Drilling off Vietnam in an area freed for exploration by an agreement on sea boundaries with Indonesia shows signs of oil and gas and the existence of a working petroleum system. For full story, click here
Tuesday, May 5, 2009
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Continue reading "Crude oil headed for $71.55 a barrel"
Tuesday, May 5, 2009
Indonesia’s PT Astra Agro Lestari announced that it has sold 3,500 metric tons of crude palm oil offered in an auction. For full story, click here
Continue reading "Indonesia’s Astra Agro sold 3,500 tons of crude oil"
Wednesday, April 1, 2009
Indonesia’s output of crude oil and condensates averaged 963,269 barrels a day over the January-February period. For full story, click here
Continue reading "Indonesia’s Jan-Feb crude output condensate to 963,269bbl/day"
Monday, September 29, 2008
Another rough day for investors this Monday. As it became clear that the American House of Representatives would reject the authorization law for the executive’s $700 billion financial sector bailout plan, commodities began to tank. Oil futures shed more than $10 of their value during the day, dropping to $96.37 per barrel.
Continue reading "Benchmark: Troubled waters"
Monday, August 4, 2008
Indonesia’s oil watchdog, BPMIGAS, warned that country’s declining oil reserves could be finished in 10 years’ time if no new reserves are found. Edi Purwanto, deputy chief of watchdog, BPMIGAS, said: The declining rate in production is between 8 to 10 percent per year. That means production will finish in 10 years’ time if we have not [...]
Continue reading "Indonesia’s oil reserves to finish in 10 years"
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.
Monday, June 8, 2009