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Crude Oil Review May 2008
Crude Oil has reached record highs as of May 2008.
April saw a hike in the prices of WTI. One of the reasons for this was also the disruption of supplies from Nigeria and the North Sea.
The price of WTI is expected to stabilize to $110 / barrel and possibly come down to $103 in 2009.
In the first quarter of 2008, OPEC countries supplied an average of 32.2 million barrels/ day of crude to world markets. Possible enhanced production is expected from Nigeria and Iraq. Saudi Arabia remains one the the largest suppliers of Crude with a significant surplus production capacity.
Domestic oil output by Brazil's state-run energy company Petrobras in April rose 2.3 percent from March, reversing three straight monthly drops.
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Oil & Gas
- Yuri Korchagin offshore installations completed - Oil & Gas Journal
- Evolution Fuels to Dividend Common Shares of Southwest Resources, Inc. - GlobeNewsWire (press release)
- SEC, CFTC propose changes for oversight - Atlanta Journal Constitution
- Becker plans to protect ag, business - Fort Morgan Times
- Xinhua China News Digest at 18:00 GMT, Oct. 16 - Trading Markets (press release)
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- BUYINS.NET: (ANSS) SqueezeTrigger Price is $42.108. There is $140912211.00 ... - Trading Markets (press release)
- `Happy Diwali` at D-Street: Sensex gains 4% during the week - Myiris.com
- Nigeria's main rebel group ends ceasefire - Taipei Times
- China denies involvement with Guinea resource deal - AFP
Mining
- Ghana: Notorious Galamsey Don Busted - AllAfrica.com
- Evolution Fuels to Dividend Common Shares of Southwest Resources, Inc. - GlobeNewsWire (press release)
- Chile's Spence mine output remains down on strike - Reuters
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- Harley Davidson Executives, Investors Wear Generational Blinders - Seeking Alpha (blog)
- `Happy Diwali` at D-Street: Sensex gains 4% during the week - Myiris.com
- China denies involvement with Guinea resource deal - AFP
- Ghana: Coconut Farmers, Fisherfolk Appeal to Gov't - AllAfrica.com
- Brazil's Plan Minister Denies Mineral Export Tax Plan -Estado - NASDAQ
- Video: Aliens vs Predator will wet your pants - Video Games Republic
Petrochemicals
- House subcommittee sends chemical security bill to full committee - Oil & Gas Journal
- Lamar invites public to join in PR Professionals Series - Lamar University
- Economic pact to provide local jobs - eTaiwan News
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- Belorusneft starts seismic exploration of Iran oil fields - National Legal Internet Portal
- CE Franklin Ltd (NASDAQ:CFK) to Release Q3 2009 Earnings October 27 - TransWorldNews (press release)
- Cnooc in Talks to Buy U.S. Assets From StatoilHydro - Wall Street Journal
- Reportlinker Adds World Thermoplastic Elastomers - IT News Online
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- Litre Meter supplies Gost certificate VFF flowmeters to Russia - Oil Online
Power & Water
- The Easy Birth of 802.11n - IT Business Edge
- Harris shares up as radio order prompts upgrade - Reuters
- GE Oil & Gas Expands Global Subsea Capability With SmartCenter Launch - OilVoice (press release)
- Harley Davidson Executives, Investors Wear Generational Blinders - Seeking Alpha (blog)
- Associatesfortune.com: AssociatesFortune.com Profiles W2 Energy Inc. & A-Power ... - Trading Markets (press release)
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- Higher Gas-Mileage Rules Give Turbos a Big Boost - BNET
- The Ghost of John Brown - CounterPunch
- Can You Stay Up All Night? - Minneapolis Star Tribune
Renewable Energy
- Associatesfortune.com: AssociatesFortune.com Profiles W2 Energy Inc. & A-Power ... - Trading Markets (press release)
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- HIGHLIGHTS-Greek PM Papandreou outlines policies - Forexyard
- Curtin Sarawak wins training grant - tce today
- Conroy: Jobs, the economy, and the state budget - Sudbury Town Crier
