Oil
Oil-Rich South Sudan Has Hours To Choose Between North Sudan, China And The U.S.
…but not everyone is ready to celebrate. The new country will either benefit from a boom in commodities, or end up at war with the North yet again, this time over dividing the country’s massive oil wealth. Right now, South Sudan has 80% of Sudan’s …
Platts Survey: OPEC Pumps 29.57 Million Barrels of Oil Per Day in June
…news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts’ coverage…
Oil falls over 2 percent on weak US jobs report
…U.S. gasoline demand may delay Brent crude reaching $125 per barrel next year, as forecast by Goldman Sachs. “But it’s not going to lead to any major selling” of oil contracts, Kloza said. Brent is used by many East Coast refineries to produce gasoline.
Wilhan ditches US Oil and Gas stake
…have confirmed the company has disposed of its interest in US Oil and Gas plc, the London-listed oil and gas exploration company, for a consideration of €1 million. Wilhan Limited is a private international investment company based in Ireland. The principal…
Stocks, oil prices fall back amid big disappointment in U.S. jobs data
…New York to US$16.68. Questerre Energy Corp. (TSX:QEC) said Friday it has acquired Bakken-Torquay oil producing assets and undeveloped land in Antler region of southeast Saskatchewan for $13.25 million.
Sudan recognises independence of oil-rich south
…you.” The new Republic of South Sudan will take around 75 percent of the country’s known oil reserves with it when it goes — depriving the Khartoum government of more than a third of its national revenues, the northern finance minister said last month. …
Ghana Cedi Set to Gain to February Peak as Oil Output Rises, Databank Says
…any cedi depreciation as a decrease in imports cuts demand for dollars, Kevin Adarkwa, a currency trader at the local unit of Standard Chartered Bank Plc, said by phone from Accra today. To contact the editor responsible for this story: Antony Sguazzin at…
Kudrin sees transition period for oil tax reforms
…July 8 (Reuters) – Russian Finance Minister Alexei Kudrin said on Friday that it would take time to reform Russia’s oil taxation system and that companies should not suffer unduly from the process. Speaking in London, Kudrin suggested that transitional measures…
Doxa Enters Mississippian Oil Play, Oklahoma and Closes Private Placement
…to the risks and uncertainties inherent in the Company’s business, including risks inherent in oil and gas exploration and development, and uncertainties in connection with anticipated commodity prices for oil and natural gas, growth of worldwide market demand,…
Peak oil notes – July 8
…investment banks and brokerage houses are beginning to sound a warning that higher oil prices are in the offing. Although this comes as no surprise to those following IEA statements and the analysis of many in the peak oil community, the markets seem to respond…
Oil hovers below $99
…was down 4 cents to $98.63 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose $2.02 to settle at $98.67 on Thursday. In London, Brent crude fell 72 cents to $117.87 per barrel on the ICE Futures…
Brent crude gains $1 traders cite North Seas oil loadings
…at $119.97. U.S. crude CLc1 was up 48 cents at $99.15. The North Sea Forties crude oil stream will load around 310,000 barrels per day (bpd) in August, down from July’s original schedule of 348,000 bpd, a trade source said on Friday, as oilfield problems…
Oil below $99 ahead of jobs report
…jobs data from June that could shed light on the strength of the U.S. economy. Benchmark oil for August delivery was down 4 cents to $98.63 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose $2.02…
Sensex ends 220 points lower; realty, FMCG, oil & gas down
…mining companies, to compensate people displaced by such projects. The panel, chaired by finance minister Pranab Mukherjee , which met on Thursday, also agreed to earmark 26 per cent of the profit made by coal mining companies, in favour of people directly…
Oil slips to near $98 ahead of key US jobs data
…economy added far more jobs than anticipated. By early afternoon in Europe, benchmark oil for August delivery was down 50 cents to $98.17 a barrel in electronic trading on the New York Mercantile Exchange. Crude rose $2.02 to settle at $98.67 on Thursday.
Namibia: Explorers Find Billions of Barrels of Oil
…opportunities for discovery are increased tremendously,” Katali said. Should Namibia strike black gold, it would take at least four years to produce oil, he said. Exploration activities planned for 2011-12 include Enigma Oil and Gas which has identified five…
Fundamental Oil Report (2011-07-08)
…oil is trading in a narrow range today after it rose significantly yesterday on ADP report which showed an improvement in the U.S. labor sector, the thing that spread optimistic outlook for the global growth. The ECB decision to suspend the collateral…
Sudan Braces for Protest, Violence as Oil-Rich South Secedes
…cope with losing control of almost three- quarters Sudan’s current daily crude production. Oil provides about 45 percent of its revenue and most of its foreign currency earnings. While the south will pay the north for the use of its export pipeline and port,…
Canada Has Lots of Oil; Does the U.S. Want It?
…determine how fast those benefits go up over time. Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive U.S.
Sensex in red; Metals, oil & gas, capital goods down
…points or 0.30 per cent. The broader index touched a high of 5740.40 and low of 5689.10 in trade so far. On the daily chart, we are observing that the prices are approaching near the downward sloping trenline joining the two significant highs of 21109 &…
