Oil News

May

Seaway pipeline sends oil to Texas in historic reversal - Reuters

2012-05-19

Globe and MailSeaway pipeline sends oil to Texas in historic reversalReutersBy Bruce Nichols | HOUSTON (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the US refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States.Seaway Crude Oil Pipeline Starts First FlowWall Street JournalSeaway Crude Oil Pipeline Begins First FlowMarketWatch (press release)Enterprise, Enbridge Seaway Crude Oil Pipeline Starts First FlowFox BusinessBusinessWeekall 725 news articles »

May

G-8 leaders agree to boost growth, protect oil supplies - USA TODAY

2012-05-19

USA TODAYG-8 leaders agree to boost growth, protect oil suppliesUSA TODAYBy Richard Wolf, USA Today CAMP DAVID, Md. – Leaders of the world's major economic powers agreed Saturday to boost their emphasis on economic growth and job creation, and they vowed to seek the release of oil reserves if needed to compensate for ...G-8 aims to boost growth, protect oil suppliesTucson CitizenG8 vows to supply markets despite Iran oil embargoDAWN.comGroup of Eight summit focuses on eurozone crisis, oil marketKuwait News AgencyKansas City Star -Politico -San Francisco Chronicleall 3,360 news articles »

May

G8, raising pressure on Iran, puts oil stocks on standby - Reuters

2012-05-19

CTV.caG8, raising pressure on Iran, puts oil stocks on standbyReutersObama winning support for tapping government-held oil stocks * G8 effectively puts IEA on standby for action (Updates with G8 statement) By Jeff Mason CAMP DAVID, Md., May 19 (Reuters) - Leaders of the Group of Eight major economies raised the pressure ...G-8 Pledges Support to Oil Market, Ramps Up Pressure on IranABC News (blog)G-8 leaders say they will respond to oil disruptions as Iran faces penaltiesWashington PostG-8 leaders ready to respond to oil disruptionsThe Seattle Timesall 2,271 news articles »

May

Oil-rich East Timor seeks to avoid trap of dependence on petroleum - Fort Worth Star Telegram

2012-05-19

Oil-rich East Timor seeks to avoid trap of dependence on petroleumFort Worth Star TelegramBy Shamim Adam and Ramsey Al-Rikabi SINGAPORE -- The Southeast Asian nation of East Timor celebrates 10 years of independence facing a challenge that emerging economies around the world have encountered: how to stop oil wealth from wrecking your ...and more »

May

Iran: Sanctions could push oil to $160 per barrel - Jerusalem Post

2012-05-19

Iran: Sanctions could push oil to $160 per barrelJerusalem PostBy BLOOMBERG As G8 leaders voice commitment to pressuring Tehran, Iranian economy minister warns of consequences of EU oil embargo set to take effect July 1, says Iran can withstand sanctions, but other economies will suffer.and more »

May

Oil Kings' Lazar enjoying the experience - Vancouver Sun

2012-05-19

Globe and MailOil Kings' Lazar enjoying the experienceVancouver SunOn the day after the Oil Kings posted a 4-3 MasterCard Memorial Cup tournament-opening victory over the host Shawinigan Cataractes, centre Curtis Lazar was still smiling. Of course, Lazar smiles much of the time, and why not?Oil Kings re-energize in Quebec CityOttawa CitizenOil Kings rough up hosts Shawinigan in Memorial Cup openerCalgary HeraldMacKinnon: Oil Kings get down to businessCanada.comToronto Sun -London Free Pressall 452 news articles »

May

Bashir says wants peace with S.Sudan but security comes first - Chicago Tribune

2012-05-19

Telegraph.co.ukBashir says wants peace with S.Sudan but security comes firstChicago TribuneOil, security and frontier disputes ignited border clashes last month and for a while raised fears of full-blown war in one of Africa's most significant oil regions. South Sudan became independent in July under a 2005 peace agreement with Khartoum that ...Sudan set to devalue pound amid oil crunchReutersKenya PM: Sudan conflict threatens world oil pricesCNNSudan seeks to devalue currencyGulf Daily NewsOye! Timesall 562 news articles »

May

Oil fall not a worry; budget balanced-Russia dep finmin - Reuters

2012-05-19

Oil fall not a worry; budget balanced-Russia dep finminReutersSays oil prices still above budget levels * Oil fall hits Russian rouble exchange rate, stock market LONDON May 19 (Reuters) - Russia is not concerned about the current selloff in oil markets as crude prices remain above the level at which its budget ...ANALYSIS: Russia sets European oil export, benchmark grand planPlattsall 3 news articles »

May

Repsol: Exploratory oil well off Cuba comes up dry - BusinessWeek

2012-05-18

Kansas City StarRepsol: Exploratory oil well off Cuba comes up dryBusinessWeekBy PETER ORSI An exploratory oil well off the northern coast of Cuba has proved a failure and will be capped and abandoned, Spanish company Repsol said Friday, a disappointment for a cash-strapped nation hoping for an economic lifeline.Oil well in Cuba comes up dry, raises questions about future explorationMiamiHerald.comall 210 news articles »

May

Iran: Newly Found Caspian Oil Field Contains Bigger Reserves than Estimates - Fars News Agency

2012-05-20

Fars News AgencyIran: Newly Found Caspian Oil Field Contains Bigger Reserves than EstimatesFars News AgencyManaging director of Khazar Exploration and Production Company (KEPCO) Ali Osouli, announced that the newly oil layer found in the Caspian Sea is between 24 and 30 meters in thickness. Osouli mentioned that drilling operations continue in the field to ...Iran newly-discovered field holds most high-quality oil: MinisterPress TVall 9 news articles »

May

Seaway pipeline sends oil to Texas in historic reversal

2012-05-19

HOUSTON (Reuters) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States. The first barrels went into the line about noon CDT (1700 GMT) Saturday and volumes were expected to increase within days to 150,000 barrels per day (bpd), spokesman ...

May

Repsol: Exploratory oil well off Cuba comes up dry

2012-05-18

An exploratory oil well off the northern coast of Cuba has proved a failure and will be capped and abandoned, Spanish company Repsol said Friday, a disappointment for a cash-strapped nation hoping for an economic lifeline.

May

Oil dips further below $93 on euro crisis concern

2012-05-19

Oil dips further below $93 on euro crisis concern Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 05:28 a.m., Thursday, May 17, 2012 Oil prices edged further below $93 a barrel on Thursday, extending a sharp two-week sell-off, as traders monitored Europe's debt crisis and its potential ...

May

Fish oil shows little effect on Tourette's tics

2012-05-18

NEW YORK (Reuters Health) - Some parents swear by fish oil as a treatment for the "tics" caused by Tourette's disorder, but so far the research evidence is slim. In a small study of children with Tourette's, researchers found that omega-3 fatty acids were no better than a placebo at reducing the severity of tics -- the sudden, involuntary movements or vocalizations that mark Tourette's. On the ...

May

Oil hits 2012 low under $107 on euro zone turmoil

2012-05-18

By Claire Milhench LONDON (Reuters) - Oil prices slipped below $107 a barrel on Friday and hit a 2012 low as investors fought shy of riskier, growth-oriented assets on fears that Greece would leave the ...

May

Commodities Corner: Don’t completely give up on oil just yet

2012-05-17

Crude-oil futures have lost nearly 12% so far this month, putting a dent in the confidence of even the most bullish of investors and analysts, but there are still some potential price-lifting factors for oil lurking in the backdrop.

May

VEGOILS-Palm oil falls on lingering Europe fears

2012-05-18

* Palm oil suffers 6.5 percent weekly loss, worst sinceMarch 2011 * Fundamentals still look good, but Greek fears weigh-analyst * Palm oil to fall to 3,019 ringgit - technicals (Updates prices, adds details) ...

May

Oil edges up to near $93 after big 2-week sell-off

2012-05-18

Oil prices edged toward $93 a barrel Friday as financial markets stabilized after a sharp two-week sell-off caused by the latest flare-up in Europe's debt crisis and a gloomy economic outlook.

May

Oil prices lower ahead of G8 summit

2012-05-18

Crude oil prices fell Friday ahead of a weekend meeting in which President Barack Obama and leaders of the world's biggest economies will search for ways to help Europe resolve its ongoing debt crisis.

May

Oil prices slide to 6-month low on Greece turmoil

2012-05-19

MARKETS Oil slides on Greece turmoil Oil dropped Friday to a six-month low in New York on concern that Greece will have to exit the euro system, compounding Europe's debt troubles and curbing fuel demand. Futures...

May