Crude Oil Dropped 0.8 Percent
Bloomberg reported that crude oil dropped as Chinese manufacturing contracted for a second month in December.
Archive for 2011
Top 10 Active Canadian Junior Oil Stocks 2011
A look at some of the most actively traded junior oil exploration stocks on the TSX Venture Exchange in 2011.
US Crude Oil Supplies Rose by 3.9 Million Barrels
The Associated Press reported that U.S. crude oil supplies increased by 3.9 million barrels.
Oil Rises 0.3 Percent on U.S. Economic Data
Bloomberg reported that oil inched up on U.S. Economic Data and on concern over growing tension in the Middle East.
Afghanistan Signs Oil Deal with China’s CNPC
Reuters reported that Afghanistan has signed a deal with China National Petroleum Corp for the development of oil blocks in the Amu Darya basin.
RockBridge Enters Into Joint Venture With Crimson Energy Ltd.
RockBridge Resources Inc. (TSXV:RBE) reported a joint venture through farm-out or purchase up to five Alberta oil and gas projects with Crimson Energy Ltd. of Calgary.
Oil Options Volatility Surges
Bloomberg reported that oil options volatility surged after the underlying futures declined.
Saudi Arabia Needs $74 a Barrel to Balance its 2012 Budget
Bloomberg reported that according to Jadwa Investment Co., Saudi Arabia requires $74 a barrel for its crude exports in 2012 in order to balance its budget.
Magnum Hunter Reported Production Guidance
Magnum Hunter Resources Corporation (NYSE:MHR) reported its production guidance for 2011 and 2012 due to higher production levels from new well completions.
Oil Prices Surged 1.7 Percent
Bloomberg reported that oil prices surged 1.7 percent after Iran threatened to block transportation.
