Oil Market Update (March 6, 2012)
A brief overview of oil price developments, supply and demand and significant market movers.
Articles Tagged "oil investing"
Junex Divests Haldimand to Focus on High Potential Oil Assets
Junex (TSXV:JNX) announced the divestiture of its 35.99% interest in the Haldimand property to focus on the Anticosti and Galt oil projects.
Oil Declines a Third Day as Greek Referendum Plan Raises Risk of Default
Bloomberg reported that oil prices dropped for a third consecutive day over European debt concerns.
Blackbird Energy Announces Successful Completion Of Bigstone Well With Initial Flow Test Results Up To 1,011 boe/Day
Blackbird Energy Inc. (TSXV:BBI) announced that it has been informed by the operator, Donnybrook Energy Inc. (TSXV:DEI) of Calgary, that the Bigstone, Montney Formation horizontal well, Donnybrook HZ Bigstone 14-29-60-22W5 has been successfully completed and flow tested.
TC PipeLines, LP Increases Second Quarter Cash Distribution
TC PipeLines, LP (NASDAQ:TCLP) reports a 2011 cash distribution to $0.77 per common unit, or $3.08 per unit on an annualized basis.
How Logical is the Link Between Oil and the Dollar?
Reuters reports the International Energy Agency (IEA) will announce the results of its 30-day review of an emergency reserves release.
Buckeye Partners, L.P. Acquires Refined Petroleum Products Terminals and Pipeline in Maine
Buckeye Partners, L.P. (NYSE:BPL) reports it has acquired two petroleum products terminals and a pipeline.
Oil Steadies as US Holiday Curtails Trade
Reuters Africa reports that oil prices steadied on Monday as the US took a holiday slowing trade.
Crude Oil in Corrective Recovery
The Street reports that crude oil is in corrective recovery and is expected to stay there for the short-term.
Russian Stocks Rise Fifth Day on $95 Crude Oil, Greece Bailout
Bloomberg reports that Russian stocks are up for the fifth day as crude oil rose to $95 a barrel.
