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.
Continue reading "Benchmark: August 29"
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"
Monday, August 25, 2008
Barrel prices nosed upward of $115 on Monday, largely due to a sagging US dollar. Analyzing this in reference to last week’s barrel and dollar prices shows the extent to which crude is tied to currency differentials. The relationship is not one sided, either. For us Canadians, high oil prices are keeping our dollar near parity with that of our neighbours.
Continue reading "Benchmark: August 25"
Thursday, August 21, 2008
TULLOW Oil shares rallied yesterday as UBS reported that the stock was worth a second look, after losing almost a third of its value from the highs of two months ago. For more information, click here For company’s website, click here
Continue reading "Tullow Oil rallies in anticipation of strong interim figures"
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Friday, August 29, 2008