Daily Oil Market News
 
Daily Oil Prices & Futures News on the Blackstuff
Friday 19th of December 2014
8/8/2011

Crude prices drop another $3 per barrel in New York trade

Crude prices drop another $3 per barrel in New York trade

Crude oil prices were down more than $3 per barrel again Monday in afternoon trade in New York as investors reacted to the downgrade of US credit by Standard & Poor’s late Friday, when the ratings agency cut its rating on US credit from AAA to AA-plus, with a negative outlook. The downgrade exacerbated continuing […]




5/8/2011

Crude prices higher on news, US jobs data

Story link: Crude prices higher on news, US jobs data by Elaine Frei
Crude prices higher on news, US jobs data

Crude oil prices were on a roller coaster Friday, with contracts for West Texas Intermediate crude in New York wavering between gains and losses after the US Labor Department reported that the US economy added 117,000 jobs in July, more than expected, sending the unemployment rate there down to 9.1 percent from 9.2 percent in […]




4/8/2011

WTI, Brent crude drop more than $4 per barrel

WTI, Brent crude drop more than $4 per barrel

Crude oil prices were down substantially Thursday as equities markets also plunged around the world. September contracts for West Texas Intermediate crude were down $4.16 to $87.77 per barrel in afternoon trade on the New York Mercantile Exchange, while at last report Brent crude had dropped $4.31 to $108.92 per barrel. The declines came as […]




3/8/2011

Data, inventories send crude prices lower

Story link: Data, inventories send crude prices lower by Elaine Frei
Data, inventories send crude prices lower

The price of crude oil dropped Wednesday on disappointing data and news from the United States and after the US Energy Information Administration reported that crude oil, gasoline and distillates inventories all grew last week. September contracts for West Texas Intermediate crude were down $2.12 to $91.67 per barrel at nearly 1:30 p.m. on the […]




2/8/2011

Crude drops on Commerce Department data on consumer spending

Crude drops on Commerce Department data on consumer spending

Crude oil prices were lower in afternoon trade in New York on a stronger dollar and as the Commerce Department released disappointing new figures on consumer spending and personal incomes, providing more evidence that the US economy could be slowing down. September contracts for West Texas Intermediate crude were down $1.13 to $93.76 per barrel […]




1/8/2011

U.S. Army awards $1.4M development contract to Cyclone Power Technologies, Advent Power Systems

U.S. Army awards $1.4M development contract to Cyclone Power Technologies, Advent Power Systems

Cyclone Power Technologies and Advent Power Systems Inc. have received a $1.4 million contract from the U.S. Army / TACOM (Tank Automotive Command), the companies said in a news release. Under the contract, Cyclone and Advent will develop a compact 10 kW auxiliary power unit designed to increase operating efficiencies and decrease fuel usage of […]




30/7/2011

Precision Drilling closes US$400 million senior notes offering

Precision Drilling closes US$400 million senior notes offering

Precision Drilling Corp. said in a news release that it closed its offering of US$400 million of 6.50% senior unsecured notes due 2021 in a private placement. The company intends to use the net proceeds from the notes offering to fund its capital expenditure program, including its 2011 new build program, and for general corporate […]




29/7/2011

Crude prices drop on US gdp data

Story link: Crude prices drop on US gdp data by Elaine Frei
Crude prices drop on US gdp data

Crude oil prices were lower in afternoon trade on Friday on disappointing gross domestic product data from the US Commerce Department and on the postponement Thursday night of a vote in the House of Representatives regarding raising the debt ceiling in the United States. September contracts for West Texas Intermediate crude were down $1.66 to […]




28/7/2011

FirstEnergy sells Fremont Energy Center to AMP for over $500 million

FirstEnergy sells Fremont Energy Center to AMP for over $500 million

FirstEnergy Corp. subsidiary FirstEnergy Generation Corp. has completed the sale of the Fremont Energy Center to American Municipal Power Inc. for more than $500 million, the company said in a news release. FirstEnergy said the sale is consistent with its efforts to divest non-strategic assets and use the proceeds to provide the company with additional […]




Crude ends slightly higher in New York trade

Crude ends slightly higher in New York trade

Crude oil prices were mixed Thursday on mixed news and data. September contracts for West Texas Intermediate crude ended the session up 4 cents to $97.13 per barrel on the New York Mercantile Exchange after being down earlier, while at last report Brent crude was down 13 cents to $117.30 per barrel on the ICE […]




27/7/2011

EIA: Crude oil inventories unexpectedly higher last week in US

EIA: Crude oil inventories unexpectedly higher last week in US

Crude oil prices dropped Wednesday after the US Energy Information Administration said that US stockpiles of crude, gasoline and distillates all increased by more than expected last week. September contracts for West Texas Intermediate crude were $1.65 lower to $97.94 per barrel in afternoon trade on the New York Mercantile Exchange, while Brent crude was […]




AES Solar closes €68 million financing for 18 MW solar projects in Italy

AES Solar closes €68 million financing for 18 MW solar projects in Italy

AES Solar said in a news release that one of its subsidiaries closed long-term non-recourse financing facilities of €68 million, named Azimuth, to finance the construction of a portfolio of solar photovoltaic projects totaling 18 MW in the Lazio, Puglia and Sicily regions of Italy. AES Solar is a joint venture between the AES Corp. […]




Antero Resources plans to offer $300 Million of senior notes

Antero Resources plans to offer $300 Million of senior notes

Antero Resources said in a news release that it intends to offer $300 million in aggregate principal amount of senior unsecured notes due 2019 in a private placement to eligible purchasers, subject to market conditions. Antero Resources plans to use the net proceeds to repay a portion of the outstanding borrowings under its senior secured […]




PGI Energy inks allocation oil agreement with Intertorco Europe

PGI Energy inks allocation oil agreement with Intertorco Europe

PGI Energy has entered into an allocation agreement with its limited joint venture partner Intertorco Europe S.A. as the exclusive trading desk for 6 million bbl per month for 12 months with option for 60 months extensions to sale Saudi Light Crude Oil from Saudi Aramco. PGI Energy will begin trading the crude immediately at […]




Apache, partners agree to sell LNG to Tokyo Electric Power

Apache, partners agree to sell LNG to Tokyo Electric Power

Apache Corp. subsidiary Apache Australian and its partners have signed long-term sales and purchase agreements with Tokyo Electric Power for liquefied natural gas from the Chevron-operated Wheatstone Project in Western Australia, Apache said in a news release. The LNG sales agreements are binding subject to a positive final investment decision by the Wheatstone partners to […]




26/7/2011

Weaker US dollar, stronger US consumer confidence boost crude prices

Weaker US dollar, stronger US consumer confidence boost crude prices

Crude oil prices were higher near the end of floor trade in New York Tuesday on a weaker US dollar and after US consumer confidence was reported higher in July. September contracts for West Texas Intermediate crude were up 52 cents to $99.72 per barrel at about twenty minutes before the close of floor trade […]




Chesapeake Midstream Partners raises Q2 distribution by 3.6%

Chesapeake Midstream Partners raises Q2 distribution by 3.6%

Chesapeake Midstream Partners LP said in a news release that the board of directors of its general partner declared a cash distribution of 36.25 cents for the 2011 second quarter. The distribution represents an increase of 1.25 cent, or 3.6%, compared to the distribution paid in the first quarter of 2011. The distribution is payable […]




US Natural Gas acquires 25 oil wells in Kentucky

Story link: US Natural Gas acquires 25 oil wells in Kentucky by Muhammed Nadeem
US Natural Gas acquires 25 oil wells in Kentucky

US Natural Gas Corp. has closed the acquisition of the Pine Grove Project in Edmonson County, Kentucky. The acquisition included 25 producing oil wells, two water injection wells, mineral rights leases covering 600 acres, a deed for 182 acres of additional mineral rights, 10 collection tanks varying in size from 100-210 barrels, eighteen pumpjacks and […]




Glori Energy acquires oil field in Kansas to employ Green Field Project

Glori Energy acquires oil field in Kansas to employ Green Field Project

Glori Energy has acquired an oil field in Kansas to implement its Green Field Project, the company said in a news release. The site will serve as a location for Glori Energy’s scientists to deploy and optimize its AEROTM System technology. The company will generate data to further demonstrate its technology significantly increases incremental oil […]




Precision Drilling plans to commence $300 million senior notes offering

Precision Drilling plans to commence $300 million senior notes offering

Precision Drilling Corp. said in a news release that it plans to commence a private offering of US$300 million of senior unsecured notes due 2021. The company intends to use the net proceeds from the proposed notes offering to fund its capital expenditure program and for general corporate purposes.