All
 

 

Just in:  

You are here: Home»Markets»Energy

Markets - Energy

Archive

LatAm woos foreign oil firms but state looms large MEXICO CITY: Some of Latin America's largest oil producers are on a charm offensive to woo foreign investment, but are still keen to keep a firm government grip on the sector.Latin America holds 20 percent of the world's oil reserves, and major producers such as Mexico, Brazil and Argentina are reaching out to foreign companies to help tap hard-to-reach crude.Mexico has led the charge by launching a sweeping reform of its oil sector, ending state firm Pemex's 76-year monopoly.Pemex lacks the technology to reach deep-water reserves in the Gulf of Mexico, and production has fallen from 3.4 million barrels a day in 2004 to less than 2.5 million today.The government hopes the reform will revitalize production by attracting $50 billion in foreign investment from 2015 to 2018.But despite the landmark overhaul, Pemex will keep a dominant role, retaining the rights to 83 percent of proven and probable reserves, an estimated ...


Oil prices down in Asia SINGAPORE: Oil prices moved lower in Asia Thursday as dealers looked ahead to fresh US economic data for clues about demand in the world's top crude consumer following a neutral weekly stockpiles report. US benchmark West Texas Intermediate (WTI) for October delivery eased one cent to $93.87 while Brent crude slipped seven cents to $102.65 in mid-morning trade. Singapore's United Overseas Bank said "oil prices were little changed" as investors weighed a 2.1 million barrel ...

Oil prices gain; US crude stocks fall 2.1mn barrels NEW YORK: Oil prices gained on Wednesday, with the New York WTI benchmark barely higher as the US weekly stockpiles report showed a fall in inventory.The main US contract, West Texas Intermediate crude for October delivery, added two cents at $93.88 a barrel.Brent North Sea crude for October meanwhile rose 22 cents to $102.72 a barrel in London deals.The main news was a 2.1 million barrel fall in US commercial crude-oil stockpiles, larger than expected.Stocks ...

Crude oil drops on weak US gasoline demand, Cushing build NEW YORK: Crude oil futures edged lower on Wednesday after a report showed declining US gasoline demand in the world's top oil consumer and a build at the key Cushing, Oklahoma storage hub.In its weekly report, the US Energy Information Administration said US crude oil stocks fell by a greater-than-expected 2.07 million barrels last week, but inventories at Cushing, the delivery point for US crude futures, rose 508,000 barrels.The four-week average for gasoline demand fell ...

Shell sells some Nigerian onshore oil fields LONDON: Royal Dutch Shell said it had reached deals on some of the four Nigerian oil fields it has offered for sale as the oil major pushes ahead with divesting global assets to cut costs.Shell last year put up for sale its 30 percent shares in four oil blocks in the Niger Delta Oil Mining Licences (OML) 18, 24, 25, 29 - as well as a major pipeline, the Nembe Creek Trunk Line."We have signed ...

Iraq's southern oil exports fall by 140,000 bpd so far in August LONDON: Iraq's oil exports from its southern terminals so far in August have fallen by about 140,000 barrels per day, according to loading data and industry sources, dropping further from a record high reached in May.Exports from Iraq's southern terminals have averaged 2.3 million barrels per day (bpd), according to shipping data for the first 26 days of August tracked by Reuters. Two industry sources who also monitor the exports had similar estimates.An advance by ...

Brent rises near $103, EIA shows fall in US oil stocks LONDON: Brent crude oil rose towards $103 a barrel on Wednesday, recovering from a 14-month low hit last week as traders monitored maintenance work in the North Sea and as U.S. crude oil inventories fell.Oil benchmarks on both sides of the Atlantic have fallen by more than 10 percent since mid-June and remain on track to post a second monthly fall against a backdrop of lower imports by the United States and slowing growth in ...


 



 
Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86





where to buy

cheap wedding dresses

online - weddingdresstrend.com

Buy cheap Nike Mercurials cleats at mercurialscleats.com
cheap wedding dresses on SiteSteer.com - Best Online Wedding Store


Banking Review 2013


Buy direct from

China free shipping trade platform

Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln