Mexico expects its basket of crude oil exports, a key source of government revenue, to fetch around $53 per barrel in 2010. For full story, click here
Continue reading "Mexico has seen Its Crude at $53 per barrel in 2010"
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"
Monday, May 4, 2009
Shares of Indian oil & gas producing companies surged this Monday as the higher crude oil prices improved revenue expectations. However, shares of oil marketing companies dipped on concerns higher crude prices may hamper their profitability. For full story, click here
Continue reading "Gain on Higher Crude Oil Prices"
Thursday, April 30, 2009
China’s top offshore oil and gas producer CNOOC Ltd. produced 15 percent more oil and gas in the first quarter, but its total revenue dips 42 percent due to the sharp fall in crude prices. For full story, click here
Continue reading "CNOOC Q1 output surge 15 percent, sales dip on lower crude"
Friday, April 24, 2009
Unbridled Energy (CVE:UNE) today provided updated results for the year ending December, 2008. The company reported a 1,500% gain in revenue over the same period in 2007.
Continue reading "Unbridled Year End Results"
Friday, March 13, 2009
Algeria has projected total oil receipts for 2009 to reach between US$30 and US$40 billion, compared to US$78 billion in 2008, as the prices of crude in international market continues on the downward trend. For full story, click here
Continue reading "Algeria’s crude oil revenue fell"
Wednesday, December 17, 2008
Oil and Natural Gas Corp, India’s largest oil and gas producer, lost over Rs 1,570 crore in revenues on sale of natural gas at price lower than its cost of production during 2007-08. For full story, click here
Continue reading "ONGC loses over Rs 1,570-cr in revenues"
Tuesday, November 11, 2008
It is obvious that a barrel price below $60 on the NYMEX is bad news for oil companies. Part of the drop reflects a strengthening American dollar, but recent demand forecast revisions are bleak. Governments, companies and investors think a prolonged recession or period of low growth is in the offing, and everyone should take note.
Continue reading "Benchmark:South of US$60"
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?"
Tuesday, September 2, 2008
Greencastle Resources Ltd is proud to report on the Company’s second quarter operating results and activities. Anthony Roodenburg, CEO, said: There has never been a better time to sell heavy oil and our discovery at Primate continues to provide shareholders with a solid financial foundation. Greencastle management continues to work to protect and grow the [...]
Continue reading "Greencastle Reports Record Quarterly Revenue and Profit"
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Wednesday, August 12, 2009