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17 May 2012

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Lower oil prices...

Brent trades near...

Oxfam sues over...

PetroChina, partners...

Oil prices fall...

Lower oil prices ease load on consumers and Obama

What only weeks ago was seen as a serious threat to the economic recovery could now turn into a stimulus everyone can love.Oil and gasoline prices are sinking, giving relief to businesses and consumers who a few weeks ago seemed about to face the highest fuel prices ever.President Barack Obama's re-election prospects could also benefit, especially if prices keep falling as some analysts expect. A ...

Source : Yahoo Finance | 9 Hour(s) AgoCategory : Commodities

Brent trades near 4-month low on Greece, possible stocks release

aversion up on possible Greece exit from EU, contagion fears; G8 countries to discuss emergence oil reserves release; US crude stockpiles up in 8th straight week, says EIASingapore: Brent crude slipped to a near four-month low on Thursday as investors shunned riskier assets following turmoil in Greece and the euro zone while oil supply could rise as G8 countries may tap emergency reserves ahead of...

Source : Livemint | 9 Hour(s) AgoCategory : Commodities

Oxfam sues over oil, mining payments to governments

Oxfam logo is seen on a signage outside a store in Dalston in east London November 28, 2008. REUTERS/Simon NewmanThe SEC is more than a year late in issuing a regulation requiring U.S.-listed oil, gas and mining companies to disclose the payments, according to the lawsuit, which was filed in federal court in Massachusetts.The regulation is mandated by a section of the Dodd-Frank Act that seeks to ...

Source : Yahoo Finance | 12 Hour(s) AgoCategory : Commodities

US Silver production declines sharply in Feb: USGS

United States mined silver production declined by 9% versus last year and was down 6% versus January’s levels, as per latest data released by the United States Geological Survey (USGS).According to USGS, Country’s mines produced 77,500 kilograms of silver in February. Production in Nevada was estimated at 15,500 kg in February versus January’s revised estimate of 15,100 kg.Production in other stat...

Source : Commodity Online | 13 Hour(s) AgoCategory : Commodities

Yahoo Finance

PetroChina, partners join in Canada LNG project

SHANGHAI (AP) -- Asian energy giant PetroChina plans to join with Shell Canada and major energy companies in Japan and South Korea in developing a liquefied natural gas export project in British Columbia.Shell will hold a 40 percent stake in the project, with Korea Gas Corp., Mitsubishi Corp. and PetroChina Co. each holding 20 percent shares, the Chinese state oil and gas company said Wednesday.Th...

Source : Yahoo Finance | 14 Hour(s) AgoCategory : Commodities

News Summary: PetroChina in Canada LNG project : Yahoo Finance

All 2 news..

WRAPUP 1-Huge finds make East Africa the next big gas source

May 16 (Reuters) - Western companies announced findsof huge additional quantities of gas off the coast of Mozambiqueand Tanzania, cementing the future of East Africa as a major newsupplier exporting liquefied natural gas (LNG) to energy-hungryAsia.Italian oil group Eni said on Wednesday it haddiscovered a vast new field at its exploration block inMozambique, while Britain's BG Group and explorer O...

Source : Sify | 14 Hour(s) AgoCategory : Commodities

Livemint

Oil prices fall as risk appetite declines

(Reuters) - Oil prices slid with world shares and the euro on Wednesday as investors fled from riskier assets, while a surprise build in U.S. crude inventories helped send the WTI benchmark to a more than six-month low.The possibility a political crisis in Greece may force the country's exit from the euro zone and send the region into deeper financial turmoil is fanning concerns about a slowdown i...

Source : Sify | 14 Hour(s) AgoCategory : Commodities

Oil falls on euro zone, WTI at six-month low : Livemint

Gold falls to lowest level since July 2011 Barclays : Commodity Online

All 4 news..

Anadarko Expands African Footprint

) announced that it has made a natural gas discovery in Offshore Area 1 of Mozambique's Rovuma Basin. The Golfinho discovery well encountered a total of more than 193 net feet (59 net meters) of natural gas play in two high-quality Oligocene fan systems.The new discovery is located 20 miles (32 kilometers) to the northwest of the Prosperidade complex. This new discovery followed the one made at th...

Source : Yahoo Finance | 15 Hour(s) AgoCategory : Commodities

Turkey close to Azeri gas deal

below.http://www.ft.com/cms/s/6e5c0f04-9e7d-11e1-a767-00144feabdc0,Authorised=false.html...

Source : FT | 18 Hour(s) AgoCategory : Commodities

Shell warns on US natural gas bounce : FT

Crude slips to six month low : FT

All 10 news..

Oil price still falling, near $93 a barrel

New York. It dipped to a seven-month low of $91.81 earlier and is down about 12 percent overall since the beginning of May., which helps set the price of oil imported into the U.S., fell by 87 cents to $110.58 per barrel in London.grew last week by 2.1 million barrels. That's more than analysts expected. Storage levels are now the highest in nearly 22 years. Prices tend to decline when more oil is...

Source : Yahoo Finance | 21 Hour(s) AgoCategory : Commodities

GE to acquire 2 mining equipment companies

to acquire 2 mining equipment companies to expand global business opportunities;is acquiring two mining equipment manufacturers to capitalize on growth in places like. The transaction is subject to regulatory and shareholder approval and is expected to close later this year.GE also signed a binding letter of intent to acquire Fairchild International, a Glen Lyn, Va., underground mining equipment m...

Source : Yahoo Finance | 21 Hour(s) AgoCategory : Commodities