Oil Market Trends 2011
WTI-Brent crude price spread the story of 2011 for oil.
Articles Tagged "ConocoPhillips"
ConocoPhillips and BP — Stable in the Short Term
The Bedford Report released research on BP PLC (NYSE:BP,LSE: BP) and ConocoPhillips (NYSE:COP).
Enbridge Surpasses TransCanada Corp in Race to Relieve Cushing Oil Hub
Enbridge acquire stake in a key Cushing-Gulf Coast pipeline after TransCanada’s Keystone XL pipeline ambitions are dealt a blow.
Temporary Oil Production Delays and Cold Temperatures Impact Prices
The Trans Alaska Pipeline was shut down on Saturday following the discover of a leak at an intake pump station at Prudhoe Bay, constricting supply in one of the United States' key oil arteries.
Exxon, Shell, Oxy Said to Be Shortlisted for Abu Dhabi Shah Gas
Bloomberg reports that Abu Dhabi shortlisted Exxon Mobil Corp., Royal Dutch Shell Plc and Occidental Petroleum Corp. as potential partners to develop the $10 billion Shah natural-gas project.
Advantage: Crude
Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
Buyers To Buy If Prices Weaken
If bearish sentiment continues for a bit, expect to see a potential break below support levels around $67.35. Further declines in shipping rates due to reduced Chinese demand can be expected to continue, highlighted by expectations for a 50 per cent drop in freight rates in the next four months.
