Oil fell below $34
Oil fell below $34 on Friday to its lowest level in almost five years as the global economic slowdown overshadowed OPEC’s record supply cuts. For full story, click here
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Brazil plans to invest $400 bn to develop offshore oil fields
Friday, November 14, 2008
Brazil plans to invest some $400 bn in coming 10 years to develop new offshore fields that may contain as much as 80 billion barrels of oil. For full story, click here
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Benchmark: July 31
Thursday, July 31, 2008
Less mixed has been the effects of the long oil trading boom on the New York Mercantile Exchange itself. NYMEX Holding Inc (NYSE:NMX) has more than doubled its quarterly profit since last year. The market is in the process of being acquired by CME Group Inc (NASDAQ:CME).
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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
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.
OilInvestingNews.com maintains a focus on Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
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Friday, December 19, 2008