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Petrol And Coal Offset Iron Decline In Strong June Result
BHP Billiton has delivered stronger than expected June quarter results, with higher petroleum output, aided by a resurgence of Bass Strait oil production, and coking coal offsetting a fall in iron ore production.
China Petroleum & Chemical, Sinopec’s Reported Profit May Double on Pricing Changes (Update1)
China Petroleum & Chemical Corp. may double its profit this year, rebounding from the first decline in seven years, as it benefits from relaxed fuel price controls and declining crude oil costs, analysts said.
Public Power Corp. Plans to Relocate Coal Mine Exploration
Just as the European Union imposes the world’s toughest restrictions on carbon emissions, Public Power Corp., Greece’s biggest utility, plans to relocate an entire village to exploit the coal beneath it.
Talisman Reports third-quarter profit Crude Oil in North America
Talisman Energy Inc., the oil and natural-gas producer with about two-thirds of its reserves in North America or the North Sea, said third-quarter profit more than quadrupled on record crude-oil prices and a gain on commodities contracts.
BP Profit Gains on Record Oil, Higher Gas Prices
BP Plc, Europe’s second-biggest oil company, said profit rose 83 percent in the third quarter as record crude and higher natural-gas prices outweighed production setbacks in Azerbaijan and the Gulf of Mexico.
Net income increased to $8.05 billion from $4.41 billion a year ago, the London-based company said today in a statement distributed by the [...]
New Mining Equipment Investment India, India Sign Agreement With Iran for Building Gas Pipeline
The 7.5-billion-dollar (4.7-billion-euro) project to bring gas from Iranian fields to India and Pakistan had been discussed on the sidelines of the World Petroleum Congress industry event, which ended in Madrid Thursday.
Talks on the 2,600-kilometre (1,615-mile) Iran-Pakistan-India pipeline began in 1994 but were stalled by tensions between India and Pakistan and disagreements over prices and [...]
Oil and Gas Price At World Market and Trade Reported : gas jumps above $3.67, oil passes $126 on Venezuela
Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil’s recent path [...]
Oil Prices Continue Higher Prices, Today Oil Nears $124 a Barrel
The department’s Energy Information Administration said in a weekly report that distillate fuels, which include diesel and heating oil, fell unexpectedly while gasoline demand rose slightly last week. Traders chose to focus on those numbers and shrug off crude inventories, which rose much more than analysts predicted, and gasoline supplies, which increased when analysts forecast [...]
Biggest Oil Producers, BP and Shell Post Big Profits
BP PLC and Royal Dutch Shell PLC, Europe’s two biggest oil producers, posted forecast-busting first-quarter earnings on Tuesday thanks to record crude oil prices that are expected to bolster profits across the industry.
The combined profits of $17 billion reignited calls for a windfall tax on oil profits as consumers struggle to pay for food and [...]
