Oil
US-Iran standoff: Global oil suppliers seek war risk insurance
…to flare-up of tensions in the region. “It is to be noted that Pakistan State Oil (PSO) had also been stopped from including the same (incidentals) in its price calculations by Ogra in a price monitoring committee meeting held on December 15, 2011. It is further…
Oil Falls for Third Day as U.S. Stockpiles Seen Rising in Survey
…estimate in a Bloomberg News survey before a government report this week. Oil also declined with stocks and the euro as Greece struggled to form a government, raising concern that Europe’s debt crisis will worsen. Crude for June delivery fell as much as 87…
Bankers Petroleum shares hit by output problems
…Instead, they insist on drilling success, a standard that threatens oil and gas companies across the board as investors search for safe places to put their money during global financial turmoil. Bankers hoped to expand its production by 30 per cent in 2012,…
Oil starts week by hitting lowest level in 2012
…weekend to $3.727 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Gasoline prices have declined on average by nearly 21 cents per gallon since peaking in early April. In other futures trading, heating oil gave up 3.41…
News Summary: Metals, oil fall as Greece stalls
…Press GREECE AGAIN: The ongoing political stalemate in Greece rattled financial markets Monday, driving U.S. stocks lower. The worry is that if Greece drops the euro currency, it could…More > > By The Associated Press GREECE AGAIN: The ongoing political stalemate…
Oil prices fall Monday as Greece, China feed economic worry
…likely to be held next month. The euro’s tumble amid this eurozone turmoil added to the strength of the dollar index. A stronger U.S.
SD governor, lawmakers study oil, gas development
…different people. Surface landowners often don’t own the rights to the oil beneath their property. They complain they get few financial benefits while having to put up with roads and drilling rigs that disrupt their farming and ranching operations. The legislative…
TEXT-S&P affirms Kodiak Oil & Gas
…Kodiak had $650 million in balance sheet debt. The ratings on Kodiak Oil & Gas reflect the company’s “vulnerable” business risk, “aggressive” financial risk, and “adequate” liquidity assessments. These assessments reflect Kodiak’s relatively small asset base…
Oil companies warn of threats to LNG future
…future of Australian’s LNG sector was front and centre at the annual Australian Petroleum Production and Exploration Association (APPEA), where Resources Minister Martin Ferguson, as well as Santos chief executive David Knox, Total chief executive Christophe…
Drilling Down Into Oil And Gas Prices
…the global petroleum industry from the mid-1940s to the 1970s, and up until the oil crisis of 1973, controlled about 85% of the world’s petroleum reserves – Editor.] Look at the coming nationalization of resources. Look at what’s happened in Argentina. The…
ASC adds Edmund Shimoon to Calvalley Petroleum illegal insider trading case
…Shimoon to the existing proceedings related to allegations of illegal insider trading in Calvalley Petroleum Inc. shares. ASC staff allege that Shimoon, Chief Executive Officer of Calvalley Petroleum, authorized or directed Calvalley Petroleum to purchase…
Obama, USA and Oil Prices
…Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world. Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984,…
Oil prices slide as dollar strengthens
…data today, currency movements could offer some further direction to the oil market which looks fairly vulnerable at the moment,” said Sucden brokers analyst Myrto Sokou. Greece on Monday faced the prospect of fresh polls after political parties failed to…
NDB Energy, Inc. Completes Name Change to Armada Oil, Inc.
…Authority (FINRA) has approved its corporate name change to Armada Oil, Inc., effective today. The company will begin trading under its new name and stock symbol “AOIL” on May 15, 2012. Armada Oil, Inc. is an emerging independent oil and gas company, exploring,…
Crude oil prices fall to new 2012 lows, below $95 a barrel – USA TODAY
…will abandon the eurozone helped boost the dollar, and that pushes down crude oil prices by making commodities like oil more expensive for investors trading in other currencies. Oil is traded in dollars. The euro was down to $1.2866 from $1.2925 late Friday…
Europe Product Swaps-Gasoline falls with oil
…$2.25 a tonne on Monday after hitting $6 at last Monday’s close. * June gasoil barge swap differentials weakened compared with last week to around minus 50 cents a tonne fob ARA from plus 25 cents last Monday. The curve continued to be largely flat with only…
Aramco Breaks New Ground With Oil Trading
That is changing now as Riyadh seeks to capitalise on its refining strength and run its own oil trading book – buying and selling gasoline, gas oil and other fuel to balance the needs of its expanding system, and to turn a profit.
Bankers Petroleum shares sink after first-quarter report released
…few months due to operational challenges. The stock was at $2.60 in late-morning trading on the Toronto Stock Exchange, a drop of 24 per cent. The company said first-quarter net income was $7.8 million compared to $11.2 million a year earlier. On a per-share…
Kodiak Oil & Gas Corp. Announces $100 Million Add-on Offering of Senior Notes
…Edge is for those people who want to make money using cost effective options trading strategies. This product is for anyone—novices and experts. If you understand how to enter an options trade, you need Options & Volatility Edge. Winning Stocks tracks and…
Palm oil drops to 3-month low, Greek turmoil weighs
…market. Weakness in Malaysian palm overnight is also a factor,” said a trader with a local commodities brokerage in Malaysia, referring to palm oil futures that slipped to a 9-week low on Friday. *Disclaimer: The information in the Market Commentaries was…
