In London, Brent crude was down 79 cents at $ 111.94 a barrel on the ICE Futures exchange. The American Petroleum Institute said late Tuesday that crude inventories rose 7.8 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted an increase of 2.2 million barrels. Inventories [...]
Between March 2001 and April 2012, the price of gold never fell for 3 months in succession. “Two months max”made for a great sloga…
In trading on Tuesday, shares of Occidental Petroleum Corp (NYSE: OXY) crossed above their 200 day moving average of $92.85, changing hands as high as $93.09 per share. Occidental Petroleum Corp shares …
FINDLAY, Ohio, May 1, 2012 – Marathon Petroleum Corporation (MPC) announced today that while it continues to evaluate strategic alternatives to enhance shareholder value with respect to certain midstream assets, MPC`s board of directors has authoriz…
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British oil major BP will come out with its Q1 earnings on Tuesday. We expect the company to post …
As the center of gravity in the global refining industry shifts away from American consumers to rapidly growing emerging markets, oil and gas companies face major implications. Sales in the US, once a ke…
As the center of gravity in the global refining industry shifts away from American consumers to rapidly growing emerging markets, oil and gas companies face major implications. Sales in the US, once a ke…
In trading on Monday, shares of Stillwater Mining Co. (NYSE: SWC) entered into oversold territory, changing hands as low as $10.42 per share. We define oversold territory using the Relative Strength Ind…
I think everyone’s wallet should have convinced them by now that the days of cheap oil are over.
Compared to the end of cheap oil, “peak oil,” or the moment when worldwide production hits its pea…
I think everyone’s wallet should have convinced them by now that the days of cheap oil are over.
Compared to the end of cheap oil, “peak oil,” or the moment when worldwide production hits its pea…
