Crude settled higher at $41.17 a barrel
The oil and gas group rose 1.9 percent as the price of crude settled higher at $41.17 a barrel. For full story, click here
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Crude oil for March delivery gained
Thursday, February 5, 2009
Crude oil for March delivery gained as much as $1.01 (nearly Rs49), or 2.5%, to $41.79 a barrel in electronic trading on the New York Mercantile Exchange. For full story, click here
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Oil falls below $42, Saudi says price to stabilise
Tuesday, February 3, 2009
Oil fell below $42 a barrel, in a retreat from session highs achieved earlier partly in response to a weak US dollar and comments from Saudi Arabia that OPEC supply cuts will stabilise the market. For full story, click here
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Oil deepens losses below $40, eyes on economy
Tuesday, February 3, 2009
Oil prices extended their sharp fall to drop further below $40 a barrel on Tuesday, weakened anew by growing signs of deteriorating world oil demand. For full story, click here
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Falling crude, credit turmoil may delay NELP VIII bidding
Monday, February 2, 2009
Bidding for oil exploration blocks in India is likely to see huge delays with most oil companies hesitant to pump in money into such risky ventures. For full story, click here
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Oil majors’ outlook stable despite price drop
Monday, February 2, 2009
Credit ratings agency Moody’s Investors Service said that the financial outlook for oil majors’ is stable despite a sharp fall in oil prices. For full story, click here
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Oil prices higher amid hopes for economic rebound
Thursday, January 29, 2009
Oil prices rose on Wednesday as hopes for an economic rebound offset the impact of surging US crude oil inventories and a gloomy global outlook from the International Monetary Fund. Thierry Lefrancois of French investment bank Natixis, said: If US inventory stats continue to disappoint, we should expect to see a re-cheapening of WTI (West [...]
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Latest cut by OPEC helped oil prices recover
Tuesday, January 27, 2009
The latest cut by OPEC helped oil prices recover from recent lows, although prices remain much below the head of OPEC’s 2009 target of USD 75 per barrel, a price Mr Botelho de Vasconcelos says is necessary for oil exploration to be viable. For full story, click here
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London Brent rise USD 2.98 to USD 48.37 a barrel
Tuesday, January 27, 2009
London Brent rise USD 2.98 to USD 48.37 a barrel on January 23rd 2009 and US crude settled up 2.80 at USD 46.47 per barrel. For full story, click here
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Crude for March delivery CLc1 fell 57 cents
Monday, January 26, 2009
Crude for March delivery CLc1 fell 57 cents to $45.90 a barrel in Globex electronic trading by 2346 GMT. The contract settled up $2.80, or 6.41 percent, at $46.47 a barrel. For full story, 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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Friday, February 6, 2009