Kuwait resumes oil exports after storm disruption
Kuwait restarted oil exports on Sunday after a halt caused by storm which also affected Iran. For more information, click here
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Tag Archive | "storm"
Benchmark: Troubled waters
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.
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Crude at $113/bbl as Hurricane Gustav weakens
Monday, September 1, 2008
The US National Hurricane Centre said that Hurricane Gustav has weakened from Category three storm to a Category two storm. The NHC expects the hurricane to make a landfall in Louisiana and said that the storm would weaken after it moves inland. More than 96% of the gulf of mexico production has shut down. Prices [...]
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Benchmark: August 29
Friday, August 29, 2008
Oil prices are being pushed upwards by the impending arrival of tropical storm Gustav in the Gulf of Mexico. Gustav is projected to become “the largest hurricane in the Gulf of Mexico since Katrina”. Workers are already being evacuated from oil and gas rigs in the area, which has pushed up NYMEX oil futures past $117.
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Oil rises for third day on supply concerns
Tuesday, August 26, 2008
Oil jumped for a third straight session on Wednesday to near $117 a barrel on growing supply concerns over Tropical Storm Gustav. Tetsu Emori, a fund manager at Astmax Co in Tokyo, said: I’m afraid (Gustav) could potentially cause an impact similar to hurricanes Katrina and Rita, although I certainly do not wish such things. For more [...]
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Oil prices dipped close to $110 per barrel
Tuesday, August 19, 2008
Crude oil prices dipped near 110 dollars on Tuesday as Tropical Storm Fay avoided oil and gas production facilities in the Gulf of Mexico, reducing worries about supply constraints due to closure of production facilities. Sucden analyst Andrey Kryuchenkov said: Crude prices were lower, extending losses from yesterday (Monday) as fears over a tropical storm in the [...]
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Oil jumps as Storm Nears Gulf of Mexico
Monday, August 18, 2008
Crude oil rose for the first time in three days as a storm moved towards Gulf of Mexica, prompting evacuations from rigs and platforms in the Gulf of Mexico. A senior broker at Bache Commodities Ltd. in London said: After oil plumbed new lows at the end of last week, Storm Fay caused a recovery in prices. For [...]
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Oil output recovers in US Gulf after storm
Thursday, August 7, 2008
Crude oil production from the Gulf of Mexico was nearly fully recovered on Thursday from minor disruptions caused by the recent Tropical Storm Edouard. For full story, click here
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Tropical Storm Edouard Causes Contango to Shut-In Production
Monday, August 4, 2008
Contango Oil & Gas Company reported to shut-in production and evacuate all personnel at its Dutch and Mary Rose fields, due to Tropical Storm Edouard. For more news, click here
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- Adira Energy Ltd. – Developing Energy Resources in Israel
- Primary Petroleum – Alberta Basin Bakken
- Simba Energy Inc. – Pursuing Oil and Gas Opportunities in West Africa
- Zone Resources Inc. – Developing the Girard Iron Property
Asides
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Sunday, February 22, 2009