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Oil Above $74 on Dollar But Down 14 percent in May

Δευ, 31 Μαΐου 2010 - 13:39

Oil rose above $74 a barrel on Monday as the euro steadied, although worries about euro zone economic stability saw the commodity record its biggest monthly loss in 18 months.

BP Oil Leak: Top Kill Abandoned and on to the Next Plan

Δευ, 31 Μαΐου 2010 - 13:38

As the pessimists have been predicting for some time, BP has been forced to abandon its “top kill” attempt to force mud down its leaking well to stop the oil escaping.

Uranium Enrichment Not Discussed In Iran Deal--Brazil

Σαβ, 29 Μαΐου 2010 - 14:08

Iran's decision to enrich to 20% of its stock of uranium was never part of the negotiations behind the nuclear fuel swap deal Brazil and Turkey struck with Tehran last week, Brazil's foreign minister said Friday.

Drill Ban Crimps Suppliers Of Energy

Σαβ, 29 Μαΐου 2010 - 14:07

Oil and gas companies Friday began shutting down 33 oil-exploration rigs operating in deep water in the Gulf of Mexico in response to government demands while bristling at the prospect of the six-month drilling ban.

Obama Orders BP To Pay All Economic Injury Claims

Σαβ, 29 Μαΐου 2010 - 14:06

President Barack Obama, speaking in Louisiana, on Friday said he has ordered BP PLC (BP, BP.PLN) to pay all economic injury claims related to the Gulf oil disaster and reiterated that the outcome of a maneuver to plug the mile-deep well remains uncertain.

Russia, Kazakhstan Launch Customs Union Without Belarus

Σαβ, 29 Μαΐου 2010 - 14:06

Russian Prime Minister Vladimir Putin and his Kazakh colleague agreed on Friday to launch a customs union as their Belarussian counterpart failed to show up at a trilateral summit.

Gulf Drilling Halt To Cut US '11 Oil Output By 160K B/D

Σαβ, 29 Μαΐου 2010 - 14:05

President Obama's decision to halt ongoing drilling by 33 deepwater exploratory rigs in the Gulf of Mexico deepwaters could cut US oil production by 160,000 barrels of oil per day in 2011, says Adam Sieminski, energy strategist at Deutsche Bank, in a note to clients.

Iraqi Kurdistan Oil Output May Hit 200,000 B/D In '10-Minister

Σαβ, 29 Μαΐου 2010 - 14:05

Iraqi Kurdistan could raise oil production to 200,000 barrels a day by the end of 2010 and hopes to resume crude exports, the autonomous region's energy minister was quoted as saying Friday.

EU Clears Italy's Eni To Buy Mobil Oil Austria

Πεμ, 27 Μαΐου 2010 - 18:31

The European Commission Thursday cleared Italian energy company Eni SpA (ENI.MI) To buy Mobil Oil Austria, through its subsidiary Agip Austria.

OPEC Analyst: Oil Futures Contango Likely To Persist

Πεμ, 27 Μαΐου 2010 - 18:31

The contango structure of the oil futures curve is expected to persist for some time, according to Mohammad Alipour-Jeddi, head of the petroleum studies department at the Organization of Petroleum Exporting Countries.

Fire Extinguished At Gazprom Neft 380,000-Bbl/Day Omsk Refinery

Πεμ, 27 Μαΐου 2010 - 18:30

A fire has been put out at Russia's biggest refinery, located in the Siberian city of Omsk, Russian oil major OAO Gazprom Neft (SIBN.RS) said Thursday.

BP Shares +5% As Coast Guard Says Gulf Leak Stopped

Πεμ, 27 Μαΐου 2010 - 18:30

Shares in BP PLC (BP) rose sharply Thursday as U.S. Coast Guard Admiral Thad Allen, who is overseeing the disaster response in the Gulf of Mexico, said the company's "top kill" maneuver had successfully prevented oil and gas leaking from the well.

Applied Materials Sees China Providing Big Boost For Solar-Power Demand

Πεμ, 27 Μαΐου 2010 - 18:29

Applied Materials Inc. (AMAT), the world's biggest supplier of machines that make solar panels and computer chips, said China remains a bright spot for the company, propping up global sales even as parts of Europe remain at risk.