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Exxon Worldwide Oil and Gas Production Decline 4.28 mb per day

Exxon’s oil and gas production declined by 3.8 percent during July-September period is equivalent to 4.28 million barrels of crude per day, the company Irving, Texas-based said yesterday in a statement. That is the lowest output since the second quarter of last year and the biggest drop since 2008. Exxon, the world’s largest company by [...]

Friday, October 28th, 2011

Oil Prices per Barrel Down as Japan Disaster

Oil prices dropped to near $99 a barrel Monday in Asia after a massive earthquake and tsunami devastated northeastern Japan and threatened to send the world’s third-largest economy into recession. Benchmark crude for April delivery was down $1.63 at $99.53 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. [...]

Monday, March 14th, 2011

Oil and Natural Gas Corp Report Profit 3Q likely to Boost Investor Confidence

Oil & Natural Gas Corp or ONGC, the India’s biggest energy explorer, posted a record profit in the third quarter that’s likely to boost investor confidence before a share sale that may raise 121.2 billion rupees ($2.6 billion). Net income in the three months ended Dec. 31 more than doubled to 70.8 billion rupees from [...]

Saturday, January 29th, 2011