With all of the attention to the petrochemicals industry currently, a recent survey conducted by Resources Investing News has highlighted both oil and natural gas sectors as areas of high interest for investors.
Continue reading "Oil and Gas: A Top 5 Resource Pick"
Tuesday, June 8, 2010
Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Continue reading "Oil Prices Climb on Supply Concerns and Bernanke Comments"
Tuesday, June 2, 2009
India’s Hindustan Petroleum Corp. has purchased one cargo of Nigerian Escravos crude oil late last week via its regular monthly tender for sweet crude. For full story, click here
Continue reading "India’s Hindustan Petroleum has purchased Nigerian Crude Oil"
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"
Friday, April 17, 2009
Recent dismal economic data and growing U.S. inventories kept oil prices below $50 a barrel Friday despite hopes of a possible second-half recovery in crude demand. Benchmark crude for May delivery fell 40 cents to $49.58 a barrel by Noon in European electronic trading on the New York Mercantile Exchange. The contract on Thursday rose 73 cents to settle at $49.98.
Continue reading "Downward Pressure On Oil Price"
Friday, April 10, 2009
India’s second-largest state-run refiner, Bharat Petroleum Corp. announced that it has issued a tender to purchase May-June loading sweet and sour crude. For full story, click here
Continue reading "India’s BPCL forecasted sweet and sour crude"
Thursday, April 9, 2009
Nigeria President Umaru Yar’Adua has announced dismissal of top managers across the board of the state Nigerian National Petroleum Company. For full story, clcik here
Continue reading "Nigeria announced replacement of executives at state oil firm"
Monday, April 6, 2009
Oil prices vaulted 9 per cent in NY Thursday, in tandem with a powerful stocks rally, as investors cheered G20 agreements to combat the global downturn and an easing of US accounting rules. On Friday, oil prices settled above $52 a barrel, slightly lower on the day after a report that US unemployment in March soared to a 25-year high. But optimism that the economy will soon turn around curtailed losses.
Continue reading "Oil Price Peaks And Slides"
Friday, April 3, 2009
Rising by nearly three dollars, the price for oil produced by the Organisation of the Petroleum Exporting Countries ended the day at $50 a barrel. For full story, click here
Continue reading "OPEC oil price surged to $50 a barrel"
Thursday, April 2, 2009
TransAtlantic Petroleum Corp. announced the year End 2008 Results and reported that the company has incurred a consolidated net loss for 2008 was $8.6 million or $0.13 loss per share. For full story, click here
Continue reading "TransAtlantic Petroleum year end 2008 financial results"
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.
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OilInvestingNews.com maintains a focus on Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Tuesday, June 22, 2010