Quantcast

RDS-B

gas sign

Crude Oil, Gasoline Prices Set Up for Sharp Drop

Posted: April 29, 2013 at 11:30 am

Since early March, Brent crude oil prices have fallen more than 13%, and conventional unleaded gasoline has come down 16% since early February. This could be just the beginning of ...
Read Full Story »
Biofuel Cans

Brazil Slashes Ethanol Tax

Posted: March 11, 2013 at 8:50 am

Brazil is the world’s largest producer of ethanol, which the country’s producers make from sugar cane stalks. The bad news is that lower petroleum prices have cut demand for ethanol ...
Read Full Story »
Offshore drill rig

North Sea Crude Oil Pipeline Shut Down

Posted: March 4, 2013 at 8:55 am

The Brent pipeline system has been shut down for the second time this year, following the discovery of a leak at one of its platforms. The platform, called Cormorant Alpha, ...
Read Full Story »
AOL logo

Media Digest (2/28/2013) Reuters, WSJ, NYT, FT, Bloomberg

Posted: February 28, 2013 at 6:37 am

India increases government spending and raises taxes on the wealthy as a means to improve growth. (Reuters) Groupon Inc. (NASDAQ: GRPN) shares are pounded after a poor forecast. (Reuters) Apple ...
Read Full Story »
Offshore drill rig

Shell Rethinking North Sea Project

Posted: February 22, 2013 at 9:50 am

Late yesterday, Royal Dutch Shell PLC (NYSE: RDS-A) said that it plans to “reassess the development plan” for its joint venture with the U.K. division of Exxon Mobil Corp. (NYSE: ...
Read Full Story »
Oil pumpjack

Big Oil Looking Weak on Rising Costs, Weak Prices

Posted: January 31, 2013 at 11:05 am

Two of the world’s largest oil amd gas companies have reported earnings in the past 12 hours or so, and two more will report before markets open tomorrow morning. Royal ...
Read Full Story »
118894483

Demand for LNG to Outstrip Supply in 2013

Posted: January 18, 2013 at 12:02 pm

Spot market prices for liquefied natural gas (LNG) have reached $18 per million BTUs and could go higher this year as supplies of the fuel appear to be softer than ...
Read Full Story »
Facebook-F-logo

Media Digest (1/16/2013) Reuters, WSJ, NYT, FT, Bloomberg

Posted: January 16, 2013 at 6:06 am

The World Bank cuts its outlook for 2013. (Reuters) Facebook Inc. (NASDAQ: FB) releases a search feature to be used among members, and Wall St. is unimpressed, sending shares down. ...
Read Full Story »
oil sands

Nexen, Progress Energy Sales Approved, Canada Draws a Line in the Sands

Posted: December 10, 2012 at 7:22 am

After markets closed on Friday, Canadian Prime Minister Stephen Harper announced that the government had approved both the $15.1 billion sale of Nexen Inc. (NYSE: NXY) to China’s Cnooc Ltd. ...
Read Full Story »

Shell to Spend Big on Natural Gas

Posted: November 14, 2012 at 11:39 am

Anglo-Dutch oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) said today that it plans to invest more than $20 billion by 2015 in the company’s Integrated Gas business. The company ...
Read Full Story »

Goldman Sachs: Crude Price Needs to Rise to Support New Drilling

Posted: October 19, 2012 at 1:35 pm

In a research note to customers, long-time oil bull Goldman Sachs now says that Brent crude prices will tumble to $105 a barrel by the end of next year and ...
Read Full Story »

Shell Seeks to Export U.S. Crude

Posted: October 12, 2012 at 9:19 am

Anglo-Dutch oil supermajor Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) is seeking permission from the U.S. Department of Commerce to export U.S.-produced crude oil. Under current law, such exports ...
Read Full Story »

Petrobras Aims to Sell Gulf of Mexico Assets

Posted: October 3, 2012 at 7:18 am

The CEO of Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, says the company is "very near to closing a deal" for the sale of some $6 billion worth of assets ...
Read Full Story »

Oil Markets to Remain Opaque

Posted: September 25, 2012 at 8:57 am

A group called the International Organization of Securities Commissions (IOSCO), composed of representatives from national financial regulators, had proposed changing the way commodities benchmarks, including the price of Brent crude ...
Read Full Story »
alaska, chukchi, beaufort

Shell Halts Offshore Drilling in Alaska

Posted: September 17, 2012 at 7:48 am

It was just one week ago today that Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) began drilling a well in the Chukchi Sea off the north coast of Alaska. ...
Read Full Story »