The lack of availability of rigs prevented Reliance Industries and Oil & Natural Gas Corp (ONGC), two of India’s biggest oil explorers, to benefit from record crude oil prices in the first six months of this year. For full story, click here
Record-shredding spike in gasoline prices has finally ended with Americans opting for lesser driving, thereby reducing the demand for gasoline’s raw material, crude oil. For full news, click here
Crude oil gain for a second day on concern that the recent attack on Royal Dutch Shell pipeline in Nigeria will trigger more violence. For full story, click here
OPEC President Chakib Khelil said: Crude oil prices are “abnormal” and the producer group shouldn’t cut output as it needs to ensure adequate supply. For full news, click here
Oil and Natural Gas Corporation, India’s largest oil exploration and production company, reported a higher-than-expected 44% jump in net profits, due to record high crude oil prices. For full story, click here
Diversity is a strength in any portfolio. Big multinationals can anchor your portfolio with steady returns, while some exposure to juniors in different regions gives you the chance for a big score.
This past week saw a drawdown of barrel prices on the NYMEX. If your investments include significant exposure outside the commodities sector this is welcome news. The retreating price was largely caused by less demand, especially in the United States.
The intertwined life cycles of clownfish and sea anemones amply demonstrate a mutually beneficial relationship. Such interactions are common in the hydrocarbon business. With a supermajority of known oil and natural gas supplies being held by state-controlled firms, publically traded energy companies are compelled to cooperate.
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.
CrudeInvestingNews.com maintains a focus on Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
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