Crude Investing news
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Wall Street Loves Oil
Crude prices in Asia slipped Friday on a stronger U.S. dollar and as traders sold off bets to lock in profits, but the overall rally is expected to continue on hopes that data on the global economy will stay bullish. Crude prices are down, but after we wake up tomorrow morning, they may hit $73 a barrel, traders said.
Oil Price To Touch $85 By End-2009
Monday, June 8, 2009
Crude oil production is Canada is expected to double within the next three decades, despite current tight finances and a slower pace of development in the oil sands, a new report has said. In a best case scenario, oil production is forecast to rise to 3.3 million barrels per day by 2015 from 2.7 million barrels last year, and up to 4.2 million barrels by 2025. Solely in the oil sands, production is expected to increase by 83 per cent to 2.2 million barrels per day by 2015, and climb to 3.3 million barrels per day by 2025.
Disruption Concerns Prop Crude
Monday, May 18, 2009
Crude oil rose for a second day in New York on Tuesday, as gains in the stock market increased optimism that the global economy is recovering. "Sentiment has driven this market from its lows in the hopes of an imminent recovery," said Toby Hassall, research analyst at Commodity Warrants Australia Pty in Sydney. "If we do see equities continue their rally, oil and a lot of other commodities are probably going to follow."
Dollar Slides, Crude Jumps
Wednesday, May 13, 2009
Oil rose for a second day on Wednesday, after an industry group reported U.S. crude stockpiles dropped for the second week in a row and the dollar declined. Oil has climbed 34 percent this year, tracking global equity markets on optimism that an economic recovery will spur demand for fuel. Additional support for crude prices came from the dollar, which fell to the lowest level against the euro since March, bolstering demand for commodities as a hedge against inflation.
Asia-Pacific Crude Up as IOC purchased Malaysian Kikeh
Fri, Jul 3, 2009
The Asia-Pacific crude market surged on Friday after Indian Oil Corp bought a cargo of Kikeh crude for September loading, the first cargo of any Malaysian grades IOC has purchased via tender in four months. For full story, click here
Crude Palm Oil Futures have extended Losses on Global Cues
Fri, Jul 3, 2009
Crude palm oil futures slipped by 1.92 per cent in early trade on the Multi Commodity Exchange on Friday with traders reducing positions following increased arrivals in the spot markets. For full story, click here
OPEC is satisfied with current Crude Oil price
Fri, Jul 3, 2009
A rogue trader at the London office of PVM Oil Associates, the world’s leading broker of over-the-counter oil derivatives, is suspected of causing $10 million in losses. For full story, click here
Trans Alaska Oil Shipping below average rates
Fri, Jul 3, 2009
The Trans Alaska Pipeline System was still shipping crude well below the average 2009 rate this week, after routine maintenance in mid-June. For full story, click here
China’s Crude Oil Stocks are at a record in May has gained slow
Fri, Jul 3, 2009
China’s crude oil stocks were at record high levels at the end of May, but the gains narrowed compared with past months, as hefty oil imports were largely consumed because of refiners’ record operational levels. For full story, click here
Petronas will cut cost by 30%
Sat, Jun 27, 2009
Petroliam Nasional Bhd has sought to slash its expenditure by 30% from the amount it spent in its 2006 fiscal year. President and CEO Tan Sri Mohd Hassan Marican stated: There must be shared misery. We must have a hard look at costs. For full story, click here
Imperial Oil has cut Edmonton Par Crude by $2 cu. meter
Sat, Jun 27, 2009
Imperial Oil Ltd. has cut its purchase price for benchmark 40-degree gravity light crude oil at Edmonton by C$2 a cubic meter to C$478 a cubic meter. For full story, click here
Nigerian Crude Exports Saw 1.46M b/d in Aug
Fri, Jun 26, 2009
Nigerian crude exports for August have expected to total at least 1.46 million barrels a day from the 10 provisional loading programs seen so far by traders Thursday. For full story, click here
Ecuador’s Average Output slipped 3%
Fri, Jun 26, 2009
Ecuador’s average oil output slipped 3% to 499,000 barrels a day in the first four months of 2009 from 514,000 barrels a day in the same period of 2008. For full story, click here
South Korea dependence on Middle East Crude Oil Up
Fri, Jun 26, 2009
As per reports by the state run Korea National Oil Corporation, South Korea’s dependence on Middle Eastern crude oil edged up 1.4% to 83.1% in the first 4 months of 2009 compared with the same period in 2008. For full story, click here
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Asides 
The Crude Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Friday, June 12, 2009
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