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.
Articles Tagged "crude futures"
Vietnam oil reserves update
Vietnam's current level of recoverable reserves of crude oil and gas are enough for another three decades of production.
Breaking Market Alert
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).
China’s commodity imports soar in December
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.
Enbridge Energy Partners update
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.
Cosmo Oil to cut volumes for Jan-Mar
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.
PetroChina, Canada Ink Deal
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.
