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By Phil Flynn |
January 28, 2013
While WTI and heating oil look toppy, RBOB on the other-hand looks poised to drive higher. RBOB looks to target more than $3.00 a gallon basis the March future.
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By Matthew Brown, Bloomberg |
January 11, 2013
Profits from selling U.S. liquefied natural gas abroad may be elusive, belying the $60 billion race for export licenses as the price gap between Asia and North America shrinks from record levels.
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By Grant Smith, Fred Pals and Nayla Razzouk, Bloomberg |
December 12, 2012
OPEC kept its production target unchanged for a second time this year as the group’s members judged prices are sufficiently high amid forecasts that supply will outpace demand for their crude in 2013.
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By Brian Swint and Eduard Gismatullin, Bloomberg |
October 30, 2012
BP Plc, Europe’s second-biggest oil company, raised its dividend as third-quarter profit beat analysts’ estimates.
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By Phil Flynn |
October 24, 2012
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7% this year to an average of 10.9 million barrels per day.
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By Barbara J Powell, Bloomberg |
October 3, 2012
U.S. gasoline prices at the pump are poised to drop by year end, if history is any guide, as refineries resume production, Europe exports more fuel to the East Coast and Americans drive less.
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By Joe Carroll and Jim Polson, Bloomberg |
September 12, 2012
Chesapeake Energy Corp. agreed to sell oil and natural-gas assets for $6.9 billion in a series of transactions that will narrow a cash-flow shortfall threatening to crimp the company’s drilling and production goals.
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By Phil Flynn |
September 11, 2012
Gas prices still are not really coming down in Chicago or in China. Motiva Enterprises LLC expects to need another week to get the main production units running at its Convent, La. refinery.
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By Joe Carroll and Yuriy Humber, Bloomberg |
September 10, 2012
Transocean Ltd. agreed to sell most of its shallow-water drilling fleet for $1.05 billion as part of the company’s exit from the market for rigs propped up on steel legs that it created more than 50 years ago.
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By Cathy Chan, Matthew Campbell and Brian Swint, Bloomberg |
August 14, 2012
BP Plc is seeking as much as $7.9 billion before tax payments for a group of Gulf of Mexico oilfields as it unloads assets following its 2010 spill in the region, two people with knowledge of the matter said.
