Although there are more than 40,000 oil and gas fields of all sizes in the world, slightly less than 80 percent of the proven reserves are concentrated in eight countries, of which only Canada and Russia are not OPEC members.
Read the full article: "What Makes an Oil Deposit World Class?"
Thursday, July 8, 2010
Japanese and South Korean refiners have increased oil purchases from Russia, eroding the dominance of Middle Eastern suppliers and electing for a more competitive crude source that is three weeks closer by ship. While Russian exports have surged over the last 6 months, the Middle East remains dominant, with total Middle East output in June around 19.9 million barrels, while Russia’s output was 10.3 million barrels, peaking at 330,000 barrels a day in June.
Read the full article: "Russia and Middle Eastern Oil Sources..."
Tuesday, June 22, 2010
With all of the attention to the petrochemicals industry currently, a recent survey conducted by Resources Investing News has highlighted both oil and natural gas sectors as areas of high interest for investors.
Read the full article: "Oil and Gas: A Top 5 Resource Pick"
Tuesday, June 8, 2010
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.
Read the full article: "Oil Prices Climb on Supply Concerns and..."
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.
Read the full article: "British Petroleum Oil Spill Draws Criminal..."
Monday, May 24, 2010
Attempts are made to try out this argument, in a few diehard neoliberal New Economy circles, for example tracing problems reducing the USA’s extreme high, but falling trade deficit, to “stubbornly high” oil prices.
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Read the full article: "The Market Oracle reported on DID HIGH..."
Thursday, November 5, 2009
Flagging of its interest in the black gold this week, China National Oil Corporation secured its place in Iraq. Together with BP, it signed the first big oil deal. Why the sudden interest in oil?
Read the full article: "China & Crude: Battling New Frontiers"
Monday, October 26, 2009
All eyes are on oil majors, as they battle a refining slump. BP reports results Tuesday, followed by Conoco on Wednesday, Exxon and Shell on Thursday, and Chevron on Friday. Though the sector is up 20 per cent, refineries are struggling as demand remains limp. Is there a way out?
Read the full article: "Down, Down, Down For Oil Majors?"
Thursday, October 15, 2009
Gold may be taking off right now, but it’s not the only thing in an uptrend. Energy is also moving higher. The considerable drop of investment in oil exploration and production is, however, set to bring the risk of oil prices hike in the future. In Iraq, a different picture is playing out.
Read the full article: "What’s Adding Fuel To The Fire?"
Thursday, October 8, 2009
Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.
Read the full article: "Advantage: Crude"
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Thursday, July 15, 2010