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China & Crude: Battling New Frontiers

Thursday, November 5, 2009

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Flagging of its interest in the black gold this week, China National Oil Corporation secured its place in Iraq. Together with BP, it signed the first big oil deal. Why the sudden interest in oil?

Down, Down, Down For Oil Majors?

Monday, October 26, 2009

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All eyes are on oil majors, as they battle a refining slump. BP reports results Tuesday, followed by Conoco on Wednesday, Exxon and Shell on Thursday, and Chevron on Friday. Though the sector is up 20 per cent, refineries are struggling as demand remains limp. Is there a way out?

What’s Adding Fuel To The Fire?

Thursday, October 15, 2009

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Gold may be taking off right now, but it's not the only thing in an uptrend. Energy is also moving higher. The considerable drop of investment in oil exploration and production is, however, set to bring the risk of oil prices hike in the future. In Iraq, a different picture is playing out.

Advantage: Crude

Thursday, October 8, 2009

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Even as investors are mulling mixed signals over crude supply numbers from the Energy Information Administration, there are clear indications that the Gulf state leaders have no plans to stop pricing oil in dollars. The rumour had traders hitting the panic button.

Tethys Petroleum: Kazakh Exploration update

Mon, Feb 8, 2010

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Tethys Petroleum Limited (TSX:TPL) reported the initial results of testing on the upper zone of the AKD01 oil discovery in Kazakhstan.

Russia’s Rosneft:Reserves rise in 2009

Mon, Feb 8, 2010

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On Monday, Russia's largest oil firm, state-controlled Rosneft (ROSN.MM), reported a 163 percent reserves replacement ratio under the Petroleum Resources Management System (PRMS) criteria in 2009.

Sunoco’s Q1 output

Fri, Feb 5, 2010

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On Thursday, U.S. independent refiner Sunoco Inc (SUN.N) reported that planned turnarounds at its refineries in Marcus Hook, Pennsylvania, and Toledo, Ohio will probably reduce production in the first quarter of 2010.

National Fuel Gas Q1 profit report

Fri, Feb 5, 2010

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National Fuel Gas Co (NFG.N) announced their first-quarter profit that beat market expectations, helped by rise in production of crude oil and natural gas, and raised its 2010 earnings and production outlook.

Husky Energy Reports 2009 Fourth Quarter

Thu, Feb 4, 2010

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Husky Energy Inc. (TSX:HSE) announced net earnings in the fourth quarter of 2009 were $320 million or $0.38 per share (diluted), compared to $231 million or $0.27 per share (diluted) in the same period of 2008.

Petrominerales update

Thu, Feb 4, 2010

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Petrominerales Ltd. (TSX:PMG), a 66% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), updated on production and exploration activities highlighted by the decision to case Candelilla-2 as a potential oil well and to immediately drill a third well into the Candelilla structure.

Forecast of Crude Oil and Natural Gas in 2010

Wed, Feb 3, 2010

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The MarketOracle presents a forecast of Crude Oil and Natural Gas in 2010:

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