Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Continue reading "Oil Prices Climb on Supply Concerns and Bernanke Comments"
Tuesday, May 25, 2010
The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
Continue reading "British Petroleum Oil Spill Draws Criminal Speculation"
Tuesday, February 16, 2010
Xtreme Oil and Gas, Inc. (PINKSHEETS: XTOG) reported the Company has filed the Form 10 with the Securities and Exchange Commission (SEC).
Continue reading "Xtreme Oil and Gas, Inc. Completes Form 10 Filing"
Tuesday, February 16, 2010
Magnum Hunter Resources Corporation (NYSE Amex: MHR) (NYSE Amex: MHR-PC) reported that the Company has closed on the previously announced acquisition of privately-held Triad Energy Corporation and affiliates, an Appalachian Basin focused energy company.
Continue reading "Magnum Hunter acquires Triad Energy"
Friday, February 12, 2010
The Articlebase.com analyzes the Tips for Trading the Crude Oil Market :
Continue reading "Tips for Trading the Crude Oil Market"
Wednesday, February 3, 2010
The MarketOracle presents a forecast of Crude Oil and Natural Gas in 2010:
Continue reading "Forecast of Crude Oil and Natural Gas in 2010"
Wednesday, February 3, 2010
The Financial Times reported on Tuesday that Nigeria plans to sell oilfield assets this year containing as much as 2 billion barrels of reserves either relinquished by Western firms or unsold in three previous bidding rounds.
Continue reading "Nigeria plans to sell oilfield assets this year"
Wednesday, February 3, 2010
On Wednesday, it was reported that the daily output at Iran's Azadegan oil field has reached 40,000 barrels per day (bpd) and will soon hit 50,000 bpd.
Continue reading "Iran’s Azadegan oil field output at 40,000 bpd"
Monday, February 1, 2010
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"
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Tuesday, June 8, 2010