Nigeria’s government said that it will sell the nation’s four oil refineries to raise funds as falling crude prices widen the country’s budget deficit. For full story, click here
Read the full article: "Nigeria to Sell Country’s Four Crude Oil..."
Friday, February 27, 2009
Exports through the Caspian pipeline, which carries Kazakh crude oil to the Black Sea, were unaffected by a leak, the Caspian Pipeline Consortium said in a statement on Friday. For more information, click here
Read the full article: "Caspian Pipeline export of crude Continue..."
Friday, February 27, 2009
The U.S. Commodity Futures Trading Commission said it is probing the involvement of United States Oil Fund and other investors regarding an increase in the price difference between two oil contracts this month. For more information, click here
Read the full article: "CFTC investigating United States Oil Fund in..."
Friday, February 27, 2009
Crude jumped to settle above USD 45 per barrel, a month high, on expectations that the Organization of the Petroleum Exporting Countries (OPEC) will decline output again and on signs of a rebound in gasoline demand. For more information, click here
Read the full article: "Crude at one-month high, trades at $45/bbl"
Thursday, February 26, 2009
The Philippines has made the first oil exports from its new Galoc field, originally aimed for use by domestic refineries, to take advantage of better prices of sour crude in regional markets. For full story, click here
Read the full article: "Philippines completes first exports of Galoc..."
Thursday, February 26, 2009
Japan’s third-biggest oil refiner Idemitsu Kosan Co announced that it is likely to refine around 300,000 kilolitres (about 1.9 million barrels) less crude oil in April than a year earlier due to an adjustment in its refinery maintenance schedule. For more information, click here
Read the full article: "Japan’s Idemitsu to refine less crude..."
Thursday, February 26, 2009
As crude prices revolve around four-year lows, the Indian government may look at cutting diesel prices further that will help cool inflation. For more information, click here
Read the full article: "Indian government considering cut in diesel..."
Thursday, February 26, 2009
Oil rose, trading near the highest in a month, as stronger equities markets and declining U.S. gasoline supplies increased speculation that demand for fuel may improve. For full story, click here
Read the full article: "Crude Futures Trade Near One-Month High"
Tuesday, February 24, 2009
Exxon Mobil closed crude unit for work at its 238,000 barrel per day refinery in Joliet, Illinois over the weekend for unplanned work. For more information, click here
Read the full article: "Exxon closed Joliet crude unit over weekend"
Tuesday, February 24, 2009
Japan’s top refiner Nippon Oil Corp. said that it expects to refine 22 percent less crude oil in March from a year earlier, due to slump in domestic demand and global economic crisis. For more information, click here
Read the full article: "March crude refining down for Nippon"
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.
Friday, February 27, 2009