Less mixed has been the effects of the long oil trading boom on the New York Mercantile Exchange itself. NYMEX Holding Inc (NYSE:NMX) has more than doubled its quarterly profit since last year. The market is in the process of being acquired by CME Group Inc (NASDAQ:CME).
Read the full article: "Benchmark: July 31"
Thursday, July 31, 2008
Royal Dutch Shell’s second-quarter profit climbed 33 percent due to record crude prices and higher natural gas. For full story, click here
Read the full article: "Shell’s Q2 profit climbed 33%"
Thursday, July 31, 2008
India’s Reliance Industries plans to test-run its huge new refinery by September, as per company officials. An official was quoted as saying: Trial runs will begin in August-September as we started filling tankages this month only. Click here for more information
Read the full article: "Reliance plans to test run refinery by..."
Thursday, July 31, 2008
The U.S. Interior Department will continue selling to small refiners crude oil turned over to the government as royalties. For full story, click here
Read the full article: "U.S. will continue selling small refiners..."
Thursday, July 31, 2008
Mexico’s Pemex is planning for a new oil refinery with a processing capacity of 300,000 barrels per day of heavy crude. For full news, click here
Read the full article: "Pemex presents plan for new oil refinery"
Thursday, July 31, 2008
South Korea’s spot fuel exports will decline in August by 16 per cent from July, due to a fuel oil production cut by SK Energy. For full news, click here
Read the full article: "South Korea will cut spot fuel oil exports"
Thursday, July 31, 2008
Indian Oil Corp (IOC), India’s largest fuel retailer, on Wednesday reported a 71% dip in its Q1 net profit as good refinery margins was not enough to cover the revenue loss on fuel sales. For full news, click here
Read the full article: "Indian Oil’s net profit dips 71%"
Thursday, July 31, 2008
Crude-oil inventories fell for the second consecutive week. Gasoline stockpiles also declined by nearly 2 percent, as per weekly US government data. For full news, click here
Read the full article: "Crude stockfiles fell for the second..."
Thursday, July 31, 2008
Even though U.S. government weekly oil data showed an unexpected decline in the country’s gasoline inventories, market participants questioned demand resilience in the face of record-high prices. For full news, click here
Read the full article: "Crude Holds Steady as market questions..."
Wednesday, July 30, 2008
Canada based Verenex Energy Inc., a Canada-based has confirmed oil discovery in Ghadames Basin in Libya. For full news, click here
Read the full article: "Verenex discovers oil in Libya"
The Crude Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
OilInvestingNews.com maintains a focus on Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Get our exclusive independent commentary on oil trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Thursday, July 31, 2008