Petroleum

Is US Crude Oil Nearing a Bear Market?

How's Your Energy Portfolio Reacting to Oil’s Fall? US crude oil prices On August 16, US crude oil September futures rose 0.7% and settled at $65.46 …

Oil

What is the cost of delaying Nigeria’s petroleum industry bill?

Copyright Africa Business News Pty. Ltd. © 2018. All Rights Reserved<p>This website uses cookies to improve your experience. We'll assume you're ok with …

Nigeria

Russian engine oil bags American Petroleum Institute license

Moscow, Aug 17 (IANS) Russia's state-owned gas major Gazprom's oil business subsidiary Gazpromneft-lubricants announced on Friday that it has become …

Oil

Crude Oil Price Forecast – crude oil markets quiet Thursday

WTI Crude Oil<p>The WTI Crude Oil market has done very little during the trading session on Thursday, as we continue to hover above the psychologically …

Oil & Gas Industry

Vopak puts petroleum terminals up for sale as second-quarter profit drops

Dutch oil and chemical storage company Vopak on Friday said it would consider selling four European petroleum terminals, as increasing competition in …

Polling

Hedge Funds Lighten Up on the FANGs

Amazon.com aside, the FANGs appear to be losing luster with big hedge funds. Those stocks—Facebook, Amazon, Netflix, and Google’s parent …

Business

Government Allows Conditional Import Of Petroleum Coke

Shares of cement companies such as Ultratech Cement, Shree Cement, Ambuja Cements and ACC rose following the announcement.<p><b>New Delhi/Bengaluru</b>: The …

Business (India)

News & Tips: SDX Energy, Interserve, Faroe Petroleum & more

• Daily trading news<br>• Funds coverage<br>• Features on big investment themes<br>• Comprehensive companies coverage<br>• Economic analysis

Personal Finance (UK)

Oil Gains but Demand Concerns Persist

Buyers return after the U.S. and China say they plan to resume talks over trade<p>Oil prices rose Thursday, recouping some of their losses after concerns about a global economic slowdown sparked a rout earlier this week.<p>Light, sweet crude-oil futures rose 0.7% to $65.46 a barrel at the New York …

Stock Markets

BRIEF-India's Dhunseri Petrochem Enters Into Agreement With Engineering For The Petroleum & Process Industries

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Trading

Storm halts Oman's Daleel Petroleum operations

DUBAI, Aug 16 (Reuters) - Fourteen workers were injured in a storm that also halted operations at Daleel Petroleum’s block 5 in the Sultanate of Oman on Wednesday night, the company said on its website. “Three to five workers” are in a “critical condition” and receiving treatment at the hospital of …

Oil

Aegean Marine Petroleum +18% as Mercuria takes 30% stake

Aegean Marine Petroleum (ANW +17.8%) explodes higher after commodities trader Mercuria agrees to acquire 30% of the company in return for providing …

Business

Bloomberg: Midstates Petroleum in talks to buy assets from SandRidge

Midstates Petroleum (MPO +1.4%) is in talks to buy SandRidge Energy’s (SD +2.7%) Mississippi and Oklahoma operations, and a deal could be reached by …

Business

Public offering of Crown petroleum, natural gas rights generates $6.5M for Sask.

The Saskatchewan Ministry of Energy and Resource said the most recent public offering of Crown petroleum and natural gas rights generated $6.5 …

Natural Gas

Why Woodside Petroleum Ltd Share Price Has Been Rising over the Last Six Months

Half-year results saw Woodside petroleum Ltd share price consistently increase over the last six months.Today, Woodside petroleum Ltd [ASX:WPL] …

Stock Markets

Zion Oil confirms active petroleum system in Megiddo-Jezreel well

Zion Oil & Gas (NASDAQ:ZN) +13.8% after-hours following confirmation of an active petroleum system in its Megiddo-Jezreel #1 well in Israel after …

Business

Oil Hits Two-Month Low on Contagion Fears, Rising Supplies

U.S. commercial crude-oil inventories are above the five-year average for the first time in several months<p>By<p>Dan Molinski<p>Oil prices fell to their lowest in two months Wednesday after U.S. oil inventories unexpectedly increased and as investors worried of softening demand from global trade tensions …

Oil

Crude oil in the spotlight after inventory shocker

Crude oil prices are slightly lower after yesterday's shock surge in U.S. stockpiles. Total petroleum inventories rose a strong 17.4M barrels in the …

Oil

Nigeria:Prices of Fuel, Cooking Gas, Diesel Decreased in July

[Vanguard] The National Bureau of Statistics, NBS says average price paid by consumers for premium motor spirit (petrol) decreased by -0.09 …

Oil

Woodside Petroleum Ltd. 2018 Q2 - Results - Earnings Call Slides

The following slide deck was published by Woodside Petroleum Ltd. in conjunction with their 2018 Q2 earnings call.<p>135<p>Click to enlarge

Business

India's Biggest Trade Deficit in Five Years Adds to Rupee's Woes

India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low on Tuesday.<p>The …

Economy

India Cutting Iran Imports Is Good News for Crude Oil

India may cut its Iranian crude oil imports by 50% to cooperate with U.S. sanctions and secure a waiver to continue shipments, according to a …

Oil

Oil Slides With Metals on Demand Concern While Stockpiles Rise

Oil slid for a third day as copper and other metals tumbled on concerns the Turkish crisis will spill over into emerging markets, and as an industry …

Oil

Results wrap: Fairfax's swansong, IAG profit slips and Woodside Petroleum's oil surge

There have been mixed results from the major companies reporting their earnings today — including Fairfax, Insurance Australia Group (IAG) and …

Brent Crude

Australia's Woodside Petroleum half-year profit rises 6 pct

Aug 14 (Reuters) - Australia’s Woodside Petroleum Ltd on Wednesday said first-half net profit rose 6 percent, aided by higher oil prices and larger production volumes.<p>Australia’s biggest listed oil and gas explorer reported net profit of $541 million in the half-year ended June 2018 compared with …

Oil

Whiting Petroleum Makes A Deal With Oasis

Whiting Petroleum (WLL) announced during its Q2 2018 earnings report that it had made a $130 million Williston Basin bolt-on acquisition of nearly …

Oil & Gas Industry

Condor Petroleum reports Q2 results

Condor Petroleum (OTC:CNPRF): Q2 net loss of C$5.2M<p>Revenue of C$4.8M<p>Press Release<p>Now read: <b>Sixty Six Oilfield Services reports Q2 results »</b><p><b>Subscribe</b> …

Business

FieldPoint Petroleum reports Q2 results

FieldPoint Petroleum (OTCQB:FPPP): Q2 EPS of $0.02<p>Revenue of $0.6M (-33.3% Y/Y)<p>Press Release<p>Now read: <b>Nabors Industries - A Look At Second Quarter</b> …

Business

Anadarko Petroleum declares $0.25 dividend

Anadarko Petroleum (NYSE:APC) declares $0.25/share quarterly dividend, in line with previous.<p>Forward yield 1.49%<p>Payable Sept. 12; for shareholders of …

Business

Why transporting oil by rail is popular, despite the cost

The fracking-driven surge in crude-oil production this century has forced two developments in the US transportation infrastructure: a boom in …

Oil