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>> PETROLEUM Latest News

1 HOUR AGO - Benzinga

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Magellan Petroleum Updates Horse Hill-1 Well: Revised Up P50 Est. Of OOIP To 5.2 MMbls

Corporation (NASDAQ: MPET) ("Magellan" or the "Company") today announced that its partners in the Horse Hill-1 well ("HH-1") in southern England have reported a conventional discovery in the Upper Portland sandstone and have materially revised upward their P50 estimate of original oil in place (OOIP) in this section to 5.2 MMbbls.

Tags: Magellan Petroleum Updates Horse Hill-1 Well: Revised Up P50 Est. Of OOIP To 5.2 MMbls,  Petroleum Latest News

1 HOUR AGO - TheStreet

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European Stocks Get Lift From Energy Shares as Oil Prices Rise

LONDON ( The Deal) -- European stock indices rose on Monday, pulled higher by energy stocks as oil prices rose. In London, the FTSE 100 was up 0.75% at 6,594.10. In Frankfurt, the DAX climbed 0.66% to 9,851.58 and in Paris the CAC 40 gained 0.77% to 4,274.12.  Must Read: Jim Cramer's Eight Best Stock Picks in the Housing Sector ...

Tags: European Stocks Get Lift From Energy Shares as Oil Prices Rise,  Petroleum Latest News

2 HOURS AGO - MarketWatch

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The Wall Street Journal: OPEC remains united on output decision: Iraqi oil minister

The Organization of the Petroleum Exporting Countries remains united in its decision not to rein in production, Iraq’s oil minister says Monday, despite the uneven impact the stark slide in oil prices is having on the economies of member countries.

Tags: The Wall Street Journal: OPEC remains united on output decision: Iraqi oil minister,  Petroleum Latest News

8 HOURS AGO - Yahoo! News

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Saudi Arabia says won't cut oil output

ABU DHABI (Reuters) - Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years.

Tags: Saudi Arabia says won't cut oil output,  Petroleum Latest News

9 HOURS AGO - St. Louis Post-Dispatch

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