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Sector movers: Oil stocks down with Brent at 16-month low

Tue, 09th Sep 2014 14:14

Oil and gas producers were among the heaviest fallers in London on Tuesday after Brent crude dropped to below $100 a barrel the previous session.Royal Dutch Shell was providing a drag on the sector, down 1.6%, while BP lost 0.7% and Tullow fell 0.4%Whilst slightly off the low of $99.36 seen on Monday - its weakest since 1 May 2013 - Brent was still trading below $100 at $99.86 on Tuesday afternoon, down 0.34% on the day. The price has now fallen 10.5% so far this quarter."Sellers continue to drive the price of crude lower in the face of building stocks and lower global growth prospects," said analyst Angus Campbell from Fxpro.Declines have been spurred after Monday's data from China showed a second straight monthly fall in imports in August, while figures on Friday indicated that hiring in the US slowed down to its weakest pace this year.Smaller companies in the UK-listed oil and gas sector were also under pressure in afternoon trade, including Aminex, Xplorer, 3Legs Resources, Solo Oil and Leyshon Energy.Top performing sectors so far todayBeverages 14,367.57 +0.97%Industrial Metals & Mining 1,384.38 +0.96%Oil Equipment, Services & Distribution 22,900.89 +0.79%Mobile Telecommunications 4,658.81 +0.75%Electronic & Electrical Equipment 3,760.89 +0.71%Bottom performing sectors so far todayElectricity 9,294.49 -1.37%Oil & Gas Producers 8,361.28 -1.02%Forestry & Paper 11,342.24 -0.94%Real Estate Investment Trusts 2,844.10 -0.87%Mining 17,168.04 -0.56%
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9 Apr 2015 07:11

Horse Hill Companies Rise On Reports Of Significant Oil Find In Surrey

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Alba Buys 5% Stake In Horse Hill For GBP290,000 From Regency Mines

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1 Apr 2015 08:10

Solo Oil, Aminex On Cusp Of Commercial Production At Kiliwani North

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18 Mar 2015 15:07

Sector movers: Oil stocks extend gains as Budget confirms North Sea tax breaks

Confirmation by chancellor George Osborne of budgetary measures to ease the pain in the struggling oil industry gave energy producers and services stocks another big lift on Wednesday. The 2015 Budget, the last of the current parliament, revealed new tax allowances worth £1.3bn in total to stimulate

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18 Mar 2015 08:14

UK Oil & Gas leads peers higher on Horse Hill potential

Shares in a number of AIM oil producers rose on Wednesday after an update on the Horse Hill discovery in the UK Weald Basin showed further potential oil pay. Horse Hill Developments Ltd (HHDL), which is part-owned by several UK-listed producers, said that ongoing well analysis of the Horse Hill-1 we

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18 Mar 2015 07:59

Horse Hill Participants Report Further Potential Oil Pay At Prospect

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13 Mar 2015 09:23

UPDATE: UK Oil & Gas Investments Buys Further Horse Hill Stake (ALLISS)

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25 Feb 2015 08:43

Solo Oil And Aminex Get Tanzanian Approval For Kiliwani North Deal

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18 Feb 2015 08:54

Aminex, Solo Oil Say Gas Export Pipeline For Kiliwani North Complete

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6 Feb 2015 07:51

Solo Oil Says Aminex Has Nearly Completed Gas Export Pipeline

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4 Feb 2015 08:26

Solo Oil Raises GBP700,000 In Discounted Share Placing (ALLISS)

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3 Feb 2015 09:01

Aminex, Solo Oil Shares Up As They Confirm Licence Deal In Tanzania

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30 Jan 2015 09:57

Horse Hill License Area Gets Reservoir Expert To Maximise Potential

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18 Dec 2014 08:22

Solo Oil boosted by gas resource upgrade at African project

Solo Oil reported a resource upgrade in a gas field in Africa, boosting its shares by more than a third. Solo said partner Aminex had updated its internal resource estimates in the southern part of the Ruvuma petroleum sharing contract (PSC) area, in which Solo holds a 25% interest, from mean initia

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17 Dec 2014 09:18

Solo Oil and Aminex receive approval for Kiliwani North sale

Oil explorers and producers Aminex and Solo Oil saw share prices rise after the Tanzanian government accepted a proposed deal for Solo to purchase up to a 13% interest in Aminex's Tanzanian Kiliwani North development licence for $7m. Solo plans to purchase a total 13% stake in the licence from Amine

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