advocated by Scots Lib Dem leader Rennie Liberal Democrat leader Willie Rennie has called for tax cuts for the oil industry and low and middle earners in an attempt to steer a centrist path through the left and right-leaning policies of his...

	Oil at $77? It is in this country that plays by its own rules Oil at $77? It is in Argentina. Oil has plummeted below $39 a barrel in the U.S. But despite the price bloodbath in global energy markets, it fetches nearly twice that amount in Argentina -- home...