MARKET WATCH: NYMEX, Brent oil prices end week with a rebound

Light, sweet crude oil rebounded on the New York and London markets on Dec. 8, the day after US oil futures dropped to a 3-week low on a weekly government report that showed rising US crude production. Source: News

Beach farms into Cue Energy's Ironbark prospect

Beach Energy Ltd., Adelaide, has signed a binding agreement with Cue Energy Resources Ltd. of Melbourne to farm into two exploration permits in the Carnarvon basin offshore Western Australia that contain the large Ironbark gas and condensate prospect. Source: News

The moving 'target'

If oil production from unconventional resources really is a target of decision-making by the Organization of Petroleum Exporting Countries, as some observers say, the exporters’ group has dedicated nearly a year to perverse strategy. Source: News

The winter of 'coal to gas'

To combat worsening environmental problems, the Chinese government has long called for controlling the use of coal and boosting natural gas consumption. The government’s efforts have worked well that, in 2016, gas consumption in China amounted to 210.3 billion cu m, ranking the third in the world, just after the US and Russia. Source: News