Oil & Gas News

Latest Oil & Gas News from Oil & Gas Industry Today

Groundnut oil prices on downward trend
16 May 21:08 GMT

… 17, 2012, 00:04 ISTGroundnut oil prices have started declining after a … edible oil has also added to the weakness in the groundnut oil prices … groundnut for crushing. "Groundnut oil price is coming down as availability …
Lower oil prices ease load on consumers and Obama
16 May 21:03 GMT

… , San Diego who studies oil prices. Lower oil prices also mean cheaper diesel and … fuel for shippers and airlines. Crude oil, which is used to make … to Tom Kloza, chief oil analyst at the Oil Price Information Service. A …
Oil prices slide Wednesday...
16 May 20:55 GMT

… picture of its petroleum supplies. Crude oil reserves soared by 2.1 … to the crude oil build as bearish for the market. “The oil market … of oil demand from the United States, that showed increasing crude oil inventories …
U.S. to seek G8 support for oil reserve release - Kyodo
16 May 20:52 GMT

… seek support to tap emergency oil reserves from other Group of … suggests that a slide in oil prices to their lowest in months … .S. efforts to use strategic oil stockpiles to offset diminishing exports … tough new sanctions on its oil industry. The EU ban on …
Oil down as equities dip on Greek, euro zone woes
16 May 20:48 GMT

… Ramos NEW YORK (Reuters) - Crude oil futures tumbled on Wednesday, coming … had erased an uptick in oil prices in morning trading after U … Energy in Dallas. Also keeping oil prices lower was news that U …
Oil prices’ swift descent into summer
16 May 19:03 GMT

… ’s only one way for oil prices to go: down. And that … latest on oil prices. It’s been a surprisingly swift decline. Oil prices have … Jenny Paris discuss. Photo: AP Oil prices are down because the economy …
Oil Ready to Break Key Technical Levels, Commodity Report by Top Financial Newsletter Profit Confide
16 May 18:41 GMT

… to 2009. In the article, Oil Prices at Crucial Technical Level, Cekerevac … West Texas Intermediate oil market. “On a weekly chart, oil prices are currently … in order.” Cekerevac believes that oil prices are forming a giant wedge …
Oil prices down about 12 percent since the beginning of May, gas pump price averages $3.73
16 May 18:26 GMT

… May. Brent crude, which helps set the price of oil imported into … to decline when more oil is available. Oil prices tumbled this month as … to AAA, Wright Express and Oil Price Information Service. The price of …
U.S. set to seek G8 support for oil reserve release-Kyodo
16 May 18:15 GMT

… , stressing the need to stabilize oil prices and demonstrate solidarity in putting … plans on hold. U.S. crude oil prices, which were already down sharply … at a time of falling oil prices risks sharpening attacks from Obama …
Oil prices down about 12 per cent since the beginning of May as U.S. stockpiles grow
16 May 18:07 GMT

… May. Brent crude, which helps set the price of oil imported into … government reported that U.S. oil supplies grew last week by … to decline when more oil is available. Oil prices tumbled this month as …
Oxfam sues SEC to force completion of Dodd-Frank oil transparency rule
16 May 18:01 GMT

… delayed regulations that will require oil, gas and mining companies to disclose … issue regulations that force SEC-listed oil, gas and mining companies to reveal … manager of Oxfam America’s oil, gas and mining program, in a …
GOP lawmaker says Obama 'tone-deaf' on the toll gas prices take on business
16 May 18:01 GMT

… , as they are tethered to oil prices set on world markets. Obama … that focuses on expanded domestic oil and natural-gas production, improved vehicle … touted federal data that show oil production at its highest level …
Oil down, ECB move on Greece drags after U.S. data
16 May 17:03 GMT

… Ramos NEW YORK (Reuters) - Crude oil futures fell on Wednesday as … move erased an uptick in oil prices after U.S. data showed … in oil futures. "One element contributing to the decline in oil prices …
Will Seaway reversal narrow oil price discounts?
16 May 17:00 GMT

… Seaway oil pipeline restarting in reverse to clear a bottleneck of crude … Canadian railway shipment of crude and oil products reached a record of … hauled 20,400 carloads of crude oil in the first quarter of …
Oil rig firm Lamprell shares slump after profit warning
16 May 16:48 GMT

… profits warning. Photograph: Lamprell London-listed oil rig builder, Lamprell, has issued … a victim of the high oil price which has led to a … this year. Keith Morris, an oil analyst with Investec Securities, pointed …
Oil price still falling as supplies grow
16 May 16:46 GMT

… May. Brent crude, which helps set the price of oil imported into … to decline when more oil is available. Oil prices tumbled this month as … to AAA, Wright Express and Oil Price Information Service. The price of …
Crude oil decline: More than just fear and uncertainty
16 May 16:11 GMT

Crude oil has been sticking out as … a look at U.S. crude oil inventories: They’re rising, suggesting … , the current week is when crude oil inventories typically hit their highs …
Oil falls below $92 a barrel, a six-month low
16 May 16:02 GMT

Crude oil future traders work on the … , 2012, 8:56 a.m. Crude oil futures tumbled to a six-month … about the size of the oil stockpile. The Energy Information Administration … release its own set of oil data later Wednesday. Should Hellenic …
Oil price still falling, near $93 a barrel
16 May 15:55 GMT

NEW YORK – The price of oil continues to decline as supplies … May. Brent crude, which helps set the price of oil imported into … government reported that U.S. oil supplies grew last week by … tend to decline when more oil is available. At the pump …
Oil Prices Continue To Fall
16 May 15:54 GMT

… (AP) -- The price of oil continues to decline as supplies … May. Brent crude, which helps set the price of oil imported into … government reported that U.S. oil supplies grew last week by … tend to decline when more oil is available. At the pump …
Oil prices slide on stronger dollar
16 May 15:19 GMT

AFP - Oil prices slid on Wednesday, with New York crude hitting the … continuing to exert pressure on oil prices," said Commerzbank analyst Eugen … will exit the eurozone. "Oil prices remained under pressure as euro …

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