Crude ends down 8 percent in Jan
On Friday, U.S. crude futures ended down, raking up the biggest monthly percentage loss since December 2008.
Continue reading "Crude ends down 8 percent in Jan"
On Friday, U.S. crude futures ended down, raking up the biggest monthly percentage loss since December 2008.
Continue reading "Crude ends down 8 percent in Jan"
Tuesday, January 26, 2010
Vietnam's current level of recoverable reserves of crude oil and gas are enough for another three decades of production.
Continue reading "Vietnam oil reserves update"
Thursday, January 14, 2010
According to Wall Street News Alert's "stocks to watch" are: Fidelis Energy Inc. (PINKSHEETS: FDEI), Exxon Mobil Corporation (NYSE: XOM), Apple Inc. (NASDAQ: AAPL) and Chesapeake Energy Corporation (NYSE: CHK).
Continue reading "Breaking Market Alert"
Monday, January 11, 2010
Crude oil imports averaged more than 5 million barrels per day for a month for the first time in December, up by more than a fifth from November at 21.26 million tons, while the total for 2009 rose 13.9 percent to 203.4 million tons.
Continue reading "China’s commodity imports soar in December"
Wednesday, January 6, 2010
Enbridge Energy Partners, L.P. (NYSE: EEP) reported that the Phase 6 expansion of its North Dakota crude oil system is complete and was placed into service Jan. 1.
Continue reading "Enbridge Energy Partners update"
Tuesday, January 5, 2010
OnTuesday, it was reported that Japan's Cosmo Oil Co Ltd (5007.T) plans to cut its crude oil processing volumes for January-March by 4.6 percent from the same period a year earlier.
Continue reading "Cosmo Oil to cut volumes for Jan-Mar"
Tuesday, September 1, 2009
Prices of light, sweet crude on the New York Mercantile Exchange are currently trading at half their peak hit in July last year. This has led some producers to postpone oil sands projects as they are capital-intensive and need crude futures above a certain threshold to be viable. US oil demand is also in the doldrums due to the global economic downturn, making it harder for producers to justify investments in new crude oil production. However, PetroChina has gone ahead with its investment in Canadian oil sands.
Continue reading "PetroChina, Canada Ink Deal"
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Monday, February 1, 2010