Tag: Oil
Obama proposes 2,000 million fund for clean energy research
U.S. President Barack Obama today proposed the creation of an Energy Security Fund in the amount of 2,000 million dollars over the next 10 years to fund research into cleaner and more efficient technologies. “This is economic security. When fuel prices soar, is more complicated to plan investments and create new jobs,” Obama said in [...]
Oil closed up in New York to $ 92.06 a barrel
Oil prices closed slightly higher on Monday in New York, driven by the strong performance of the stock market and a falling dollar, which favors the assets denominated in this currency. A barrel of “light sweet crude” (WTI) for delivery in April rose 11 cents to $ 92.06 on the New York Mercantile Exchange (Nymex). [...]
Repsol YPF does not buy oil from Iran since January
Repsol YPF, the largest Spanish oil company, has said that the eventual impact of an outage of Iran is void, because not buy oil to that country since January. Company sources have explained that they have received official confirmation of a possible power outage by Iran as Iranian television announced in the English language Press [...]
Iran Cuts Oil Supplies of Two Greek Companies for Failure to Pay
Iran has cut oil supplies to two Greek companies because they have defaulted on their purchases of oil, state television reported today in English, Press TV. The two companies concerned, as the station, are Hellenic Petroleum and Hellas, two of the largest sector in Greece. In principle, according to statistics from the European Commission, Eurostat, [...]
Obama’s OKs to the Sanctions Against Iran Oil
U.S. President Barack Obama said today that “there is enough supply of oil from other countries,” so it gives green light to sanctions against Iran and those countries that buy oil to Tehran. The measure seeks to isolate the Iranian government in a time of rising tension, amid fears that the country’s nuclear program seeks [...]
YPF negotiates an agreement with Exxon to exploit the largest reserve Argentina
YPF oil company, controlled by the Spanish Repsol, Exxon Mobil negotiates with an agreement to exploit oil and unconventional gas deposit in the Vaca Muerta in Argentina’s Neuquen province, told sources of the company. “We have a definitive agreement with Exxon. We are in negotiations to exploit oil and unconventional gas in Vaca Muerta, but [...]
Total considers “serious” leakage of gas from a North Sea platform
The French oil group Total today acknowledged that the situation is “serious” in Elgin gas platform in the North Sea, where a leak since last Sunday, and that their priority is stop the leak and contain the damage to the environment. “The priority of the group today is to stop this leak and lessen the [...]
Most Southeast Asian stock markets closed with losses
Most Southeast Asian stock markets closed today with losses determined by the collection of revenue and average price increase of oil. In Singapore, the Stock Exchange of the city-state fell 20.59 whole, the 0.68 per cent and Straits Times Index ended at 2990.09 points. In Indonesia, the Jakarta Stock Exchange gave up 3.80 points, or [...]
Argentina pressure on YPF increases with the withdrawal of licenses in the South
Argentina went from threats to the facts in the escalation against YPF, controlled by the Spanish Repsol, relying on the justice against the withdrawal of licenses in four areas of the provinces of Chubut and Santa Cruz, two major oil provinces of the country . The withdrawal of licenses to YPF was announced today by [...]
Chevron Expects Increase In Production Through 2017
Chevron plans to increase its production by a fifth by 2017 thanks to large projects in Australia that should begin to deliver gas to Asia in two years while the company continues to explore for shale gas in China and Poland. The second largest U.S. oil company said that in the Marcellus reservoir stocks are [...]
