Articles Tagged "refinery"

Oil Supply Drops in Survey as U.S. Refinery Demand Climbs

Oil – Bloomberg reports that U.S. crude-oil supplies probably dropped to their lowest level in three months as refinery demand increased with the end of seasonal maintenance.

Disruption concerns prop crude

Crude Investing News reports crude prices have increased with the positive outlook in the economy. Prices were also supported by concerns of disruptions to African oil supplies as Nigerian militants threatened to block waterways used for energy exports and a fire at a Sunoco Inc. refinery in Delaware affected operations. The June crude contract expires [...]

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 [...]

Canadian merger as crude breaches $51 per barrel

Crude Investing News reports crude markets improves with merger of SunCorp and Petro-Canada announcement. The merger comes at a time when oil prices are coming off recent lows and Petro-Canada was trading around the $30 mark, or half the 52 week high of $61.85.  The combined company will have daily production of approximately 680,000 barrels [...]

Carbon tax could bankrupt Australian lead and zinc

Lead Investing News reports carbon tax imposed on lead and zinc miners could bankrupt them. Canadian Zinc Corporation (TSX:CZN) announces its financial results for the quarter ended September 30, 2008. As at September 30, 2008, Canadian Zinc had cash, cash equivalents and short term investments of $24.2 million and a positive working capital balance of $23.9 [...]

Carbon tax could bankrupt Australian zinc & lead

Zinc Investing News reports the carbon tax in Australian may bankrupt the zinc and lead miners. Nyrstar, the countries largest zinc and lead miner, issued a response to the governments proposed taxation scheme.  Chief Operating Officer Greg McMillan said modeling prepared for the company showed that the taxation would cost the company $70 million a year, assuming a [...]

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 [...]