Marathon Oil Corp. declared that it has refined less crude oil in the second quarter than a year ago and said it will take a charge related to foreign currency and taxes when it reports its quarterly earnings next month. For full story, click here
Continue reading "Marathon Oil has seen a dip in Q2 Crude Refining"
Tuesday, June 2, 2009
Iraq’s largely autonomous Kurdish region on Monday officially commenced oil exports from two fields it had developed with foreign oil firms through contracts the Baghdad government describes as illegal. For full story, click here
Continue reading "Iraq’s Kurdistan commenced exporting crude"
Wednesday, May 13, 2009
Oil rose for a second day on Wednesday, after an industry group reported U.S. crude stockpiles dropped for the second week in a row and the dollar declined. Oil has climbed 34 percent this year, tracking global equity markets on optimism that an economic recovery will spur demand for fuel. Additional support for crude prices came from the dollar, which fell to the lowest level against the euro since March, bolstering demand for commodities as a hedge against inflation.
Continue reading "Dollar Slides, Crude Jumps"
Tuesday, May 12, 2009
Iraq’s Oil Minister Hussein al-Shahrastani declared that Kurd’s oil deals with foreign oil firms still considered illegal despite approving Kurdish plans to export crude oil through national pipelines. For full story, click here
Continue reading "Iraq declared Kurd’s Oil deals still illegal"
Monday, October 6, 2008
Clearly Monday was not particularly good news for oil companies. With futures settling below $90 per barrel, ($87.81 when Benchmark went to proofing) the industry is seeing the lowest prices since February.
Continue reading "Benchmark: How low can it go?"
Wednesday, July 30, 2008
Bush was quoted as saying: We need to send a clear signal to the world: We’re tired of being dependent on oil from overseas. Let’s find it here in the United States of America. For full news, click here
Continue reading "Bush wants to free USA from foreign oil sources"
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Wednesday, July 15, 2009