Archive for the ‘Oil Price’ Category
Wednesday, November 5th, 2008
Officials at Bakersfield oil exploration companies say they are holding off on expansion plans until the price of crude stabilizes.
Projects that seemed viable when oil was more than $100 a barrel are being put on hold as the price hovers just above $50. Ken Hunter of Vaquero Energy Inc. says ...
Posted in Mining Investment, Oil Price, Trade & Market | No Comments »
Wednesday, November 5th, 2008
Shares in the Dublin-listed, Russia-focused oil exploration company PetroNeft Resources rose over 37 per cent in Dublin this morning after it reported one of its wells in Siberia produced crude oil when tested.
In a statement PetroNeft said its Lineynoye 1 well delivered 271 barrels of oil a day and added ...
Posted in Drilling, Mining Investment, Oil Price, Trade & Market | No Comments »
Monday, October 27th, 2008
Iran is being hurt by the financial crisis because of falling oil prices and a world downturn that will damage non-oil exports, an official said on Sunday, even though Iran's economy was relatively isolated.
Iranian officials are voicing more concern about the impact of the international financial turmoil after initially brushing ...
Posted in Mining Company, Mining Industry, Mining Investment, Oil Price, Trade & Market | No Comments »
Monday, October 27th, 2008
The cliff-like plunge of oil prices this fall has left customers who pre-paid for their winter supply crying the blues, and dealers are seeing red over the expensive oil languishing in their tanks.
And even customers who didn't lock in rates appear to be suffering collateral damage, with prices staying high ...
Posted in Mining Company, Mining Industry, Mining Investment, Oil Price, Trade & Market | No Comments »
Thursday, October 23rd, 2008
Mounting stocks of crude and petrol are weighing on the oil price, which tumbled yesterday to $65 a barrel in London. The cost of a barrel has now reached a 17-month low and a consensus is emerging among Opec that a significant cut in output will be necessary to prevent ...
Posted in Gas Price, Mining Company, Mining Industry, Mining Investment, Oil Price, Trade & Market | No Comments »
Thursday, October 23rd, 2008
In the face of growing criticisms, the country’s oil companies are cutting anew their pump prices by P1.00 per liter between 12:01 a.m. to 6 a.m. today.
The major oil firms – Pilipinas Shell Petroleum Corp. and Petron Corp. – are the first to roll back their prices across products like ...
Posted in Gas Price, Mining Company, Mining Industry, Mining Investment, Oil Price, Trade & Market | No Comments »
Thursday, October 23rd, 2008
Gas suppliers in Germany may be able to cut prices for customers next year if oil prices continue to fall, due to a mechanism that links gas to oil with a time lag, industry association BDEW said on Wednesday.
"Gas prices follow those of oil with a time lag of around ...
Posted in Gas Price, Mining Company, Mining Finance, Mining Industry, Oil Price, Trade & Market | No Comments »
Tuesday, October 7th, 2008
Oil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy.
A barrel of oil has not been this cheap in eight months, suggesting that the climate in which oil soared to unheard of levels ...
Posted in Mining Company, Mining Finance, Mining Investment, Mining Technology, Oil Price, Trade & Market | No Comments »
Tuesday, October 7th, 2008
Oil prices fell below $90 a barrel on Monday for the first time since February because of the economic slowdown, even though production in the Gulf of Mexico has not fully recovered from hurricane destruction three weeks ago.
The price decline of recent weeks, from a record high for crude oil ...
Posted in Mining, Mining Company, Mining Investment, Oil & Gas, Oil Price, Trade & Market | No Comments »
Thursday, September 18th, 2008
Major oil wholesaler Idemitsu Kosan Co. will begin revising its oil products' wholesale prices every week starting in October to more promptly reflect changes in crude oil prices, the company said.
Idemitsu's new pricing system will replace its current twice-a-month price revision method.
Nippon Oil Corp., the nation's No. 1 oil wholesaler, ...
Posted in Gasoline, General News, Oil Price, Trade & Market | No Comments »
