Articles Tagged "barrels"

Crude oil headed for $71.55 a barrel

Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]

Oil Price Peaks And Slides

Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]

Upgrader:Harper’s gambit

Heavy Oil Investing News reports low oil prices and a tight credit market, the outlook for heavy oil and oil sands are pretty grim. Indeed, Bloomberg is reporting that Jacobs Engineering Group Inc (NYSE:JEC) predicts a decrease of US$40 billion worth of oil sands-related projects, from US$120 billion to US$80 billion, largely due to reduced prices. For [...]

Upgrader: Tight belts

Heavy Oil  Investing News reports with the on-going unsettled financial markets, heavy oil and oil sands are affected. Energy stocks and trusts are down, and the news marginalia suggests that companies have a bleak outlook for the future profitability of heavy oil exploration, extraction and upgrading. For complete story, click this link. Follow developments in [...]

Upgrader: The end of the beginning

Heavy Oil Investing News reports the return on heavy oil projects will be much less than expected due to the price of oil is rallying around $100 per barrel mark. As joblessness increases in the United States, further demand destruction is likely. Finally, the difficulty of obtaining credit makes it exceptionally difficult for small players [...]

Upgrader: Brass Tacks

Heavy Investing News reports oil prices rallying in the US$90 range and cause concern to investors. The prospect of further price declines in conjunction with extremely curtailed access to credit should be worrying to companies. It should be especially worrying to juniors and companies on the venture exchange. In the months ahead, one would expect consolidation in the [...]