Oil & Gas News
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- Fri, 16 May 2008 08:27:00 GMT
Switzerland's Glencore breaks ground on HUF 5 bln oil press, largest in Hungary
341 words BUDAPEST MAY 15 Glencore Grain Hungary, the subsidiary of Switzerland-based Glencore International AG, one of the world's largest commodity traders, has broken ground on its new HUF 5 bln oilseed press in southern Hungary's Fokto, which will be More...
CMD First Source - Fri, 16 May 2008 08:27:00 GMT
US president set to talk oil as Saudis eye Mideast peace
JERUSALEM (AFP) - US President George W. Bush wrapped up a trip to Israel on Friday and was headed to Saudi Arabia for talks with the world's biggest crude producer on record oil prices that have hit Western consumers hard. Bush's visit to Israel was More...
AFP via Yahoo! - Fri, 16 May 2008 08:26:00 GMT
Clashes lead UN to pull staff from Sudan oil area
KHARTOUM, Sudan (AP) - The United Nations said Thursday it had evacuated 250 civilian staff from the town of Abyei following three days of clashes in the oil-rich region between Sudan's army and former southern rebels. Abyei lies just north of the More...
Find Law - Fri, 16 May 2008 08:24:00 GMT
Rabaska signs letter of intent with Gazprom for LNG supply
LEVIS, Que. - Russian energy giant Gazprom plans to enhance its North American presence by partnering with Canadian pipeline companies Enbridge Inc. (TSX:ENB) and Gaz Metro (TSX:GZM.UN) to supply the proposed Rabaska LNG terminal near Quebec City. More...
1057 EZRrock - Fri, 16 May 2008 08:23:00 GMT
Oil falls as options expire; Retail gas prices rise past US$3.77 a gallon
NEW YORK - Oil futures ended a whipsaw session slightly lower Thursday as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than US$3 a barrel at others. Retail gas prices in the United More...
1057 EZRrock - Fri, 16 May 2008 08:23:00 GMT
Commodities: Crude almost hits $127
Oil prices hit another record trading high on Tuesday with US light crude oil for June delivery reaching $126.98 a barrel on the New York Mercantile Exchange following reports that Iran is planning to reduce oil production. However oil prices managed to More...
City A.M. - Fri, 16 May 2008 08:22:00 GMT
Commodities: Crude back down
Crude price slid back down on Wednesday as profit takers bagged some of the record gains from the previous day and after the government said supplies rose last week. The futures contract for June delivery closed down $1.58 at $124.22 a barrel. The Energy More...
City A.M. - Fri, 16 May 2008 08:22:00 GMT
Oil prices surge on weaker dollar, demand concerns
Oil prices surged nearly $2 a barrel Thursday as the dollar fell against the euro and investors anticipated strong demand for diesel fuel in parts of China ravaged by Monday's earthquake. Light, sweet crude for June delivery rose $1.87 to $126.09 a More...
Lebanon Daily Star - Fri, 16 May 2008 08:22:00 GMT
OPEC crude price inches upwards towards 119 dollars mark
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) climbed 18 cents on Thursday, OPEC said Friday. One barrel (159 litres) of crudes from OPEC's reference basket stood at 118.95 dollars on Thursday, More...
Earthtimes.org - Fri, 16 May 2008 08:22:00 GMT
US stocks rise on oil price drop
The US stock market notched its second straight daily advance, with investors assuaged by a pullback in oil prices and some better-than-expected economic data. Wall Street has been worried about cash-strapped consumers paring back their spending, so it More...
MSN UK - Fri, 16 May 2008 08:21:00 GMT
Elixir Petroleum sees over 17 bcf of gas reserves in two Pampano wells
LONDON (Thomson Financial) - Elixir Petroleum Ltd said the first two wells already on stream in the Pampano field in the Gulf of Mexico are believed to be holding proved and probable reserves of around 17.1 billion cubic feet of gas and almost 50,000 More...
Interactive Investor International - Fri, 16 May 2008 08:21:00 GMT
Pharma, oil stocks lead European shares higher
lifted by gains in pharmaceutical stocks after positive data for a Sanofi-Aventis
MSN UK - Fri, 16 May 2008 08:21:00 GMT
Pipeline blast kills at least 100
AT least 100 people were killed and scores injured when fuel from a pipeline ruptured by a bulldozer caught fire and exploded today in a village near Nigeria's biggest city of Lagos, the Red Cross said. The fireball engulfed homes and schools at Ijegun More...
NEWS.com.au - Fri, 16 May 2008 08:21:00 GMT
JKX Oil & Gas Q1 production down 15 percent to 11,494 boepd UPDATE
(Updates with details) LONDON (Thomson Financial) - JKX Oil & Gas Plc. said first-quarter production fell 15 percent to 11,494 barrels of oil equivalent per day (boepd). The company said it made good progress in the first quarter, adding material More...
Interactive Investor International - Fri, 16 May 2008 08:21:00 GMT
China may hike tax on oil gains
The Chinese government is considering raising the threshold of windfall tax levy on gains from crude oil, but the timing is not clear, Jiang Jiemin, president of PetroChina Company Ltd, said Thursday. The tax threshold should have been raised when crude More...
CHINAdaily - Fri, 16 May 2008 08:20:00 GMT
Greenspan Says Oil to Keep Rising on Capacity Limits
Former Federal Reserve Chairman Alan Greenspan said oil prices will keep rising as energy companies have invested too little in production and infrastructure to cope with higher demand. Companies haven't been reinvesting enough to keep supply growing in More...
PrisonPlanet - Fri, 16 May 2008 08:18:00 GMT
Wis. man won't buy gas for 31 days, maybe longer
SHEBOYGAN, Wis.: Brian LaFave couldn't care less how high gasoline prices climb these days ? he's parked his pickup truck and is refusing to buy gas for a month, possibly longer. 'The goal is to not use one drop of gas for 31 days,' LaFave said, More...
International Herald Tribune - Fri, 16 May 2008 08:17:00 GMT
JPMorgan to start physical oil trade, eyes $200 oil
JPMorgan Chase & Co will begin trading physical oil by year-end, increasing its exposure in a market that could rise to $200 a barrel, the bank's global head of commodities said on Wednesday. The bank plans to expand in commodities and energy More...
PrisonPlanet - Fri, 16 May 2008 08:17:00 GMT
PetroChina to rethink facility
Extract not available. More...
Ein News - Fri, 16 May 2008 08:16:00 GMT
Quake damage to PetroChina 'not fundamental'
Extract not available. More...
Ein News - Fri, 16 May 2008 08:16:00 GMT
Oil near $125 on heating oil supply strain
led by the bullish heating oil market as China and Europe scramble for barrels, thinning global supply. US crude for June delivery rose 74 cents to $124.86 a barrel by 0431 GMT, just 1.7 percent below Tuesday's all-time peak of $126.98. New front month More...
Trade Arabia - Fri, 16 May 2008 08:15:00 GMT
Fuel pipeline blastkills 100 in Nigeria
Extract not available. More...
Cape Times - Fri, 16 May 2008 08:15:00 GMT
Globalists Take a Step Closer To $200 Dollar Oil
Globalists hell-bent on reducing the living standards of westerners by jacking up oil prices to a whopping $200 dollars a barrel took a step closer to their target yesterday after JPMorgan Chase & Co announced that they will begin trading oil by the end More...
PrisonPlanet - Fri, 16 May 2008 08:13:00 GMT
Oil prices: Wall Street's game
NEW YORK (CNNMoney.com) -- There's no question about it, a new breed of speculator is pouring money into the oil market and helping drive prices to record levels. What's less certain is if this new money is essential to a healthy market. Many blame More...
CNN Money - Fri, 16 May 2008 08:13:00 GMT
Oil prices higher in Asian trade
Extract not available. More...
Straits Times - Fri, 16 May 2008 08:12:00 GMT
Irvine Energy - Small wells + shale gas = big profits
Irvine Energy Small wells + shale gas big profits By Stuart Watson Article Date: Additional: Information Market: AIM Sector: Oil & Gas Exploration & Production News: Market Data: Web Site: Other Articles: Every oil investor would like to see their More...
Proactive Investors.co.uk - Fri, 16 May 2008 08:12:00 GMT
More oil employees kidnapped in Nigeria
Eleven Chevron employees have been kidnapped in Nigeria. The abduction, involving nine Nigerians, one Portuguese and a Ukrainian, occurred on a boat ferrying supplies for the US oil company. So far, no group has claimed responsibility for the More...
Kyrgyzstan News - Fri, 16 May 2008 08:10:00 GMT
Earthquake affects 13.2 mln cubic meters of gas production, one-fifth restored
Extract not available. More...
Interfax China - Fri, 16 May 2008 08:08:00 GMT
U.S. Senate Sends Oil-Reserve Bill to Bush
WASHINGTON (AP) -- The Senate late Wednesday approved and sent to the White House legislation directing President Bush to temporarily halt oil shipments into the government's emergency reserve, hoping to lower energy prices. Final approval came without More...
HispanicBusiness.com - Fri, 16 May 2008 08:07:00 GMT
Clashes lead UN to pull its civilian staff from Sudan oil area (Sudan-UN)
KHARTOUM, Sudan _ The United Nations said Thursday it had evacuated 250 civilian staff from the town of Abyei following three days of clashes in the oil-rich region between Sudan´s army and former southern rebels.Abyei lies just north of the More...
Oilweek Magazine - Fri, 16 May 2008 08:07:00 GMT
