Oil Prices Trade Retreat From $50
Oil prices fell further below the key $50 threshold Friday , as investors took profits from the recent rally and the dollar strengthened. Trading volume was among the lowest for Continue Reading
Oil Trims Third Weekly Gain as Canadian Crude Supply Returns
Oil trimmed its third weekly advance as Canadian energy producers moved to resume operations after wildfires eased. Futures fell 0.9 percent in New York, paring the weekly advance to 2.7 Continue Reading
As crude hits $50 a barrel, options market suggests jitters
With the price of oil finally touching $50 a barrel this week, producers and speculators have been loading up on options to protect themselves from a downside risk, signaling there Continue Reading
Oil prices retreat from $50 on oversupply concerns, stronger dollar
Oil futures slipped in Asian trade on Friday after hitting resistance at the $50 a barrel mark as investors worried higher prices could reactivate shuttered crude output, adding to global Continue Reading
Nigeria Bleeds As Militants Blow Up More Pipelines
The nation’s crude oil fortunes took another downward plunge, yesterday, following attacks by Niger Delta Avengers, NDA, on pipelines close to Escravos Tank Farm at Ciera creek, near Abiteye community, Continue Reading
The long twilight of the big oil companies
The annual meetings of some of the world’s largest oil companies this week were like therapy sessions for an industry that is suffering from existential angst. The international objective of Continue Reading
War-Torn South Sudan To Resume Oil Production In July
South Sudan’s transitional government has announced it will resume oil production by July after a halt of more than two years during a bloody civil war for control of the Continue Reading
Two More Militant Attacks on Nigerian Crude Pipeline – More Barrels Offline
In two simultaneous attacks late on Thursday, the Niger Delta Avengers (NDV) have targeted a state-run crude pipeline near the Batan oilfield. The oil and gas pipeline is near the Continue Reading
Saudi offers more oil to Asian clients ahead of OPEC meet
Saudi Arabia is offering extra crude to customers in Asia, a sign the world’s largest oil exporter does not intend to cut output as it battles for market share with Continue Reading
Why Chevron Is Investing $37B In The World’s ‘’Most Difficult Oil’’
Tengiz Oil Field I wrote Wednesday about Australia’s Oil Search making a major $2.2 billion investment in Papua New Guinea natural gas. Noting this as a sign the right projects Continue Reading