Keyword: oil prices

News

Europe Oil Refining Margins to Return to Reality in 2013

16.11.2012 - European oil refiners can expect margins to come back down to earth in 2013 as global capacity returns, after a rollercoaster this year that saw them soar in the second and third...

News

OPEC Acknowledges Shale Oil Supply May Be Significant

08.11.2012 - OPEC acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for...

News

Occidental, Conoco Q3 Profits Fall on Lower Prices

26.10.2012 - ConocoPhillips and Occidental Petroleum reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt...

News

U.S. Shale Boom a Boon for Asian Crude Importers

03.10.2012 - Asian oil importers will pay lower premiums for their shipments as a shale oil boom diverts more barrels from the United States to the world's biggest net oil buying region over...

News

Republican Senators: US Oil Reserves Should Be Kept for Emergency

02.10.2012 - Strategic reserves of oil should be kept for true supply shocks seven top Republicans in the U.S. Senate told President Barack Obama on Monday, urging the White House to avoid...

News

Fire Blazes at Chevron's California Refinery

07.08.2012 - A massive fire struck at the core of Chevron's large Richmond, California, refinery on Monday, spewing flames and a column of smoke into the air, threatening a prolonged outage...

News

Petrobras Posts First Loss in 13 Years

04.08.2012 - Brazil's state-led oil giant Petrobras on Friday posted its first quarterly loss in more than 13 years, fanning concerns that the company, hampered by government intervention and...

News

Cheap Shale Gas Helps LyondellBasell Beat Estimates

27.07.2012 - Chemical maker and refiner LyondellBasell Industries reported quarterly profit that beat expectations on Friday as cheap North American shale natural gas helped offset lower...