Exxon Worldwide Oil and Gas Production Decline 4.28 mb per day

Friday, October 28th, 2011

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 [...]

Review Oil Prices: Brent Crude Down 3USD per Barrel

Sunday, September 4th, 2011

Brent 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 [...]

Asia Fuel Oil Fall as Refiners Losses From Turning Crude into residual Product

Saturday, January 22nd, 2011

Asia 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 [...]