Foreign exchange gains, lower interest coupled with inventory gains have helped Indian Oil Corporation Ltd post a nine-fold jump in net profit for the first quarter of the current fiscal. For full story, click here
Continue reading "Indian Oil Pumped Up Nine-Fold Surge in Q1 Profits"
Sunday, August 2, 2009
The government has received $510,000 as its share of profit petroleum on commercial production of the Krishna-Godavari (KG) block crude oil for seven months. For full story, click here
Continue reading "Govt. got $510,000 as profit share from KG Crude Output"
Tuesday, July 28, 2009
Valero Energy Corp. swinged to a second-quarter loss as an earlier strategy to process heavier grades of crude oil backfired amid falling sales volume and prices. In addition, diesel and jet fuel profit margins were weak. For full story, click here
Continue reading "Valero Energy Swung to 2Q Loss On Margin Pressure"
Monday, July 27, 2009
BP Plc, Europe’s second-biggest oil company, announced a 53 percent dip in profit as the recession dragged down energy prices and cut demand for fuel. For full story, click here
Continue reading "BP Profit has dipped on plunging Oil, refining margins"
Monday, June 22, 2009
Russian oil company Tatneft declared that its net profit surged 25 percent year-on-year in the first quarter on the back of sharply lower costs and taxes but still learned less per barrel than its peers. For full story, click here
Continue reading "Tatneft Q1 net surged 25% on lower costs, taxes"
Monday, June 15, 2009
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 [...]
Continue reading "Crude Oil dips after breaching $73"
Saturday, June 6, 2009
Russian oil producer OAO Lukoil Holdings on Wednesday declared its first-quarter net profit slipped 71% from a year earlier, hurt by a dip in crude prices. For full story, click here
Continue reading "Lukoil has returned to a profit amid higher crude prices"
Tuesday, June 2, 2009
Hindustan Petroleum Corporation Ltd. declared a net profit of Rs 5,104.04 crore in the fourth quarter of 2008-09 on the back of good refining margin and the government issuing large oil bonds to cover for fuel losses. For full story, click here
Continue reading "Hindustan Petroleum Q4 net zooms 13-fold on good refining margin"
Tuesday, May 19, 2009
State-owned Oil India Ltd, or OIL is expecting net profit to surge almost 12% to Rs2,000 crore for the fiscal ended 31 March on record crude oil output. For full story, click here
Continue reading "Oil India is expecting profits to surge to Rs. 2000 crore"
Thursday, May 7, 2009
Murphy Oil Corp.’s first-quarter profit has slipped 58% from a year ago, clobbered by a steep drop in crude oil and natural gas prices and higher drilling costs. For full story, click here
Continue reading "Murphy Oil profit slipped sharply on weaker energy prices"
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.
For upcoming crude oil investing trade shows, see the following links: Oil Sands Technology Show, Houston Energy Financial Forum
OilInvestingNews.com maintains a focus on Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Thursday, August 20, 2009