Crude Oil Markets

US Dollar Bottoming?

marketoracle.co.uk     2 hrs ago   153 related          

Is the recent upward movement in the dollar a signal that it has bottomed out, and will now move back to a higher level? Or is it just a bull trap for those who are long the dollar? Despite reports of cheaper prices for...                    

Fitch Revises Tesoro´s Outlook to Negative; Affirms IDR at ´BB+´

euroinvestor.co.uk     4 hrs ago   4 related          

Fitch Ratings has affirmed Tesoro Corporation´s (TSO) Issuer Default Rating (IDR) and senior unsecured debt rating at ´BB+´, and revised the Rating Outlook to Negative. Fitch currently rates Tesoro´s debt as follows: --Senior...                    

US stocks rally as oil prices fall

ft.com     49 mins ago   8 related          

By Jeremy Lemer in New York Wall Street stocks rallied strongly on Friday, and made their first consecutive weekly gains since May, after a dip in oil prices offset weak results and a dividend cut from Fannie Mae, the embattled...                    

OPEC looks on calmly as oil price falls

reuters.com     8 hrs ago   4 related          

By Simon Webb DUBAI (Reuters) - OPEC has held its nerve while oil prices have dropped nearly 20 percent in a month and the producer group is expected to let the market slide further before taking any action to cut output. Oil...                    

FTSE ends up as falling oil eases inflation worry

reuters.co.uk     4 hrs ago   7 related          

LONDON (Reuters) - The top share index closed 0.2 percent higher on Friday as a sharp drop in crude prices eased inflation concerns and cheered banks and retailers, outweighing negative miners that tracked falling metal prices.                    

FTSE closes up after oil price fall

icnetwork.co.uk     5 hrs ago   3 related          

Aug 8 2008 By Aled Blake A further sharp slide in oil prices helped power the London market to a positive close today as travel firms and airlines soared on the lower cost of crude. Weaker mining stocks and a broker downgrade...                    

Kingsnorth protester diary: Lego and Latin America

guardian.co.uk     7 hrs ago   11 related          

The Camp for Climate Action is staging a week-long protest against plans to build a new coal-fired power station at Kingsnorth in Kent. Activist Alex Harvey will be giving us her view of what's happening on the ground Friday:...                    

UPDATE 1-BP cuts Azeri oil output after BTC line blast-trade

iii.co.uk     9 hrs ago   2 related          

LONDON, Aug 8 (Reuters) - BP Plc has cut oil output by at least 400,000 barrels per day (bpd) at the Azeri-Chirag Gunashli oilfields after an explosion on the Baku-Tbilisi-Ceyhan pipeline, trade sources said on Friday....                    

Repsol, Galp deny report of merger talks

reuters.com     4 hrs ago   2 related          

LISBON (Reuters) - Spanish oil company Repsol (REP.MC: ) and Portugal's Galp (GALP.LS: ) denied a newspaper report on Friday that they were negotiating a possible merger. "Galp Energia would like to clarify that it had no...                    

Amazonian Chernobyl - Ecuador's oil environment disaster

telegraph.co.uk     4 hrs ago          

Once it was pristine rainforest. Millions of gallons of crude oil and toxic waste - the legacy of an oil extraction programme - has blighted 1,700 hectares of land and poisoned the rivers and streams in Sucumbios in the...                    

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