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7 hours ago ago from Just My Memorabilia.

News Highlights KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) international oil reserves have received a major boost. The national oil company together with four consortiums has landed four oilfield development contracts in Iraq, which is said to have the last and largest proven onshore oil reserves that could be tapped economically. The four new contracts will lift the national oil company’s international crude oil reserves by an ...

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Drumbeat: December 17, 2009

9 hours ago ago from Commodities Options | Commodities Futures | Commodities Prices

Natural gas surges on record supply drop NEW YORK — Natural gas prices jumped Thursday after the government reported that supplies fell by the largest amount ever for this time of year as frigid weather chilled parts of the Midwest and Northeast. A wintry mix of rain and snow kept heaters cranked on high, consuming large stores of natural gas in some of the country's largest markets like Chicago. Still, the amount of gas in storage ...

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The Two Most Profitable Oil Plays in the World…

7 hours ago ago from Dividends Blog

Two companies are dwarfing big oil in profit margins and reserves. They're about to hand investors a double in the short run' No one knows if the price of oil will continue breaking records - but one thing is certain: The biggest oil companies are hardly the best oil investments. Four of the six - Royal Dutch Shell, BP, Chevron and ConocoPhillips - have profit margins that fall below the S P energy-stock average of .. And of those four, ...

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Stock views on Maruti, Marico, Cadila Healthcare, Essar Oil, Infosys, IVRCL

19 hours ago ago from Indian Stock Market Picks

IVRCL INFRASTRUCTURE RESEARCH: MACQUARIE RATING: OUTPERFORM CMP: RS 365 IVRCL is one of the top picks of Macquarie in the construction space. In addition to the Sion-Panvel Highway project, IVR Prime is the lowest bidder for two new road projects one at the Indore-Gujarat border and between Salem-Coimbatore. These two road projects would entail a cost of Rs 1,200 crore each. Of the current portfolio of road projects, the ...

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Oil price: where next? - and thoughts for 2010

16 hours ago ago from The Oil Drum: Europe - Analysis and Discussion of the European Energy Gap and Peak Oil

Figure 1 Oil supply - demand - price chart, Jan. 2002 to Nov. 2009. See text for explanation. Click to enlarge and open in separate browser window. In February this year, global oil production / demand hit an interim low of 84.0 million barrels per day (mmbpd) and the average price of West Texas Intermediate (WTI) that month was $39.16 / bbl. Since then, demand has recovered to 85.9 mmbpd in November and the average price was $78.08 / ...

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A Break at the Gas Pump

14 hours ago ago from The New York Times

HOUSTON This holiday season, consumers can expect a gift that should ease their burdens a bit: modestly lower gasoline prices. Toby Talbot/Associated Press Robert Bartell changing gasoline prices Monday in Montpelier, Vt. The national average for a gallon of gas is $2.59. Multimedia Brendan Smialowski for The New York Times Holiday decorations Monday at a Shell station in Fairfax, Va. Average gasoline ...

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Oil rises on weaker dollar

1 hour, 44 minutes ago ago from CNN Money

TRADING CENTER Oil rises on weaker dollar Blake Ellis December 18, 2009: 12:32 PM ET NEW YORK (CNNMoney.com) -- Oil rose above $74 a barrel on Friday after the dollar retreated from its three-month high against the euro and amid reports that Iranian troops entered an Iraqi oilfield on Thursday. The weakening dollar is driving what we're seeing today more than ...

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