Industry News
MSN Money Analyst: Hang on to your oil stocks
"Hang on to your oil stocks and buy more when the opportunity presents itself," advised MSN Money investment writer Jim (read full article »)
Published in Industry News | on Thursday, April 24th, 2008
Boone Pickens revises oil price forecast
Boone Pickens, famous for making his fortune by investing in oil, has rescinded his assertion that the near-term price of (read full article »)
Published in Industry News | on Sunday, April 20th, 2008
Oil Industry Headlines: Week of April 12
Oil prices hit a record high of $117 this week due to several contributing factors: On Monday, Mexico shut-in several (read full article »)
Published in Industry News | on Friday, April 18th, 2008
Oil Industry Headlines: Week of April 5
In an effort to offset rapid declines from its most prolific oilfield, Mexico's President Felipe Calderon sent an energy bill (read full article »)
Published in Industry News | on Friday, April 11th, 2008
Guinness: Oil investments still have upside potential
Demand from emerging economies is a "near irresistible force" that is likely to drive oil prices up 40% in the (read full article »)
Published in Industry News | on Thursday, April 10th, 2008
Oil Industry Headlines: Week of March 29
Negotiations between Iraqi officials and five oil majors "have slowed but not stopped," said an oil executive involved in the (read full article »)
Published in Industry News | on Friday, April 4th, 2008
Oil Industry Headlines: Week of March 22
Oil surged past $107 after a pipeline explosion in Iraq on Wednesday. "Crude oil for May delivery rose $1.68, or (read full article »)
Published in Industry News | on Saturday, March 29th, 2008
Oil Industry Headlines: Week of March 15
"We have defeated Exxon," declared Venezuela's Oil Minister Rafael Ramirez after a U.K. court lifted a $12bln freeze on the (read full article »)
Published in Industry News | on Friday, March 21st, 2008
Oil Industry Headlines: Week of March 8
Crude oil prices hit $110.20 a barrel on the New York Mercantile Exchange last Wednesday, setting the eleventh record high (read full article »)
Published in Industry News | on Friday, March 14th, 2008
Are investors driving up the price of oil?
Recently, many analysts have pointed to speculation in the market as an explanation for record oil prices. Not so, reports (read full article »)
Published in Industry News | on Tuesday, March 11th, 2008
Oil Industry Headlines: Week of March 1
The price of crude oil dominated headlines again this week. On Friday, tensions between Columbia and neighboring countries, along with (read full article »)
Published in Industry News | on Friday, March 7th, 2008
Oil Industry Headlines: Week of February 22
Despite an almost 60% rise in crude oil prices in 2007, Mexico's state-owned oil monopoly could not dig itself out (read full article »)
Published in Industry News | on Friday, February 29th, 2008
Oil Industry Headlines: Week of February 15
Crude oil hit yet another high on Wednesday, touching $101.32 before settling at $100.74. Among the many circumstances affecting oil (read full article »)
Published in Industry News | on Thursday, February 21st, 2008
Boone’s still bullish on long-term oil investments
Boone Pickens, a man that is legendary for amassing his fortune by investing in oil, told CNBC this morning that (read full article »)
Published in Industry News | on Thursday, February 21st, 2008
Oil Closes Beyond $100
When Goldman Sachs analyst Arjun Murti predicted the possibility of a $105 bbl superspike back in 2005 people laughed at (read full article »)
Published in Industry News | on Wednesday, February 20th, 2008
A look at who’s betting on $100+ oil
Many analysts say the recent runup in prices hasn't capped yet, leaving room for oil investment gains to intensify.
The (read full article »)
Published in Industry News | on Monday, February 18th, 2008
Oil Industry Headlines: Week of February 8
How much is the opportunity to invest in Iraq's oil industry worth? For Russia, the magic number is $12.9 billion. (read full article »)
Published in Industry News | on Thursday, February 14th, 2008
Oil Industry Headlines: Week of February 1
Mexico's state-owned oil company, PEMEX, recently signed two extension agreements with Exxon Mobil Corp. Due to a constitutional ban on (read full article »)
Published in Industry News | on Thursday, February 7th, 2008
Oil Industry Headlines: Week of January 25
In an e-letter sent to employees, Shell's Chief Executive Jeroen van der Veer wrote, "Shell estimates that after 2015, supplies (read full article »)
Published in Industry News | on Thursday, January 31st, 2008
Oil Industry Headlines: Week of January 18
George Clooney has been invited to Nigeria by the country's most influential militant group, the Movement for the Emancipation of (read full article »)
Published in Industry News | on Thursday, January 24th, 2008