Oil prices have risen steadily this quarter. Benchmark crude hit a 26-month high on Monday near $92 per barrel and is forecast by some analysts to be headed to $100, driven by quantitative easing in the United States and as data supporting robust growth in India and China drive demand. Analysts believe OPEC’s evident reluctance to increase output and the prospect of continued dollar weakness add to the case for costlier oil in 2011.
Read the full article: "Oil Price Trends"
Thursday, December 30, 2010
Africa Oil Corp. (CVE:AOI) reports that 99.5% of the Company’s share purchase warrants that were issued pursuant to a private placement in April 2009 were exercised as of the expiry date of December 23, 2010.
Read the full article: "Africa Oil: Accelerated Warrant Exercise..."
Wednesday, December 29, 2010
Sagres Energy Inc. (CVE:SGI) announces the planned spud of the Apoteri K-2 exploration well on the Takutu Block in Guyana prior to December 31, 2010.
Read the full article: "Sagres Energy Inc. Announces Spud of the..."
Wednesday, December 29, 2010
Canacol Energy Ltd. (CVE:CNE) announces a US$ 106 million capital budget in 2011 for exploration and development activities in Colombia, Guyana, and Brazil.
Read the full article: "Canacol Energy Ltd. Announces US$ 106..."
Tuesday, December 28, 2010
Bloomberg reports that Oil traded near a 26-month high after a report showed U.S. retailers had their best holiday sales in five years.
Read the full article: "Oil Nears 26-Month High as Retail Sales Gain"
Monday, December 27, 2010
Magnum Hunter Resources Corporation (AMEX:MHR) enters into a definitive agreement to acquire Appalachian Basin focused NGAS Resources, Inc. (NASDAQ:NGAS) for approximately $98 million (USD) in common stock and assumed liabilities.
Read the full article: "Magnum Hunter Resources to Acquire..."
Thursday, December 23, 2010
The Vancouver Sun.com reports that oil prices are up, generating concerns labour shortages in Alberta’s Oil Patch
Read the full article: "Alberta oilpatch gets boost as crude reaches..."
Thursday, December 23, 2010
The Winnipeg Free Press.com reports that the loonie closed higher today, driven up by higher oil prices,
Read the full article: "Rising oil helps push loonie higher"
Thursday, December 23, 2010
In recent history, gas prices have generally followed a relatively seasonal pattern with prices rising during the summer driving season and falling after Labor Day. However, 2010 has seen a reversal in this pattern; the national average price has risen by 30 cents per gallon since Labor Day, the largest increase over that period since the 1990 inception of Energy Information Agency (EIA) weekly published retail gasoline price data. The current average price range in the US for the third week of December of approximately $2.98 per gallon is the second highest on record, eclipsed only by the 2007 average price reaching $3.00 per gallon.
Read the full article: "Gas Price Trends"
Thursday, December 23, 2010
Mining Weekly.com reports that Sasol (NYSE:SSL) is actively seeking out gas across Africa
Read the full article: "Sasol looks for gas to boost synfuels,..."
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Thursday, December 30, 2010