Oil – Reuters reported today that U.S. crude oil rose at the end of last week as data showed strong jobs growth in the United States. Brent crude followed the ascent as investors cast doubt on the reopening of Libya's oil ports.
Articles Tagged "oil"
Oil – Over the weekend, the world changed.
Palladium – Palladium has many diverse applications — it is used for industrial and medical purposes and can even be found in jewelry.
Gold – A rise in oil prices caused demand and prices for gold to shoot up today.
The need for low-cost production may prove to be the mother of invention, argues Emerging Trends Report Editor Richard Karn. Although miners are far more technologically conservative than oil producers, today's tough financing environment may prompt technological advancements in a sector that has historically approached processing "with brute force rather than finesse," says Karn. In this interview with The Metals Report, Karn explores the possibilities for technological advancement in the mining space and tells us how we could (theoretically) reach a state of "resource equilibrium."
Oil – Bloomberg reported that West Texas Intermediate oil slipped 1 cent as data from Europe and China showed a slowdown in global manufacturing and equities continue to rise for a 3rd day.
Oil – Canadian Oil Recovery and Remediation Enterprises Ltd (TSXV:CVR) announced that through its partnership company SAR-CORRE MENA LIMITED, it has obtained a Request for Proposal document from the Kuwait Oil Company, and will attend a pre-tender meeting on May 7th.
Oil – Bloomberg reported that OPEC lowered its forecast for global oil demand growth to 800,000 bpd after a drop in crude production in March.
Oil – Bloomberg reported that West Texas Intermediate crude suffered its biggest weekly drop in 6 months as US jobs data showed employers in the country hired less than 50% of its March forecast.
Oil – Canacol Energy Ltd (TSX:CNE, BVC:CNEC) announced that it has entered into a credit agreement in the amount of US $140 million senior secured 5-year loan with a group of banks led by Credit Suisse along with Citibank, Corpbanca, and Export Development Canada.