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Oil

First reported May 24 2013 - Updated 52 mins ago - 3 reports

Weekly Energy Review: Crude Oil Falters To A Three Week Low

WTI Crude Oil ended at $ 96.29 per barrel, losing 2.1 percent in the week. The prices of West Texas Intermediate (WTI) tested a three week low as feeble economic data questioned the real demand in days to come. The manufacturing slowdown of China was ... [Published India Infoline - 52 mins ago]

Entities: Crude Oil, West Texas Intermediate, Crude Oil Inventories, American Petroleum Institute

First reported May 24 2013 - Updated 2 hours ago - 3 reports

New York Mercantile Exchange

Nymex crude extend losses on demand concern

Crude oil future declined again on Friday on demand concern, as investors mulled over prospects of the US Federal Reserve scaling down its quantitative easing program in the coming months. The impact of weak manufacturing data from the world's second ... [Published Indian-Commodity - 2 hours ago]

Entities: Crude Oil, New York Mercantile Exchange, Brent Crude Oil

First reported May 24 2013 - Updated 4 hours ago - 6 reports

Oil set for biggest weekly drop since mid-April

LONDON — Oil was poised to post its biggest weekly loss in more than a month, with Brent edging down towards $102 per barrel on Friday — pressured by ample supply and a sluggish economic recovery that could dent demand for fuel.Crude inventories in the ... [Published BDlive - 17 hours ago]

Entities: China, Gross Domestic Product, Ken Hasegawa

First reported 6 hours ago - Updated 6 hours ago - 4 reports

McCarthy Tétrault

Hawk Exploration loses $159,000 in Q1

Hawk Exploration Ltd. has released its results for the three months ended March 31, 2013.HIGHLIGHTSHighlights for the three months ended March 31, 2013 were as follows:Averaged 624 boe/d of production in the first quarter of 2013, a 44% increase over ... [Published Stockwatch - 6 hours ago]

Entities: Hawk Exploration Ltd, Liquidation, Crude Oil, McCarthy Tétrault

First reported 17 hours ago - Updated 9 hours ago - 11 reports

Statoil ASA

BP, Shell, Statoil sued in US class-action suit over EU oil fixing probe

A US commodity trading house has filed a class-action lawsuit in New York against BP, Shell and Statoil, the three European oil companies being investigated by the European Commission for suspected manipulation of oil prices.The oil companies "deliberately ... [Published Platts - 12 hours ago]

Entities: Statoil ASA, Royal Dutch Shell Plc, Class Action, BP plc

First reported May 24 2013 - Updated 9 hours ago - 6 reports

Toronto stock exchange

Oil finishes week down 2% on concerns about global demand, Fed's next move

NEW YORK, N.Y. - The price of oil fell two per cent this week as oil traders worried about global demand and shared the stock market's concerns about possible changes to the U.S. Federal Reserve's economic stimulus program.The loss Friday was just 10 ... [Published Newstalk 1290 CJBK - 9 hours ago]

Entities: Toronto stock exchange, Federal Reserve System, New York Stock Exchange

First reported May 23 2013 - Updated 10 hours ago - 8 reports

John Kerry

KXL letters: First batch shows green groups, lobbyists dominating public comment process

The U.S. State Department says it received 1.2 million letters during its 45-day public comment period after releasing the draft of Supplemental Environmental Impact Statement (SEIS) on the Keystone XL pipeline. But a sample of the letters released ... [Published Financial Post - Top Stories - 16 hours ago]

Entities: Oil Sands, Keystone XL Pipeline, John Kerry, National Audubon Society, Institute for Energy

First reported 17 hours ago - Updated 11 hours ago - 5 reports

Brazil to auction off largest-ever oil find

BRAZIL plans to sell the right to explore and develop its largest-ever oil discovery in October, auctioning an offshore petroleum prospect that is expected to produce about 12 billion barrels of oil over 35 years.The sale of the Libra prospect, which ... [Published Business Times Malaysia - 11 hours ago]

Entities: Brazil, Libra, Oil Discovery

First reported May 23 2013 - Updated 11 hours ago - 6 reports

US monthly oil demand inches higher despite sharp decline in gasoline use

By DAVID BIRDNEW YORK -- US oil demand inched up 0.3% in April from a year earlier, despite a sharp 3.9% drop in gasoline use, the American Petroleum Institute said Friday.Oil use of 18.393 million bpd was the second lowest in April over the past 17 years, ... [Published Hydrocarbon Processing - 11 hours ago]

Entities: Gasoline, Crude Oil, John Felmy, David Bird

First reported May 23 2013 - Updated May 24 2013 - 10 reports

Brazil to hold oil auction

Rio de Janeiro, May 24 (IANS/EFE) Brazil's first auction of contracts to develop offshore oil and gas reserves in the pre-salt region will be held in October, or earlier than previously scheduled, the government said Thursday.The government's National ... [Published News Track India - May 24 2013]

Entities: Brazil, Rio de Janeiro, Libra

First reported May 23 2013 - Updated May 23 2013 - 9 reports

Opposition to Keystone XL Tar Sands Pipeline Increases While Support Wanes in House Vote

WASHINGTON - May 23 - The House voted last night on an extreme bill that would take the President out of the process, eliminate critical environmental and national interest reviews and immediately approve the risky Keystone XL tar sands pipeline. But ... [Published Common Dreams - May 23 2013]

Entities: Keystone XL Pipeline, Oil Sands, Pipeline

First reported May 23 2013 - Updated May 23 2013 - 12 reports

Crude-Oil Futures Down on China, Japan Data, Fed C..

related stuff ... consider move to UC -- related stuff end ---- Manufacturing slows in China, world's no. 2 oil consumer-- Japanese shares post biggest drop since March 2011 earthquake-- Market tries to puzzle out if Fed will soon taper stimulus prog ... [Published EuroInvestor - May 23 2013]

Entities: Crude Oil, Futures, China

Quotes

"Even though sanctions led to some hardships for oil industry, but could not hinder its progress. Sanctions have enabled those weak contractors who were not able to implement mega projects in oil industry to promote themselves and change into capable contractors enjoying international standards, the companies that are now in charge of big projects even though some weaknesses are undeniable" Qassemi continued

Qassemi Outlines Oil Policies [Published Fars News Agency - 24 mins ago]

"Those private sector's oil refineries that have implemented upgrading plans are facing pricing problems," he said, and added, "Even though these refineries produce gasoline compatible with eruo-4 and euro-5 specifications but the price of their gasoline is the same as regular gasoline that is not profitable with regard to huge investments they have made."

Valuable Products Should Replace Fuel Oil Production [Published Fars News Agency - 24 mins ago]

"Even though the 14.5 percent figure will not alter but the ministry's share will be calculated based on production criteria that will increase Oil Ministry's earning from 6.8 to 15 billion dollars."

Oil Ministry Revenues Up [Published Fars News Agency - 24 mins ago]

"In addition, we have envisaged producing 20 thousand barrels of oil per day from the field as early production over a 16-month period" he said

Yadavaran Oil Field Yielding 50,000 B/D [Published Fars News Agency - 24 mins ago]

More Content

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US rig count falls back while Canada’s increase... [Published SteelOrbis - 23 mins ago]
Qassemi Outlines Oil Policies [Published Fars News Agency - 24 mins ago]
Valuable Products Should Replace Fuel Oil Produ... [Published Fars News Agency - 24 mins ago]
Sadra Completes Pipeline Laying Project in Pers... [Published Fars News Agency - 24 mins ago]
Oil Ministry Revenues Up [Published Fars News Agency - 24 mins ago]
Yadavaran Oil Field Yielding 50,000 B/D [Published Fars News Agency - 24 mins ago]
IOOC to Launch Biggest Project [Published Fars News Agency - 24 mins ago]
Gas price drop may not fuel more holiday travel [Published Wilkes-Barre Times Leader - 33 mins ago]
Meeting on drilling on public land June 3 follo... [Published Sun Gazette - 46 mins ago]
Reliance strikes new, rich vein of gas in KG [Published DNA India - 51 mins ago]
Weekly Energy Review: Crude Oil Falters To A Th... [Published India Infoline - 52 mins ago]
Furnace oil for power plants sufficient only fo... [Published Sri Lanka Island - 58 mins ago]
GE Unit Closes on $200M Senior Secured Facility... [Published Equities.com - 1 hour ago]
Constellation Energy Partners Posts First Quart... [Published Equities.com - 1 hour ago]
Paradigm Midstream to Construct Pipeline in Bak... [Published Equities.com - 1 hour ago]
Letter: Two-thirds of oil funds is hardly a ?gi... [Published Anchorage Daily News - 1 hour ago]
Utica shale boom talk not as loud [Published Toledoblade.com - 1 hour ago]
South Sudan vows to continue austerity measures... [Published Sudan Tribune - 1 hour ago]
States told to lift curb on ethanol, molasses [Published Smart Investor - 1 hour ago]
Going for gas [Published New Poland Express - 1 hour ago]
About 49,000 gallons of ethanol leaked from der... [Published Globe-Gazette - 1 hour ago]
Nymex crude extend losses on demand concern [Published Indian-Commodity - 2 hours ago]
If you too are frustrated by gas prices, speak ... [Published Quad-Cities Online - 2 hours ago]
Sinopec eyes up North Sea opportunities [Published Herald Scotland - 3 hours ago]
3 Oil Wells Drilled Ahead of Schedule [Published Iran Daily - 3 hours ago]
Practical Thinking about Pipelines [Published Alternatives Journal - 3 hours ago]
TAKE ACTION: STAND UP WITH MICHIGAN: NO MORE TA... [Published Care2 - 5 hours ago]
Environmental and Social Review Summary [Published World Bank - 5 hours ago]
NAMIBIA: First Oil Discovery Overrides Earlier ... [Published OilPrice.com - 5 hours ago]
Last pieces of power plant gone [Published 10News.com - 5 hours ago]

Blogs

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Offshore Drilling In Virginia Would Threaten Co... [Published Think Progress - 11 hours ago] Shiva Polefka is a Research Associate for Ocean Policy at the Center for American Progress where Michael Conathan is the Director of Ocean Policy. Fleet Composite Squadron 6 conducts boat operations off coast of Naval Station Norfolk, VA. (Credit: ...
How Oil Dependence Affects Iran Policy [Published Energy Policy Information Center (EPIC) - 13 hours ago] By now, the partisan gridlock of the past few years which has crippled Congress is well documented, but one issue area in which there is undoubtedly room for movement is in our foreign policy approach towards Iran. While our political leaders may ...
Drumbeat: May 24, 2013 [Published The Oil Drum - Discussions about Energy and Our ... - 16 hours ago] Crude Landlocked as Canadians Join U.S. to Halt Pipelines British Columbia, the Canadian province whose official slogan to its own beauty is “Super, Natural,” is invoking another saying: “No more supertankers.” That’s potentially big trouble in a ...
US April petroleum demand up despite weak gasol... [Published Green Car Congress - 20 hours ago] Total US petroleum deliveries (a measure of demand) were up 0.3% for April against the same month a year ago to average nearly 18.4 million barrels per day, but still recorded the second lowest April demand level in 17 years, according to the American ...
OPEC to Keep Exports Stable Amid Supply Glut, O... [Published Energy and energy security - 21 hours ago] The Organization of Petroleum Exporting Countries will keep crude shipments little changed into early next month as abundant inventories cap demand, tanker tracker Oil Movements said. The group that supplies about 40 percent of the world’s oil will ...

Audio/Video

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VIDEO: 'A lot of questions' over oil companies [Published BBC News Video - Business - May 14 2013]
Petrobras CEO on Brazil's Expanded Oil Drilling [Published WSJ.com Video - News - May 13 2013]
Revitalized Railroad Fuels West Texas Oil Boom [Published WSJ.com Video - Digits - Apr 28 2013]
Revitalized Railroad Fuels West Texas Oil Boom [Published WSJ.com Video - News - Apr 28 2013]
Oil the Next to Fall? [Published FOX Business - Video - Apr 25 2013]

Press Releases

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Global Gas Industry Expands its Horizons [Published PR inside - 18 hours ago]
Petroleum HR Council of Canada: Steady Growth i... [Published PR inside - May 23 2013]
Report: Global Warming Emissions From Coal-fire... [Published PR Newswire: Environment - May 23 2013]
Pan Orient Energy Corp.: 2013 First Quarter Fin... [Published PR inside - May 23 2013]
FTTN Moves Forward With Texas Acquisitions as S... [Published EON Environment - May 23 2013]