StateOil Hydro will purchase Oil Terminal In Bahamas for $263.2 mln
StatoilHydro declared it has signed a deal to purchase South Riding Point crude oil terminal in the Bahamas for $263.2M. For full story, click here
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Downward Pressure On Oil Price
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"
Drift River Oil draws down crude oil at Mount Redoubt terminal
Monday, April 6, 2009
The Drift River oil terminal at the base of Mount Redoubt announced that it has moved forward with plans to draw down crude oil. For full story, click here
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Asides 
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