Oil Slick Stuff

Sort by newest Sort by date
AP
Oil Tops $60 a Barrel on Nigeria Strike (they Mean $69)

Thursday June 21, 11:41 am ET
By J.W. Elphinstone, AP Business Writer

Oil Prices Rise Above $69 a Barrel As Strike in Nigeria Disrupts Oil Production and Exports

NEW YORK (AP) -- Oil prices rose above $69 a barrel Thursday as the oil industry began to feel the effects of a general strike in Nigeria, Africa's largest crude producer.
Nigeria's labor unions launched a strike Wednesday aimed at overturning government price increases on gasoline, among other demands that the government already has conceded.
http://biz.yahoo.com/ap/070621/oil_prices.html?.v=13
 
Last edited:
Oil edges down despite Nigeria strike fears

Crude falls 27 cents to $68.38 as OPEC says supply is fine.

June 22 2007: 6:33 AM EDT


LONDON (Reuters) -- Oil prices edged lower on Friday as Nigerian crude exports continued unabated despite a strike by unions.
U.S. light crude fell 41 cents to $68.24. Brent crude at 6:30 a.m. ET remained flat at $70.22

Union leaders in Nigeria vowed to extend their strike to protest against a rise in fuel prices to a third day on Friday, after talks with the government ended in a stalemate.
http://money.cnn.com/2007/06/22/markets/oil.reut/index.htm?postversion=2007062206
 
Last edited:
Sounds good to me!
THE GURU'S CORNER
Oil due for a slide
Commentary: Oil closer to the top than the bottom

By Price Headley, BigTrends.com
Last Update: 1:22 PM ET Jun 20, 2007

LEXINGTON, Ky. (BigTrends) -- With news of a Nigerian strike, which could affect oil output in Africa's biggest oil-producing country, it would appear that the bulls on crude oil have had the benefit of a near-perfect storm of favorable developments.
Rising worldwide demand on all fronts (though driven by China in particular), continuing OPEC uncertainties led by Iran plus diminished production from Venezuela, and constrained refining capacity in the U.S. and some fresh concern about summer hurricane patterns, would seem to auger for still-higher oil prices to come; perhaps taking aim at the all-time price peak near $78 seen last July.
Image.aspx

http://www.marketwatch.com/news/story/commentary-oil-closer-top-bottom/story.aspx?guid=%7B666EE788%2DE3FC%2D4C40%2D9F8A%2D1AAF6EC89C87%7D
 
Last edited:
AP
Oil Prices Edge Up
Friday June 22, 10:12 am ET
By Pablo Gorondi, Associated Press Writer Oil Prices Rise As Markets Focus on General Strike in Nigeria
Oil prices edged higher Friday as markets monitored talks between the Nigerian government and labor union officials to end a general labor strike in Africa's largest crude producer.
http://biz.yahoo.com/ap/070622/oil_prices.html?.v=13
 
Last edited:
AP
Stocks Fall on Higher Oil, Bond Yields
Friday June 22, 10:42 am ET
By Tim Paradis, AP Business Writer Stocks Fall As Bond Yields Remain Elevated, Oil Prices Rise
NEW YORK (AP) -- Stocks fell Friday as bond yields remained elevated and as oil prices moved higher. The Dow Jones industrial average fell nearly 100 points. The pullback coming a day after decent gains was characteristic of the somewhat erratic sessions Wall Street has seen lately as it has dealt with concerns about inflation and the resulting rise in interest rates.(more)http://biz.yahoo.com/ap/070622/wall_street.html?.v=20
 
More OIL is Better!!:D


BP to restart hit Alaskan output

_42959595_prudhoe_ap.jpg
The Prudhoe oilfield produces 400,000 barrels of oil a day

BP says it expects to restart on Monday 10,000 barrels per day of Alaskan oil output cut for a week due to a spill.
The UK energy group halted the output from its Prudhoe Bay oil field due to a small leak in one of its pipes.
Although less than a gallon of oil was released, it is politically sensitive due to a much larger spillage at the giant facility last year.
Then at least 200,000 gallons spilled onto the Alaskan tundra, and BP still faces the threat of criminal charges.
http://news.bbc.co.uk/2/hi/business/6234318.stm
 
Last edited:
DO I SEE A TREND HERE?

U.S. refineries falling short on gas production

June 24, 2007
BY BARBARA HAGENBAUGH
USA TODAY
U.S. refiners are producing far less gasoline than they are capable of making because of planned and unplanned maintenance.
That has led to a greater reliance on imports and has made U.S. gasoline supplies vulnerable to further disruptions, such as hurricanes, during the busy summer driving season.
 
Last edited:
COULD OUR FRIEND HUGO HAVE GOTTEN' A LITTLE TOO COCKY WITH THE BIG OIL MONEY GUYS? (ABOUT TIME!) He may have a hard time without the expertise and experience of big oil there to run the business? IMHO


Chavez says unhappy oil majors can leave

Reuters
Published: June 24, 2007, 00:24​

Caracas: Some oil majors have rejected Venezuela's terms for the takeover of their multi-billion dollar projects and can leave the Opec nation, President Hugo Chavez said, days before a deadline for them to strike nationalisation deals.
Exxon Mobil, Conoco-Phillips, Chevron Corp, Norway's Statoil, Britain's BP Plc and France's Total are the targeted companies in projects valued above $30 billion and capable of producing 600,000 barrels per day.
.
http://www.gulfnews.com/business/Oil_and_Gas/10134452.html
 
Last edited:
I would think that We might have dibbs on this black gold?

China eyes Iraq's oil
Press Esc
Sunday June 24, 2007​
China is pushing to regain access to Iraq's oil reserves at discussions held Iraqi President Jalal Talabani, who received a hamper of economic gifts on his first state visit to Beijing to meet his Chinese counterpart Hu Jintao.
http://infowars.net/articles/june2007/240607China.htm
 
Last edited:
That's right Nigerians calm down!! Gas is too high!!:mad:

Kidnappers release four foreign workers seized in Nigeria
24 Jun, 2007 l 1453 hrs IST
spacer.gif
l
spacer.gif
AP


PORT HARCOURT(NIGERIA): Kidnappers have released four expatriate workers seized weeks ago in restive southern Nigeria.

As journalists looked on, mediators on Saturday handed the Pakistani, Briton, French and Dutch citizens over to top security officials in Port Harcourt.


http://timesofindia.indiatimes.com/...ers_seized_in_Nigeria/articleshow/2144952.cms
 
Last edited:
Gas prices below $3:o

For first time since April, the national average price of gas is under $3 a gallon, according to Lundberg Survey.

June 24 2007: 5:10 PM EDT


(CNN) -- For the first time since April, the national average price of gasoline has dropped just a fraction of a cent below $3, coming in at $2.9961 per gallon in a survey out Sunday.
The Lundberg Survey, conducted by a California oil market research firm, recorded an 11 cent-per-gallon drop in the price of self-serve regular gas over the last two weeks. However, survey publisher Trilby Lundberg says not to expect any significant price drops in the near future, but rather a "modest downdrift."
http://money.cnn.com/2007/06/24/news/economy/lundberg/index.htm?postversion=2007062417?cnn=yes
 
Last edited:
50 years! By that time we should be fueling autos on coffee grounds or something?

BP looks to emerge from rough few years

Lowry Brott briefly closes his eyes as if he were listening to the first sounds of oil flowing 30 years ago from Alaska's North Slope into a pipeline that weaves 800 miles through several mountain ranges and hundreds of rivers and streams to Valdez.

http://www.thenewstribune.com/904/story/94945.html
 
Last edited:
OH! Now they tell us!! Crooks!:mad:

Oil rises on refinery outages

Problems reported at two Texas plants as gasoline supplies remain low; prices rebound despite strike resolution in Nigeria.

June 25 2007: 4:20 PM EDT


NEW YORK (Reuters) -- Oil rose Monday as a string of U.S. refining outages again sparked concerns of a supply shortfall in the midst of the top consumer's peak driving season.
Prices had fallen more than a dollar in earlier activity as Nigerian oil export fears eased after a production-threatening strike ended and Royal http://money.cnn.com/2007/06/25/markets/oil.reut/index.htm?postversion=2007062516
 
Last edited:
Oil eases ahead of stockpile report

U.S. inventory report expected to have climbed from nine-year high; traders also eye higher Nigerian exports.

June 26 2007: 7:07 AM EDT


LONDON (Reuters) -- Oil eased below $69 a barrel Tuesday as investors weighed ample fuel stocks in top consumer the United States and the potential for higher Nigerian crude exports.
U.S. crude dipped 30 cents to $68.88 a barrel in electronic trading. London Brent crude, now more representative of global oil prices, slipped 41 cents to $70.95.
Gas prices below $3 (more)http://money.cnn.com/2007/06/26/markets/oil.reut/index.htm?postversion=2007062607
 
Last edited:
06/26/2007 - Updated 12:18 PM ET
1.gif


Crude falls nearly 2% on easing supply worryEnd to strike in Nigeria, higher U.S. oil supply estimates weigh on prices
1.gif


By Myra P. Saefong, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures fell nearly 2% Tuesday, pressured by the end of a labor strike in Nigeria over the weekend as well as expectations for a rise in U.S. petroleum supplies and refinery activity.
:mad:
Phil Flynn, Alaron Tradinghttp://markets.usatoday.com/custom/...S&guid={2CE822AB-D82C-46D8-B945-8FB157609DC0}
 
Last edited:
Anyone ready to buy Oil stocks? This will probably cause oil prices to peak!:mad:

Venezuela pushes out U.S. oil giants

President Hugo Chavez vows to diversify Venezuela's oil customers to reduce reliance on U.S. companies, such as ExxonMobil and ConocoPhillips.

June 26 2007: 6:04 PM EDT


CARACAS (Reuters) -- President Hugo Chavez pushed U.S. oil giants Exxon Mobil and ConocoPhillips out of Venezuela Tuesday in a nationalization drive the United States said could hurt its oil supply.
ExxonMobil (Charts, Fortune 500) and ConocoPhillips (Charts, Fortune 500) decided to quit their oil operations in the OPEC nation after they failed to strike a deal to stay in multibillion-dollar projects that the anti-U.S. leader decreed should be taken over.
venezuela_oil2.03.gif


http://money.cnn.com/2007/06/26/news/international/exxon.reut/index.htm?postversion=2007062618
 
Last edited:
You must log in or register to reply here.
Back
Top