The death of Hugo Chavez and the prospect of a regime change in Venezuela are likely to attract investor interest in the short term.
Articles Tagged "NYSE:COP"
The Financial Post reported that India's Oil and Natural Gas Corp. denied that it, along with Oil India Ltd. and Indian Oil Corp., made a $5 billion bid for Canadian oil sands assets owned by ConocoPhillips (NYSE:COP). ConocoPhillips has not commented on the situation.
The Bedford Report released research on BP PLC (NYSE:BP,LSE:BP) and ConocoPhillips (NYSE:COP).
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
The Trans Alaska Pipeline was shut down on Saturday following the discover of a leak at an intake pump station at Prudhoe Bay, constricting supply in one of the United States' key oil arteries. Cold weather in the Northeast during December translated into 5 consecutive stock draws in the Central Atlantic, while New England stocks fluctuated during the month.