China Output Dipped Slow in July
China’s crude output edged down 0.3 percent in July from a year earlier, a slower dipped versus June. For full story, click here
Articles Tagged "dip"
China Crude Oil Output has hit 93.49 mln tonnes in H1
Xinhua declared that China’s crude oil output hit 93.49 million tonnes in the H1 a decrease of 1%YoY. For full story, click here
Nigeria’s Crude Oil Reserve dipped, Not Unexpected
The Department of Petroleum Resources declared that the country’s crude oil reserve have dipped from 39 billion barrels to 32 billion may afterall not have come as a thing of surprise to operators of the industry. For full story, click here
Vaalco Energy has swung to loss in Q1
Crude oil explorer Vaalco Energy, Inc. News declared a loss in the first quarter, compared to a profit last year, reflecting heavy unsuccessful exploration costs and a significant dip in crude oil prices. For full story, click here
RIL hit by dip by fall in crude price, Q4 net dips 1%
Reliance Industries Ltd., India’s leading company by market capitalisation, reported a quarterly net profit dip of 1 per cent on the back of dwindling global crude prices that impacted product prices and refining margins. Chairman and Managing Director Mukesh Ambani stated: This was a transformational year for Reliance. For full story, click here
Russia’s crude oil output surged
Crude oil output from Russia is expected to boast modest gains in 2009 despite earlier forecasts of a dip in the industry. For full story, click here
Crude oil fell $2.05
Crude oil dipped $2.05 to $52.29 a barrel in electronic trading on the New York Mercantile Exchange. For full story, click here
Canada’s currency is little changed as crude oil fell
Canada’s currency was little changed as crude oil dipped and futures indicated U.S. stock indexes may open flat. Christian Lawrence, a currency strategist at RBC Capital Markets in London, said: The market is waiting for the U.S. open, to see where stocks are going to go. For full story, click here
Pemex’s crude oil reserves dipped for 10th consecutive year
Petroleos Mexicanos, the state-owned oil company, reported that crude oil reserves last year fell for the 10th straight year in a row. For full story, click here
Petrobras says spending isn’t easy
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, reported that its plan to invest $95 million a day isn’t easy after oil dipped more than $100 a barrel since July. For full story, click here
