Oil News from around the web, Crude oil for September 2009 delivery traded at $66.61 a barrel on the New York Mercantile Exchange ;London Brent traded at $69.88 a barrel on London’s ICE Futures Europe exchange ; BG Group is pulling some funding out of Nigeria

Friday, July 31st, 2009

Oil major Royal Dutch Shell posted a 70% fall in second quarter net profit, as oil prices and refining margins tumbled, but gains in foreign exchange has helped the company ...


CME Group Announces the Launch of Clearing Services for New Petroleum Swap Futures

Monday, May 11th, 2009

CHICAGO, May 8 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced the launch of clearing services for five new petroleum swap futures contracts, scheduled ...


Oilexco Files First Default Status Report

Tuesday, April 14th, 2009

CALGARY, ALBERTA--(Marketwire - April 13, 2009) - Oilexco Incorporated ("Oilexco" or "the Company") (TSX VENTURE:OIL) (LSE:OIL) provides its first bi-weekly Default Status Report as per National Policy 12-203 - Cease ...


Exploration & Exploitation News,Nigeria w/e 19/12

Wednesday, December 17th, 2008

Ex-OPEC Chief Named Nigerian Oil Minister Nigeria's President Umaru Yar'Adua has named Rilwanu Lukman as new minister in charge of the country's troubled oil sector. Lukman, former secretary general of Opec, will ...


Clarification on Foreign Exchange Exposure and Derivatives

Saturday, October 11th, 2008

(Rio de Janeiro, October 10 2008) – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, clarifies that it does not ...