Independent petroleum refiner Coffeyville Resources Refining & Marketing, LLC, a subsidiary of CVR Energy, Inc. , declared that it has agreed to extend by a year the initial term of its crude oil supply agreement with Vitol Inc. For full story, click here
U.S. crude oil futures dipped, hitting the lowest level since mid-May, as the latest forecast from the International Energy Agency stirred more worries about oil demand. For full story, click here
Japan Energy Corp, the nation’s sixth-biggest oil refiner, declared that it plans to cut its crude oil processing volumes for July-September by 9 percent from a year earlier due to slow domestic demand. For full story, click here
Lower oil output and weaker global energy prices pushed the Federal Government’s revenues dip by ₦182 billion or 32 percent below target in the first quarter. For full story, click here
FairWest Energy Corporation declared that, subject to regulatory approval, it intends to offer up to 20,000,000 flow through common shares at $0.10 per share. For full story, click here
Oil prices slipped on profit-taking and a surge of the dollar, one day after striking 2009 peaks above $73 on signs of recovery for energy demand, traders said. New York’s main futures contract, light sweet crude for delivery in July, sank 51 cents to 72.17 dollars a barrel. The contract had hit $73.23 on Thursday [...]
Oil, gas and renewable energy company Genesis Energy Holdings Limited declared the signing of a letter of intent with US OTCBB traded BayHill Capital Corporation, pursuant to which Genesis Energy, through its subsidiary Genesis Petroleum US Inc., will inject its interest in Grassy Trails Oil Field into a new energy joint venture to be formed [...]
Many believe that the growing urgency by Asian countries, particularly China, Japan, India and South Korea, to secure energy sources is beginning to shape profound changes in global relations, both economic and political. For full story, click here
Top U.S. refiner Valero Energy Corp. has planned to raise $720 million through a share sale this month to bolster its capital spending plans and bankroll acquisitions. For full story, click here
Cobalt Energy Ltd. announced that it has filed with applicable Canadian securities regulatory authorities its unaudited first quarter financial statements and related Management Discussion and Analysis for the three months ended March 31, 2009. For full story, click here
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