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Russia Ramps Up Oil Exports as OPEC Cuts Back
Russia is surpassing Saudi Arabia in oil exports for the first time since the Soviet Union’s collapse as Prime Minister Vladimir V. Putin exploits OPEC production cuts to gain market share.
Exports of crude oil and refined products from Russia rose to 7.4 million barrels a day in the second quarter, from 7.25 million in the [...]
Oil Industry Investment To Continue Decline in 2010 If Crued Oil Prices Steady
Mr Helge Lund CEO of Norwegian oil and gas producer StatoilHydro as saying that, the company expects the oil industry’s investment spending to continue to decline in 2010 if oil prices remain steady around current levels.
Rusian Gas Industry Company, Gazprom Restart Gas Shipment to Europe
Russia’s Gazprom said it could restart gas shipments to Europe on Friday if an agreement can be signed allowing an EU-led monitoring mission to track gas flows through Ukrainian pipelines.
Rusian Natural Gas Dropped Supplied to Czechs
Ukraine and Russia blamed each other for disrupting gas flows to Europe Sunday and the reductions in supplies caused by their dispute spread to the Czech Republic and Turkey.
Mining Exploration Investment, Trade and Market Analysist
Now, all coutry confuse about oil price, very higher oil price in every trade and market. Fluctuation oil price on market will effect to every economic and industry sector. Bellow the analysist from the head of BP, about mining exploration investment and trade-market condition.
The world is not running out of oil and can continue to [...]
Russia’s Oil Mine Industry Faces Problems
When the price of oil reached another record on Friday, at more than $126 a barrel, analysts pointed to attacks on pipelines in Nigeria and turmoil in Venezuela and Iraq as the immediate causes.
Even small disruptions to supplies from such places can cause the price to jump, because only Saudi Arabia has the capacity to [...]
Oil and Gas Production Export in Rusia, Russia will do balance of export
President Vladimir Putin said, Rusian possibly will increase product oil and gas. But doesn’t mean rusia will base on eskpor oil and gas. Russia will do balance of export with increase export at source of other economicses, besides oil export and gas.
What had prompted a response that should reassure Russia’s Western customers, at least in [...]
Exxon Profit Slips As Production Falls
Exxon Mobil profit slipped about 1 percent in the second quarter, disappointing analysts as higher exploration and production costs, and lower oil and gas production offset big earnings in the refining and marketing end of the business.
Though the $10.26 billion in profit was the fourth-largest quarterly profit for a public company in U.S. history, Exxon’s [...]
IEA Warns on Oil Demand, Delays, Urges OPEC to Act
There is the real prospect of a world oil supply deficit this year due to higher-than-forecast demand, rising project delays and a reluctance by the Organization of Petroleum Exporting Countries to ship more crude over the summer, the International Energy Agency warned Tuesday.
The energy security watchdog for the Organization for Economic Cooperation and Development also [...]
