Viet Nam has made a first price offer for term supplies of its flagship Bach Ho crude at a record-high premium of $9.05 a barrel to Minas quotes, up $2.52 from the current price as supplies fall, traders said on Monday.
The offer applies to supplies to be lifted between October 2008 and March 2009.
Potential buyers submitted first bids a week ago at premiums of between $6.00 and $6.30 a barrel
With bunch of better than expected earnings results stock markets have turned to the north. We see second day rally after good results coming from JP Morgan Chase (JPM), Wells Fargo (WFC) or Intel (INTC) . Another interesting tech earnings release right after closing bell today from Google (GOOG) or Microsoft (MSFT).On the other hand commodities turned to negative. Improved outlook for financials
Global stock markets which are falling due to continuous rise in crude oil prices suddenly find some breathing space. Crude oil prices fell by 7% in the last 2 days due to fears of decrease in demand due to slowdown in American economy. US Banking stocks saw the sharpest rally ever in the last 16 years. Global markets are rising due to this unexpected sharp correction in global crude prices. But i
Natural gas, coal, oil, and even solar stocks are at risk of downside due to the slide of crude oil. Adding to yesterday's drop, crude is off by about $13 a barrel in the last 48 hours. Wow!Crude broke below the my "magic number" of $136 this morning with its print at $134. (Scroll down to yesterday's post for more.) There's a strong base of support at $132 at which crude might
Crude is falling off of a cliff today. Check out this intraday chart of the crude.I'm not surprised that the sell-off stopped at $136. That's the magic number in crude as far as I'm concerned. If $136 is broken, as defined with a print at $134, then I think the crude rally is over for the time being. That would be good for stocks!
The reality of what you are asking for, when you demand the UK govt do something about the price of oil, by Johann Hari in the Independent.
When you cry for cheaper oil, do you know what you are really asking for? Gordon Brown has just shown us. He has unwittingly exposed the pipeline that runs [...]
Political tension and falling US dollar pushing crude oil to new all time highs every week. Cumulative return for crude oil since the beginning of 2000 is 696.6% which gives annually return 25.9%. It is the commodity with the highest performance. Just for comparison NASDAQ return is 21% and S&P 500 with 19.5%.Another winner in the current market is gold. All these financial turmoils attract at
I just wanted to post this chart of crude oil because I find it interesting on a technical basis.
Notice how perfectly crude oil is trading within its channel bouncing from low to high but always remaining within the channel lines. It will be interesting to see what happens when these line are broken.
Notice also how oil is making a low approximately every 5 weeks. It appears as though we're
Technorati Tags: news,malaysia,usa,america,oil news,crude oil prices news
Good morning Malaysia! How are you this morning?
Allow me to spoil your fine morning with some bad news coming straight from America. I know you Malaysians only want to hear sensational stories and rumors about Abdullah Ahmad Badawi and Najib but this is much more important since it might indicate that we are going to
Airlines operators in India would continue to incur losses even if there is a significant fall in crude oil prices, if they do not undertake a revenue augmentation exercise in conjunction with cost-cutting measures and efficiency improvement initiatives soon, a leading research firm warned today. "The sharp increase in crude oil prices in the first half of 2008 has led to a corresponding rise
Crude oil is off by about $10 a barrel in the last few days, which has many market watchers -- and drivers -- jumping for joy. But I'm not entirely convinced that the crude bull market has ended."The sharpest corrections always occur within the context of a bull market."I'm reminded of the old trader axiom above when I look at the 6 month chart of crude.There have been many sharp correct
From Blobal Stock Market BlogLast week crude oil traded up to yet another record high price above $145 a barrel. Black gold is living up to its nickname, having jumped more than 72% over the past 12-months alone – and up a stunning 631% since the end of 2001!There’s been much speculation of late about whether or not oil prices are in a “bubble” that’s destined to burst just like China la
Crude has gone past USD 145 per barrel mark and rate hike is expected from European market. Experts feels, if the USD 147 per barrel level is broken, then crude is slated to touch USD 156.85 in next three months, which point there would be a very sharp correction. Correction can take crude to level [...]
Let's see. Hmmm. Tis time to give a Smith Wigglesworth performance, doth numbers in the crowd may drop otherwise.Please pray for this man healing. Jesus still heals and delivers today. God has never stopped performing miracles. You do not have to pay for it, and you certainly do not need an "impartation" straight from Hell.
Of DOW JONES NEWSWIRES
BRUSSELS (Dow Jones)–A rate hike by the U.S. Federal Reserve will lower crude
prices as financial speculators quit the commodity in favor of alternative
assets, according to the secretary general of OPEC, with the producer group
unlikely to fret if prices fall back to levels that reflect the fundamentals of
oil - conceivably below $100 a [...]
What are the major types of crude oil? Crude oil is classified as 'sweet' and 'sour', depending upon its sulphur content. Sweet crude has less than 0.5 per cent sulphur content whereas sour crude has more than 0.5 per cent. Sour crude oils are cheaper than the sweeter variety. They are more complex and expensive to refine. Some of the well-known varieties of crude oil are Brent (sweet), Dub
The real reason for the spike in crude is 'FED Printing press which is printing dollars' since there are more number of dollars printed hence a drop in value of a dollar which makes the asset denominated in dollars cheaper. And in turn to maintain the real value of the asset (in demand) denominated in dollars the asset price moves up. Since Crude was considerably less priced , yah because while th
From The Australian BusinessTHE world's most powerful oil producer, Saudi Arabia, and the most important consumer, China, have both lined up to try to tackle surging oil prices that are threatening global growth, in a dual effort that could crimp demand and boost supply.Their efforts, and the oil market's reaction next week, will play a big part in determining the strength of oil's run to above $U
US Governement designated the polar bear as an endangered species, last month.Now the Fish and Wildlife Service (FWS) stands accused of giving oil companies a "blank cheque to harass polar bears".
Theseven oil companies that paid $2.6 billion in February for the rights to look for oil in the Chukchi Sea, off the coast of Alaska. Some 2000 polar bears live in the region - a significant ch
KUALA LUMPUR: Stock prices on Bursa Malaysia closed broadly lower on Tuesday on very low volume, as investors continued to exercise caution in the wake of rising fuel costs, inflationary pressures and the impact on the broader economy. External concerns remain uncertain, with Wall Street and crude oil exhibiting high levels of volatility in recent days as investors react to the prospect of higher
Hey guys we have to do a campaign about the alternatives energies, as you know the oil price is always climbing to new highs. So we have to promote more the alternatives energies sources such as solar, wind and wave. Today I hit to excellent post at ac-investor.blogspot.com, this post has some interesting questions and its author answer to all of them with intelligence. So, if you have curiosity
Since 2006 that we are seeing the price of crude moving dramatically up, with many people pointing the movement as a consequence of the demand, but is this really truth? Of course not, the demand is one of the reasons but there are other reasons well structured that are making this commodity fly so high, the speculation behind some funds, banks and other financial groups. Did you know that the who
Crude oil declined for a third day amid concerns that slower economic growth will curb consumption of oil products.
Oil has retreated more than $7 from yesterday's record of $139.89 a barrel. German investor confidence dropped to the lowest in more than 15 years in June as surging inflation hit...
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Today, the news papers are with fire, to inform the people that the crude oil prices are toucing $140 barrel. The loss of the weight of dollars against Euro, is said to be the reason for the stoppable indrese of the prices.
My E-Mini Crude (QM) SWING Chart above...
The failed breakout last night from a triangle chart pattern clearly killed both the Bulls, & the Bears. Protective Stops (long & short) would have been triggered by the breakout, and as well as the subsequent failure. Truly, it was the market's way of wiping out all parties in sight!
Scientist believe to have discovered a way to make crude oil from genetic alteration of small bugs, or bacteria. Greg Pal Former software executive says he has found a way to make bacteria that eats ag waste like wood and plants and then excrete crude oil. He is hoping to be testing his oil in cars next month, more to come on this one!
Technorati Tags: malaysiakini,malaysiatoday,malaysia today,malaysia,crude oil prices news
Watch out, Malaysians!
Things will go from bad to worst for everybody if the crude oil prices break the US140 barrier. I don’t think it will take long to do that. It could be this week or next week. It is...
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Technorati Tags: malaysiakini,malaysiatoday,malaysia today,malaysia,crude oil prices news
Watch out, Malaysians!
Things will go from bad to worst for everybody if the crude oil prices break the US140 barrier. I don’t think it will take long to do that. It could be this week or next week. It is inevitable!
See, I told you silly Malaysians so many times on this blog. It is pointless to
clipped from uk.reuters.comLONDON (Reuters) - Oil surged to a new record high on Monday of nearly $140 a barrel, propelled by weakness in the U.S. dollar which offset the bearish impact of plans by Saudi Arabia to boost output.U.S. crude set a record high of $139.89 a barrel.
Google Gadget Description:Crude Oil Dashboard - Monitor Price, Change, Trades, Volume, Range, Open price and 1 Year ForecastAuthor:Marty LindsayAdd to iGoogle | Add to your webpage | View Source | About Author
Diesel fuel produced by genetically-engineered bugs.Several Silicon Valley companies are already genetically altering microbes and small organisms--bugs, so to speak--so that they produce something for nothing.The something? How about petroleum products.The nothing? How about agricultural waste--wood chips or straw or other biomass.The organisms eat the waste products and excrete crude oil.“Ten
Last night I had a chance to watch most of the documentary Crude Impact. I was impressed as I had expected. It is a bit more challenging to watch as opposed to your normal Inconvenient Truths or 11th Hour but it is packed full of great info and most certainly motivating to change ones lifestyle to fit our modern world's dangerous situation.
The reason these videos are so great is because they
Scientists in California have managed to stumble upon what seems to be the discovery of the century. The genetic alteration of bugs created a super species that can eat agricultural waste (woodchips, wheat straw etc) and excrete crude oil. This ?renewable petroleum? promises to keep us addicted to the black gold and and (hopefully) drop [...]
Even though I drive a somewhat gas efficient vehicle, my wallet still hurts after a trip to the gas station. What can we do? Nothing. Maybe drive less, but public transit in Vancouver totally sucks. We, consumers, have to pay for whatever they want at the pump.
According to Times Online, people in Silicon Valley have [...]
Do we underestimate the Crude reserves?This week oil prices escalated to a record $139 per barrel, but that may partly be because the amount of available oil in known reserves has been significantly underestimated. Black gold might not be as scarce as we thought.
Oil companies produce a bell-shaped probability distribution for how much each oil reservoir might hold, and then quote as an
My E-mini Crude(QM) SWING Chart above...
Crude continues to defy gravity and with the POSITION Chart still pointing up and yet to reach PRIME Resistance, I guess it will be a self-fulfilling prophecy that Crude eventually tests US$150/-.
Chicago -- A sharp gain in crude oil prices pushed grain trading Friday, pressuring demand for corn and soybeans on the Chicago Board of Trade.Corn was up 6 1/2 to up 7 3/4; soybeans were up 3 to up 8; wheat was up 25 1/2 to up 26 1/4; oats were off 4 1/2 to off 5.A weak dollar, a surge in oil and wet weather lifted corn Friday. Wheat gained, although beneficial rains are predicted for Australia's
"Alice, it would be nice if something made sense for a change"--Mad Hatter, in "Alice In Wonderland" Overnight, the head of Russia's state-owned oil company,...
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Google Gadget Description:Crude Oil Price - Real Time Graphs of Crude Oil Prices. Daily, Weekly, Monthly, Yearly. Clearly see trends related to Peak Oil.Author:Marty LindsayAdd to iGoogle | Add to your webpage | View Source | About Author
Crude oil fell more than $2 a barrel as the dollar climbed against the euro and yen, curbing the appeal of commodities.Energy and metals dropped after Federal Reserve Chairman Ben S. Bernanke said economic risks have faded, spurring bets that interest rates will rise and bolstering the dollar. Investors looking to hedge against the dollar's drop have helped lead oil, gold, corn and gasoline to rec
The Cabinet of the top oil exporter Saudi Arabia said on Monday it would call for a meeting between producing and consuming nations to discuss prices. The Saudi cabinet added there were no fundamental reasons for the oil price surge, adding that markets were well supplied. Iran's OPEC governor, Mohammad Ali Khatibi, said on Monday there was no reason for the Organization of Petroleum Exporting
Meanwhile, the BSE Sensex was down 538.54 points, or 3.52%, at 15024.64, on weak cues from global markets. US stocks plunged on Friday, 6 June 2008, marking the Dow`s worst day in 15 months, after the US government said the May 2008 unemployment rate jumped the most in 22 years and oil prices shot to another record, renewing fears that the US economy faces 1970s-style stagflation.On BSE, 17.9 lakh
Once again I would like to remind all Malaysians that fuel hikes like what we had experienced last week (Malaysian petrol was raised to RM2.70 per litre) were inevitable and unavoidable. Nobody at the bottom of the heap likes it but there is no way around it.There is no point in planning and organizing mass rallies to protest about fuel hikes (there is one big rally coming up if we go by what has
Indonesia's natural gas production has continued to increase from year to year and is now replacing the position of natural oil production which is now declining, a legislator said.Chairman of Commission VII of the House of Representatives (DPR) which deals with energy affairs, Airlangga Hartarto said Sunday that natural gas whose production was increasing would continue to become a strategic comm
Hantu Laut
Subsidising the costs of petrol and diesel are no more feasible due to the high costs of crude oil. Continuing doing so would eventually take the nation to the road of insolvency.The price hike announced by the Prime Minister recently would also put a brake on smuggling that have rendered the nation massive economic losses.
Are we to believe all those hardball politics ? Many don't
Crude oil which is almost writing stories in every countries Economy saw a big spike today in NYNEX which they say is one of the first and it surged more than 10 dollars a barrel touching a record of USD 139.12 a barrel during trading. I dont understand the reason they are saying for the [...]
Navtej Kohli is constantly worried about the searing oil prices. Oil prices, if continue to rise, will soon bring the entire world to a standstill. “Despite of such massive scale explorations, we are still in dearth of oil” says Navtej Kohli.
However, Wednesday brought a respite with crude oil prices dropping more than $160 per barrel.
Crude [...]
The latest numbers on U.S. Crude Inventories will be published on June 4 at 10:30 AM.
Last Week, U.S. government data indicated a drop of 8.8 million barrels in crude oil inventories, the biggest weekly decline since September 2004. At that point in time, however, stocks at the U.S. crude delivery point of Cushing increased 700,000 barrels and distillate stocks showed a larger-than-expected build
Our April 14th call for an upper range of $130 for WTI light sweet crude is being adjusted upward to $140/bbl for the same reasons we've outlined before: strong world demand and that the days of easy access to sweet crude are in the rear view mirror. As one example, last week it was reported that output from Mexico's Cantarell oil field plummeted to just over 1 mln barrels per day. True, the Mex
Crude oil fell for a second day in New York after declining the most since March yesterday as record prices reduced demand for gasoline and jet fuel.U.S. fuel demand declined 0.7 percent to 20.5 million barrels a day in the four weeks ended May 23 from a year ago, the Energy Department said yesterday. The dollar headed for a second monthly advance against the euro and the yen, dimming the appeal o
Multinational oil corporation BP is planning on reopening and reversing the flow of a crude oil pipeline in Panama to bring Atlantic basin crude oil to west coast American markets. The pipeline was originally created to pump Alaskan crude from the Pacific to Atlantic side of the isthmus, yet was shut off in 1996 [...]
Most of the Asian indices gave up their early gains to slip into the red as a retreat in crude-oil prices hurt energy stocks in Tokyo, Sydney and in Hong Kong. Oil continued to fall following Tuesday`s sell-off as investors took profits after last week`s record highs and amid fears over slowing crude demand from the world`s biggest energy consumer, the U.S. The high prices at the pump may curb U.S
RIL is set to be the first oil and gas private major to develop an oil and gas market in the country. It will be inviting price quotes from oil refining companies. This would also set the first benchmark for market-driven prices in the crude oil sector. RIL has had initial round of talks with refinery companies such as Hindustan Petroleum Corp for its Vizag refinery, Mangalore Refinery & Petro
“So far, no major oil companies have entered Belize. For investors, that is a good thing. It gives us an opportunity to explore the smaller, fast-growing companies that will be moving to the area. ” - Andrew Snyder
By Andrew Snyder
Baltimore (TFN) — It is a real-life version of the Beverly Hillbillies. Or maybe it should be [...]
Crude prices have risen by nearly US $ 65 or 92.85 % in one year on a point-to-point basis. Crude which was selling at US $ 70 in May 2007 is now selling at US $ 135 in May 2008.Most economies are likely to witness significantly pressures as essential commodities items like rice, wheat, dal, etc have a direct co-relation between the supply of fuel costs and selling prices. The essential items pric
Asian shares traded mostly lower, with Japanese and Australian shares reversed earlier losses to end higher, shrugging off a slump in global equity markets. The declines were in line with a weaker finish on Wall Street yesterday, after crude-oil prices surged above $133 a barrel, alarming investors worried about the impact upon consumers and the overall economy. On Wall Street, the Dow Jones Indus
After a lot of action yesterday the Indian markets some how recovered from the initial losses and closed the day just higher by 13 points. Well a bigger drama is unfolding with crude oil prices touching $135/barrel. The Dow and Nasdaq suffered a loss of about 1.77% each in yesterday’s trade. The Asian [...]
It's now a cliche: fat-cat oilmen control our destiny by holding back supplies, letting prices soar, then pocketing the profits. But if any fat cats are to blame for the energy crisis, it's those on Capitol Hill.
clipped from uk.reuters.com WASHINGTON, May 21 (Reuters) - U.S. Energy Secretary SamBodman said on Wednesday that record oil prices fairly reflecttight supplies and strong global oil demand, and thatspeculators were not at fault for pushing up petroleum costs. "When you look at the numbers, the production of oil hasreally been flat," Bodman told reporters. "Clearly, we have anincreasing demand for
Speculators and the oil-exporting countries……..Oil prices rose above $130 a barrel for the first time Wednesday. It becomes obvious that there are a lot of people making fortunes with the current prices of Oil, deteriorating at the same time the life of many others, consequently the economical environment. The systematic increase in Crude Oil, has been recently fuelled by some investments hous
Oil prices have broken the $130 barrier for the first time ever today, peaking at $132 a barrel.Gordon Brown has blamed the recent price spike on OPEC, claiming that they are holding back oil production. Given that OPEC control about 40% of the world's oil production, they are in a considerable position of power over the price of the 'Black Gold'.Their power over governments looks set to increase.
This morning while scanning the Newsflashr Business Feeds section, I noticed that virtually every major news organization was reporting on Crude Oil prices breaching $130 per barrel for the first time. Most of the headlines were of this variety:
“Crude Surges Above $130 on Supply Concern” - Fox Business
“Oil Tops $130 for First Time” - [...]
SINGAPORE, May 20 (Reuters) - Rig-makers such as Sembcorp Marine and oil services firms like KS Energy rose as crude oil futures stayed over $127 a barrel on Tuesday.
Sembcorp Marine, the world's...
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Iran's oil minister yesterday rejected any idea of Organisation of Petroleum Exporting Countries raising production, saying it would fail to ease record prices as the market was already "saturated" with oil. Gholamhossein Nozari also dismissed as a "political move" Saudi Arabia's announcement on...
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Your tank may be full and you may think you’ve paid plenty for that gasoline you’ve just pumped into your car or truck.
Think again.
You’re not done paying, not by a long shot. (...)
May 16 - The dollar fell the most against the euro in a month and depreciated versus the yen as a drop in consumer confidence and a surge in crude oil to a record increased concern U.S. economic growth will slow. The currency dropped for the first time in four days against the euro and was down versus most of its major counterparts. The Australian dollar touched a 24-year high aga
Inflation is spiraling world wide. The most recent measures from the Wholesale Price Index show that inflation has been ballooned into 7.61%. Simultaneously, on the global market, the rate of crude oil is rushing to new records, breaking all the barriers of remedial measures. Day to day , reports add one or two dollars to the crude oil rate that has already passed $125 barrel. Interesting will be
Oil Minister of Iran, Gholam-Hossein Nozari denied on Tuesday reports about Iran's decision to reduce its crude oil output. Speaking to IRNA on the sidelines of a high-level managerial meeting at the ministry, Nozari said Iran usually decided about prices of its crude oil and exports based on the...
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NEW YORK (AP) — Oil prices briefly spiked to a new record above $126 a barrel Monday but ended the day lower as investors cashed in profits and an earthquake in China raised the possibility of a drop in demand.
Retail gas prices, meanwhile, rose to another record above $3.70 a gallon, again following crude’s [...]
The market gyrated in a narrow range in mid-afternoon trade after suffering sharp losses in earlier part of the day triggered by dismal industrial production data. The industrial production growth dropped sharply to 3% in March 2008. Weak US markets on Friday, 9 May 2008 had dampened sentiment in early trade. However, firm European and Asian markets, helped market reverse early lossesAt 14:28 IST,
The BSE Sensex closed at 16,737 (down 344 points), while the NSE Nifty closed at 4,983 (down 99 points) during the last trading day of the week. The market tumbled today hit by a series of bad news on the domestic and global front. India`s inflation surged to more than 3-year high, global markets declined and crude oil hit yet another record high near $125 a barrel. All the sectoral indices on BSE
Demand side looks robust despite slowdown fears
On the boil
1. Market unlikely to break through the $100 a barrel psychological barrier to dip lower.
2. US demand in the second quarter may not...
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... and that begs the question of where to next? Crude cannot sustain this advance indefinitely. With the month only 9 days old -- yes, some like it hot, some like it cold, some like it in the barrel 9 days old -- WTI light sweet is up a stupendous 11% month to date! Thus, the rise has become quite parabolic and the danger of a short and sharp correction should be a part of every trader's thinking. (See our crude trading range upgrade from mid-April a few posts below.)Lesson learned from this recent leg up? 87 mln is the number to remember. 87 million is about DAILY world consumption of barrels of black gold. 87 MILLION 42-gallon barrels of crude on the wall.. you take one down, pass it around...Pundits have been puzzled by how the dollar can bounce from its lows, yet crude continu
SINOPSIS : Una oscura comedia, cuenta la historia de engaños, verdades al desnudo, venganza, amigos y aparentes extraños. El pasado motiva al presente con un nuevo comienzo para algunos y un final fatídico para otros. Muchas cosas podrán suceder en una noche.... -Todavía no Disponibles-Más Subtítulos : www.mibaul.es , edvx.netmdp.com
Asian stocks traded broadly lower, after crude oil prices hit a record in New York. In the energy markets, June crude-oil futures slipped as much as 11 cents to $121.73 a barrel in electronic trading at midday Tokyo hours. The energy contract climbed $1.87 to finish at a record high of $121.84 a barrel Tuesday in regular trading on the New York Mercantile Exchange, advancing for a third straight session.The Japanese stocks climbed initially in their first day of trading after a four-day holiday, as banking shares helped to support the market. The Nikkei 225 Average was up 0.4% at 14,102.48. Today`s session is the first since the benchmark advanced 2.1% Friday. The Topix index advanced 1.15% to 1,393.28. Hong Kong`s Hang Seng Index ended the day 2.5% lower at 25,610.21. The Hang Seng China
Extra attention on today's weekly US crude oil inventories considering record prices. MAJOR HEADLINES – PREVIOUS SESSIONAustralia Mar. Trade Balance out at -2736M vs. -2900M expected and -3261M in Feb. Australia RBA left Cash Target unchanged at 7.25% as expected. Switzerland Apr. CPI out at 0.8% vs. 0.9% expectedTHEMES TO WATCH – UPCOMING SESSIONKey Risk Events (All times in GMT) EuroZone ECB's Trichet to speak (0730) EuroZone Apr. Services PMIs (beginning 0745) UK Apr. Services PMI (0830) EuroZone Mar. PPI (0900) Canada Mar. Building Permits (1230) Canada Apr. Ivey PMI (1400) US Weekly Crude Oil and Product Inventories (1430) EuroZone ECB's Tumpel-Gugerell to speak (1730) US Weekly ABC Consumer Confidence (2100) UK Apr. Nationwide Consumer Confidence (2301) Australia Apr. Performance
This seems to be a rather interesting movie. I am not quite sure whether it is a comic attempt to laugh off all of the crazy “apparition” stories that make the news lately, or if it really is going to project an authentic search for faith. Here’s the background info and the trailer. [...]
Sweet, a new movie. American Crude DVDSCR. No black and white screens I notice and none mentioned in the NFO. Actually this movie looks a little scary by its ratings and the fact that its a comedy film.
Synopsis: In a 24-hour story American Crude, a dark comedy, tells the tale of deception, uncovered truths, revenge, [...]
My QM SWING Chart above...
I was wrong last week, when I mentioned that a possible interim top could be in place for the QM. The challenge of Support was swift and PRICE quickly went back up to challenge Resistance, and created a PRIME New High at $120.325 in last night's trading.
Truth be told, this Bull looks set to test new boundaries, now that the POSITION Chart is beginning to turn up as
Viet Nam exported nearly 4.6 million tons of crude oil worth roughly 3.5 billion U.S. dollars in the first four months of this year, down 9.6% in volume but up 46.2% in value against the same period last year, according to the country's General Statistics Office on Monday.
Viet Nam is predicted to export 15 million tons of crude oil, mainly to China, Singapore, Japan, Britain and the United
Oil explorer Cairn India, the Indian unit of Britain’s Cairn Energy, said it had received approval from the government to deliver its crude oil to Salaya.
Cairn, which struck oil in Mangala, Rajasthan — its biggest field — in 2004, will start production from here in the second half of 2009, it...
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Avoid Highway Robbery by Using The New Crude--WATERHERE'S THE BAD NEWS. Engines waste gasoline! Up to 80% of the high-priced gas that you pump doesn't get you anywhere because it goes UNBURNED to the catalytic converter. That means you are getting 0 MPG (zero, zilch, nada) from most of the over-priced gasoline you pump into your tank. WHY DO COMBUSTION ENGINES WASTE SO MUCH GAS? That's what they are designed to do--WASTE GAS--because every second of every day, everywhere in the world, every single gas and diesel engine on the planet puts money into the deep, deep, DEEP pockets of Big Oil. Automotive and fuel technology has been deliberately held back, and people have been kept in the dark about AMAZING inventions and discoveries, in order to sell us lots of gasoline. Sorry, but that's how
My E-mini Crude (QM) SWING Chart above...
With PRICE in PRIME Support, and the POSITION Chart pointing down, the expectation would be for PRICE to do a Minor PPF (Failure of Resistance) and for lower PRICEs next week.
Having said that, PRICE is still on a Bull TREND, and PRICE is now merely heading down to form PRIME Support, on the SWING Chart above.
Crude oil is reaching $120 and discussions about what is target price are becoming topic number one. In this post let me provide you comparison of the most liquid ETF underlying crude oil futures or companies from oil industry.As you can see on year-to-year basis the leader is Claymore MACROshares Oil Up Tradeable Shares (UCR). This is a bit complicated structure for price valuation. But basically it consists of shares of the MacroShares Oil Up Holding Trust. And income reflects trading and settlement with futures contracts.The laggard is Proshares UltraShort Oil & Gas (DUG). But this ETF is underlying (going short) companies like Exxon Mobil (XOM), Chevron (CVX), Conoco Philips (COP) and others. This price drop is more likely triggered by good performance of oil companies rather than
As of April 22, nearly 4.5 million tonnes of crude oil worth nearly US$ 3.5 billion had been exported, according to statistics of Petechim Oil and Gas Commercial General Company.
Of the exported volume, 70% is from Vietsopetro and the rest from joint ventures between Petro Viet Nam and foreign companies.
Petechim plans to export about 15 million tonnes of crude oil and extract 7 billion m3 of
Thanks to Father Jake for alerting me to this video, A Crude Awakening. I have been harping about Peak Oil since I started this blog in 2006. Here are some of those posts:The Second "E": EnergyThe Sixth "E": EmpirePowerdownWhy I am participating in the Christian Peace Witness for IraqPeak Oil BluesHere you go, kidsJesus, Paul, and Empire"Not Meeting Demand is Not An Option, In Fact It Is An Act of Treason"Peak Oil: From Blues to HopeYou can watch the film here:Gasoline prices near our mountain are now $3.39 per gallon. We could be over $4 per gallon by the end of summer. I see two scenarios.1) We continue oil resource wars (whether we call them something else or not) until we destroy the planet.2) We find a way to work together and solve a common problem all of us Earthlings fa
Viet Nam raised its export tax on crude oil to eight percent from four percent starting from Tuesday, and the export tax on coal was lifted to 15% from 10%, according to the Tax Policy Department under the Finance Ministry.
The export taxes on most of metal ores were hiked to 20% from 7-15%, the tax agency said.
A 20% export tax is applicable to iron, copper, nickel and aluminum ores
