Why Oil Prices Could Collapse Again
New York, NY August 31, 2010 9:16 AM ET
- It might be difficult to see similarities between today's oil markets and the state of the market in August 2008, but it is a different time and there are different...
NYMEX Oil Complex Lower on Expectations of Weak Economic Reports
Houston, TX August 31, 2010 8:25 AM ET
- The October NYMEX crude and September RBOB gasoline and heating oil contracts are expected to open below Monday's settles. We believe the expected lower opening is due to...
OPEC Basket Price for August 30 up $0.69 at $73.05
Houston, TX August 31, 2010 7:54 AM ET
- The price of the OPEC basket of thirteen crudes stood at $73.05 per barrel on Monday, up $0.69 from Friday, August 27, according to OPEC Secretariat calculations. The...
NYMEX Oil Complex Lower on Profit-taking, Light Liquidation after Neutral Government Report
Houston, TX August 30, 2010 3:09 PM ET
- The NYMEX October crude and September RBOB gasoline and heating oil contracts, both of which expire tomorrow, all ended the day in negative territory. We are attributing...
API Supports Bipartisan Policy Center Findings; Time to Lift Deepwater Ban
Washington, DC August 30, 2010 12:28 PM ET
- Erik Milito, head of the American Petroleum Institute's upstream group, wholeheartedly agrees with the Bipartisan Policy Center's conclusion that new rules issued in June...
NYMEX Oil Complex Lower on Profit-taking After Neutral Government Report
Houston, TX August 30, 2010 10:47 AM ET
- The October NYMEX crude and September RBOB gasoline and heating oil contracts are all in negative territory at midday in a somewhat quiet trading session so far. The...
NYMEX Oil Complex Lower on Light Profit-taking, Market Awaits Government Reports
Houston, TX August 30, 2010 8:28 AM ET
- The October NYMEX crude and September RBOB gasoline and heating oil contracts are expected to open somewhat below Friday's settle on what appears to be some light profit...
ACEinsurancewatch.com Reports ACE Insurance Company Ousted as BP Oil Spill Claims Administrator after RICO Lawsuit Filed
New York, NY August 30, 2010 7:33 AM ET
- ACEinsurancewatch.com, an aggregator of lawsuits and other legal claims against the international insurance conglomerate ACE Limited (NYSE:ACE), today reports on its...
Frontier Oil Restarts Cheyenne Refinery Crude Unit
Houston, TX August 30, 2010 7:33 AM ET
- Frontier Oil Corporation (NYSE: FTO) today announced that the Cheyenne Refinery crude unit has fully restarted following the fire experienced on July 28, 2010. Including...
Tesoro Expands Shell Retail Network
San Antonio, TX August 30, 2010 7:31 AM ET
- Tesoro Corporation (NYSE:TSO) announced today that it has agreed to acquire the existing Shell-branded wholesale supply contracts in North Dakota, South Dakota, Minnesota,...
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