Crude oil headed for $71.55 a barrel
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery...
View ArticleIndia’s Hindustan Petroleum has purchased Nigerian Crude Oil
India’s Hindustan Petroleum Corp. has purchased one cargo of Nigerian Escravos crude oil late last week via its regular monthly tender for sweet crude. For full story, click hereContinue reading...
View ArticleOil Prices Climb on Supply Concerns and Bernanke Comments
Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not...
View ArticleOil and Gas: A Top 5 Resource Pick
With all of the attention to the petrochemicals industry currently, a recent survey conducted by Resources Investing News has highlighted both oil and natural gas sectors as areas of high interest for...
View ArticleTreaty Energy Updates Progress on Belize
Treaty Energy Corporation (OTC:TECO) updates on the progress of its Joint Venture with Princess Petroleum Limited on the 2 million acre concession in Belize.Continue reading...
View ArticleAlberta Star Successful at the Saskatchewan Crown Land Sale
Alberta Star Development Corp. (CVE:ASX) acquires petroleum and natural gas rights on a 160 acre parcel of undeveloped lands in the Lloydminster heavy oil region. Continue reading...
View ArticlePeak Oil
The increasing investment in harder-to-reach oil is often sited as a sign of oil companies' belief in the end of easy oil. Additionally, while it is widely held that increased prices catalyze an...
View ArticleBuckeye Partners, L.P. Acquires Refined Petroleum Products Terminals and...
Buckeye Partners, L.P. (NYSE:BPL) reports it has acquired two petroleum products terminals and a pipeline.Continue reading...
View ArticleNorway’s Oil Future Seen With Barents Sea
Bloomberg reported that western Europe’s largest petroleum producer, Norway, may have found an oil future with an ice-free expanse of the Arctic in the Norwegian Barents. It has been reported that oil...
View ArticleKenya Sees Oil Resources Almost Double With Drilling
Kenya expects its estimate of oil resources to almost double to one billion barrels as well-drilling increases and the government proceeds with plans to build an export pipeline.Continue reading...
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