Exxon Worldwide Oil and Gas Production Decline 4.28 mb per day
Friday, October 28th, 2011Exxon’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 [...]
Tags:cnooc oil, exxon oil, gas production, oil prices, oil production, petrochina oil, sinopec
Review Oil Prices: Brent Crude Down 3USD per Barrel
Sunday, September 4th, 2011Brent crude down by more than $3 a barrel, and European stock markets rise at prospect of return to large-scale oil production. As oil declined on Monday, gold reached yet another record high, breaching $1,890 an ounce for the first time to trade at $1,894.80 for a period. Investors have been scrambling towards gold as [...]
Tags:brent crude, europe oil stock, libya oil market, oil prices review, oil production, oil trading
Asia Fuel Oil Fall as Refiners Losses From Turning Crude into residual Product
Saturday, January 22nd, 2011Asia fuel oil swaps fell as refiners’ losses from turning crude into residual products widened for the first time in six days. Gasoil’s crack spread, a measure of processing profit, extended a decline. Fuel Oil High-sulfur fuel oil swaps for February dropped $2.25, or 0.4 percent, to $538.50 a metric ton at 11:10 a.m. Singapore [...]