OPEC’s income from oil and gas exports jumped 35 percent to more than $1 trillion last year as world oil prices hit record highs of almost $150 per barrel. For full story, click here
Continue reading "OPEC Oil, Natural Gas Income has topped $1trillion, reserves surge"
Monday, March 9, 2009
Brazil’s crude oil major Petrobras, due to additional output from new production facilities, reported that it touched a company production record of 2,012,654 b/d on Mar. 4, surpassing by 12,420 b/d its previous high mark set on Dec. 25, 2007. For full story, click here
Continue reading "Petrobras production facilities boost output to record level"
Friday, December 19, 2008
Oil fell below $34 on Friday to its lowest level in almost five years as the global economic slowdown overshadowed OPEC’s record supply cuts. For full story, click here
Continue reading "Oil fell below $34"
Thursday, November 13, 2008
Crude oil prices may decline as low as $US40 a barrel in coming months as the global recession worsens and household demand weakens. For full story, click here
Continue reading "Oil Demand likely to fall for first time in 40 years"
Tuesday, November 4, 2008
Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot hold. Recession or recovery, echo boom or bust, few are predicting prolonged instability somewhere between these extremes.
Continue reading "Benchmark: Things fall apart?"
Thursday, October 30, 2008
Dutch company Shell has posted a jump in its Q3 profits to $8.45bn (£5bn) as crude oil prices increased to a record high. For full story, click here For company’s website, click here
Continue reading "Shell profits jump to £5bn on record crude prices"
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"
Wednesday, August 27, 2008
Tullow Oil Plc reported that the first-half profit jumped to a record amid surging crude prices. For more information, click here For company’s website, click here
Continue reading "Tullow’s H1 profit jumps to Record on Crude 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.
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Thursday, July 9, 2009