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Friday, November 20, 2009
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Sharp Response, but a Yawn From Crude
The IEA’s response to the explosive allegations was swift and direct.
Nobuo Tanaka, the IEA’s executive director, said peevishly ...
Friday, November 13, 2009
$80 Oil ? So what! What will the White House do when it hits $120?
“Oil down to $80!”
A year ago, that headline was impressive, because crude futures had been hanging out around $144 a barrel, and were ...
Monday, November 02, 2009
Last week, crude oil prices traded above $81 per barrel; an almost 10% higher bid than the summertime average of $75 per barrel. According to the Energy Information Administration’s Petroleum Navigator, ...
Friday, October 30, 2009
Crude oil prices are trading 1% lower today following a 3.1% jump yesterday after the Commerce Department released the Gross Domestic Product figure for the third quarter. The GDP report detailed the U.S. ...
Friday, October 30, 2009
... crude oil prices have jumped more than $2 today, breaking the $80 a barrel level yet again.
“The price depends very much on the economy of the U.S., which is the world’s biggest oil user. It’s pretty ...
Thursday, October 29, 2009
... profit in U.S. history last year, making $45.22 billion on the back of record crude oil prices. But the company's earnings have declined along with oil prices as the global economy contracted.
Conoco ...
Thursday, October 29, 2009
Crude oil prices are beginning to settle closer to the summertime average of $75 a barrel as recent government reports show gasoline inventories rising a surprising 1.6 million barrels; the first increase ...
Wednesday, October 28, 2009
... these issues are already at work. Although oil prices remain well below the all-time record of $147 a barrel set in July 2008, crude prices have been on the march of late. In fact, supply concerns recently ...
Wednesday, October 28, 2009
... to Sinopec’s vice president, Zhang Jianhua, “The international crude oil price has risen by a relatively big margin recently but the government didn’t raise fuel prices in line with the gains.” Sinopec ...
Wednesday, October 28, 2009
Crude oil prices have been climbing quickly over the past six months, with big jumps higher and swift pullbacks that have played havoc with oil companies’ earnings.
And now, after clawing its way back ...
Tuesday, October 27, 2009
12.
China Shocks Oil Market
(Matching tags: Energy Products,Crude Oil,China Investments,Sandy Franks,Taipan Insider)
This week the big oil companies – Conoco, Chevron, and Exxon – will report earnings. Crude prices, which rose to $82 last week, fell as investors voiced doubts about the strength of the global ...
Tuesday, October 27, 2009
... as reported by Bloomberg. “We are likely to see a recovery in which strong emerging-market oil demand puts upward pressure on crude oil prices.”
Regardless of whether speculators are currently ...
Monday, October 26, 2009
... three oil companies — Exxon Mobil (NYSE:XOM), Chevron (NYSE: CVX) and ConocoPhillips (NYSE:COP) — are scheduled to report their third quarter earnings, all on the heels of crude touching 2009 highs.
There ...
Monday, October 26, 2009
... indexes, but crude oil rallied as well. Oil hit a one-year high, reaching $74.91 per barrel. Crude oil gains came from an increase in OPEC’s numbers for 2010.
The International Business Times reports, ...
Thursday, October 15, 2009
... from Intel to Goldman Sachs Group Inc. are scheduled to report earnings this week.
But attention is also focused on commodity prices, including crude oil . The Associated Press reports that a jump ...
Tuesday, October 13, 2009
In this final look at the great Texas oil fortunes, we profile Sid Richardson and H.L. Hunt Jr. (and draw lessons from their experiences).
Two Fridays ago, we looked at two of the “Big Four” Texas oil men ...
Friday, October 09, 2009
Crude oil prices are rallying on Wednesday after the latest U.S. government report showed a 1.6 million barrel drop in gasoline inventories. Gasoline demand is up over 5% over the past four weeks.
In ...
Wednesday, September 30, 2009
... prices to be flying… But they aren’t.
This is because the fundamentals of oil point down. The world is now awash in crude . We simply don’t need Iran’s 2 million barrels of ...
Tuesday, September 29, 2009
What could a fifth-grade dropout and a natural math whiz have in common (besides being filthy rich)? Today we draw lessons from Hugh Roy Cullen and Clint Murchison, two of the “Big Four” Texas oil men. ...
Friday, September 25, 2009
The legend of Texas oil was born on Jan. 10, 1901, four miles outside the town of Beaumont. In fact one could say it was here, near a 15-foot hump of dirt called “The Big Hill,” where the age of oil ...
Friday, September 18, 2009
Anadarko Petroleum Corporation released early reports of new oil discovery off the coast of Sierra Leone, called the Venus site, of which the company owns 40% interest.
From Sung Moss, TheStreet.com: ...
Wednesday, September 16, 2009
Puzzling some analysts, the price crude hit $74.15, the highest it has been since October.
From Aaron Smith, CNN Money:
NEW YORK (CNNMoney.com) -- Oil prices soared on Friday to their highest level ...
Friday, August 21, 2009
PetroChina Co. signed a liquefied-natural-gas import deal with Exxon Mobil Corp. worth $41.1 billion.
From John Porretto, Associated Press:
HOUSTON — Exxon Mobil may be synonymous with Big Oil , but ...
Thursday, August 20, 2009
As OPEC officials are set to announce crude output levels today, the dollar weakens due to concerns with inflation—crude oil prices are up 61% this year.
From Alexander Kwiatkowski, Bloomberg:
Sept. ...
Wednesday, September 09, 2009
... Sept. 8 (Bloomberg) -- The global crude oil market is in
“good shape,” with prices between $68 and $73 a barrel
satisfactory for both consumers and producers, Saudi Arabian Oil
Minister Ali al-Naimi ...
Tuesday, September 08, 2009
BP, the second largest oil company in Europe, projects a growth in production-possibly up to 650,000 barrels of oil per day - with the new oil reserve discovered in the Gulf of Mexico.
From Jaspreet ...
Wednesday, September 02, 2009
Petrobras will play a central role in all new developments involving the large oil discovery off the Brazilian shore.
From Steve Gelsi, MarketWatch:
NEW YORK (MarketWatch) -- Petrobras on Monday filed ...
Monday, August 31, 2009
Asian equities fell overnight causing crude -oil futures to fall more than 4% today to below $70 a barrel.
From Moming Zhou & V. Phani Kumar, MarketWatch:
NEW YORK (MarketWatch) -- Crude -oil futures ...
Monday, August 31, 2009
Baker Hughes, the oil field service provider, is set to buy BJ Services in $5.5 billion deal that will boost revenue and cut costs.
From the Associated Press:
HOUSTON — Oil field services company Baker ...
Monday, August 31, 2009
Oil and gas producer PetroChina will increase its refining capacity by 2017 in its efforts to become a major global refiner.
From Sui-Lee Wee, Reuters:
HONG KONG, Aug 28 (Reuters) - PetroChina (0857.HK), ...
Friday, August 28, 2009
... the punchbowl before we overshoot,” my lunch threatens to rebel.
Folks we have already overshot the mark. Will someone please tell me why we should be celebrating crude oil “falling” to $70/bbl? The ...
Thursday, August 27, 2009
... at Cantarell, the company’s largest field, drops at a rate twice as fast as forecast by Pemex, as the company is known. Last year, production slumped at the fastest rate since 1942.”
The loss in crude ...
Tuesday, August 25, 2009
... month, adding to signs of recovery. China's implied oil demand rose 3.5 percent in July from a year earlier.
U.S. crude rose 60 cents to $74.49 a barrel by 1349 GMT (9:49 a.m. EDT). The contract ...
Monday, August 24, 2009
Puzzling some analysts, the price crude hit $74.15, the highest it has been since October.
From Aaron Smith, CNN Money:
NEW YORK (CNNMoney.com) -- Oil prices soared on Friday to their highest level ...
Friday, August 21, 2009
... Energy Prices Are a Tax on Consumers
In recent months, crude oil has been trading in tandem with the stock market. That is to say, stock prices and oil prices have been rising at the same time, with ...
Friday, August 21, 2009
... roughly $200 billion and $35 billion, respectively, by making three pennies off every buck, and doing it on a massive scale.
Or take an even bigger example – crude oil .
Global crude oil production ...
Tuesday, August 18, 2009
38.
Heimlich Saves Author
(Matching tags: U.S. Dollar,Crude Oil,Gold Investments,Commodities Investment,Christian DeHaemer,Crisis Trader)
... to $71 Friday as investors brushed off bad U.S. economic news, betting instead that the American economy, the world's largest crude consumer, will recover later this year.
Oil prices have oscillated ...
Friday, August 14, 2009
... of this and made 92% gains in less than three months.
China’s Crude Imports Hit New Record
With all of these oil deals and buyouts China’s oil imports have soared. According ...
Tuesday, August 11, 2009
As crude oil fell in price, the U.S. dollar gained strength against the euro. The dollar traded at $1.4137 per euro, up from $1.4183 earlier last week. In fact, days after hitting its lows for the year ...
Tuesday, August 11, 2009
The president of OPEC says that he is satisfied with current oil prices.
From Grant Smith and Gavin Evans, Bloomberg:
Aug. 10 (Bloomberg) -- Crude oil was little changed after falling from a five-week ...
Monday, August 10, 2009
Analysis suggests that Oil may get up to $95 early in 2010.
From Mark Shenk, Bloomberg:
Aug. 7 (Bloomberg) -- Crude oil may reach $95 a barrel by early next year after rising to a seven-week high this ...
Friday, August 07, 2009
43.
Four Reasons To Buy
(Matching tags: Crude Oil,Economic Growth,Commodities Investment,Christian DeHaemer,Crisis Trader)
... so will demand for the black gold.
According to MarketWatch”
Crude futures rallied on Friday, reversing their early decline after the government reported that job losses slowed in July to the lowest ...
Friday, August 07, 2009
... renewed hope that the 40% plunge in house prices might be coming to an end.”
Other signs of a possible bottom – the price of crude oil . According to Bloomberg, “Crude oil traded above $71 a barrel ...
Tuesday, August 04, 2009
... crude stockpiles in June, including both state strategic and commercial reserves, declined 2.7% from a month earlier, the first fall in four months,” said the news service.
This move in crude takes us ...
Monday, August 03, 2009
Still suffering from last year's price drop, Exxon Mobil reported that its profits fell 66% in the second quarter.
From Jad Mouawad, The New York Times:
Exxon Mobil, the world’s biggest publicly traded ...
Thursday, July 30, 2009
If you take a look at Fortune Magazine’s list of the top 500 global companies, you’ll see that the United States dominates the list with 140 companies.
That means that nearly 30% of the companies ...
Thursday, July 30, 2009
Oil has been struggling for the past few weeks on up-and-down news. Earlier this summer, oil was celebrated as crude marched above $70 per barrel. But, weeks ago, it dropped back down below $60. Since ...
Wednesday, July 29, 2009
Hit by lower commodity prices, ConocoPhillips net income dropped 76%.
From Steve Gelsi, MarketWatch:
NEW YORK (MarketWatch) -- ConocoPhillips said Wednesday its second-quarter profit fell 76%, but ...
Wednesday, July 29, 2009
50.
Six Reasons to Own Brazil
(Matching tags: Currency Investments,Crude Oil,South America Investments,Christian DeHaemer,Crisis Trader)
1. One of the Best-Performing Markets This Year
The Bovespa Index in Brazil is up 87% this year. There is solid support at 49,000, which limits downside and allows another 29% upside before you hit ...
Tuesday, July 28, 2009
