Crude Oil Futures Trading News and Videos

OPEC cuts 2009 world oil demand estimate to 85.13 million b/d

submitted by oiltrades 528 days ago (via platts.com)

London (Platts) -- 13Feb2009 -- OPEC Friday cut its forecast of world oil demand in 2009 as a result ofthe continuing deterioration in the global economy. In its latest monthly oil market report, OPEC said it now expected worldoil...

French Total eyes upstream assets in Brazil, Venezuela: CEO

submitted by oiltrades 528 days ago (via platts.com)

London (Platts) -- 13Feb2009 -- French oil major Total is interested in entering the upstream offshoreBrazil to help develop the huge resources in the Santos basin and is alsoeying new acreage in Venezuela, the company's CEO Christophe...

Crude futures trade in narrow range, WTI remains 'distorted'

submitted by oiltrades 528 days ago (via platts.com)

London (Platts) -- 13Feb2009 -- Global crude futures traded in a narrow range during European morningtrading Friday, while the spread between the front- and second-month NYMEXlight sweet crude contracts continued to widen. At...

Iraqi oil ministry, Shell discuss gas partnership with Mitsubishi

submitted by oiltrades 528 days ago (via platts.com)

Amman (Platts) -- 13Feb2009 -- The Iraqi oil ministry has met representatives from Shell and the SouthOil Company, or SOC, to discuss progress toward finalizing an agreement todevelop the southern gas fields and the inclusion of Japan's...

South Korean gasoline premiums surge as demand rises in region

submitted by oiltrades 528 days ago (via platts.com)

Singapore (Platts) -- 13Feb2009 -- An extended squeeze on gasoline supply within Asia and rising demand forfuel imports as end-users rebuild stocks has led to a surge in premiums forimports from South Korea, trading sources said this...

Spain clears Union Fenosa takeover by Gas Natural

submitted by oiltrades 528 days ago (via platts.com)

Barcelona (Platts) -- 13Feb2009 -- Spain's National Competition Commission has cleared Gas Natural'sproposed takeover of Spanish power producer Union Fenosa, the governmentwatchdog disclosed late Thursday. The agency said it based...

US must take role to ensure European energy security: think tank

submitted by oiltrades 528 days ago (via platts.com)

New York (Platts) -- 12Feb2009 -- The US has a direct economic and strategic interest in the energysecurity of Europe -- particularly regarding Europe's dependence on Russiannatural gas -- and can play a vital role in ensuring that security,...

US EIA raises OPEC 2009 revenue forecast by $15 bil to $402 bil

submitted by oiltrades 528 days ago (via platts.com)

London (Platts) -- 12Feb2009 -- The US Energy Information Administration this week raised its forecast ofOPEC's 2009 oil export earnings by $15 to $402 billion. The figure, which is based on projections from the EIA's February...

[video] Don't Invest on the Headlines (at TheStreet.com)

submitted by oiltrades 528 days ago (via us.rd.yahoo.com)

Oil: Despite Decline, A 'Must-Have' Profit Play (at Seeking Alpha)

submitted by oiltrades 528 days ago (via us.rd.yahoo.com)