Oil Market News provides oil investors with the latest up-to-date market news and trends on topics ranging from supply and demand, oil prices, regional events, and upcoming conferences.

Total SA to Restart Work in South Sudan’s Block B

Friday, February 3, 2012

Bloomberg reported that Total SA (NYSE:TOTFP) plans to restart exploration work in South Sudan’s Block B.

Oil Rose 1.5 Percent After Improvement in U.S. Job Data

Friday, February 3, 2012

Bloomberg reported that oil rose 1.5 percent after the U.S. jobless rate dropped.

Oil Prices Fluctuated as Demand Falls in US

Thursday, February 2, 2012

Bloomberg reported that oil prices fluctuated on concern over falling demand in U.S.

Shell Reports Global Oils Refining Surplus of 6 Million Barrels

Thursday, February 2, 2012

Reuters reported that according to Royal Dutch Shell (NYSE:RDS.A), the global oil refining industry has 6 million barrels per day surplus capacity.

Oil Drops 0.6 percent as U.S. Stockpiles Rise

Wednesday, February 1, 2012

Bloomberg reported that crude oil fell 0.6 percent after U.S. crude stockpiles surged and gasoline consumption dropped to a 10-year low.

Marathon Oil Weaker 2011 Q4 Profits

Wednesday, February 1, 2012

Zacks reported that Marathon Oil Corporation (NYSE:MRO) announced weaker fourth quarter 2011 profits.

North Sea Oil Exports to Asia at 8-Year High

Wednesday, February 1, 2012

Bloomberg reported that North Sea oil exports shipped to Asia have surged to the highest in the past eight years.

Oil Gains 1.9 Percent on Europe Optimism

Tuesday, January 31, 2012

Bloomberg reported that oil futures gained 1.9 percent as Greece expressed that debt resolving talks hare moving towards positive direction.

Sudan Frees Four South Sudanese Oil Tankers

Monday, January 30, 2012

Reuters Africa reported that Sudan has set free four tankers loaded with South Sudanese oil.

Oil Drops 0.9 Percent on Concern EU Debt Talks May Fail

Monday, January 30, 2012

Bloomberg reported that oil inched down 0.9 percent on concern that EU leaders may not be successful in resolving the debt crisis.

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