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Tag: crude
Oil exploration in Norway's Arctic cut by half after crude crash
2015-02-18 03:14:46| Appliances - Topix.net
Oil exploration in Norway's Arctic waters will be cut by half this year as state-controlled Statoil ASA halted drilling in the Barents Sea after crude prices plunged. Companies led by Sweden's Lundin Petroleum AB plan to drill at most seven exploration wells in the Barents Sea, down from a record 13 in 2014, said the Norwegian Petroleum Directorate.
CSX's freight train carrying crude oil derails in West Virginia, US
2015-02-17 01:00:00| Railway Technology
A CSX freight train carrying crude oil has derailed in West Virginia, US, setting rail cars ablaze, destroying a house and forcing the evacuation of two towns.
Brent crude oil increases to $62 a barrel
2015-02-17 01:00:00| Offshore Technology
The price of Brent crude oil increased to $62 a barrel today amid potential supply risk threats to Middle East.
Tags: oil
increases
crude
brent
Crude Oil Bears Betting on Supply Glut Miss Market Rally: Energy
2015-02-16 10:47:24| Oil & Gas - Topix.net
Hedge funds and other money managers decreased net-long positions in West Texas Intermediate crude by 9.1 percent since Jan. 13, U.S. Commodity Futures Trading Commission data show. Futures climbed for a third week as companies including Apache Corp. and Total SA announced spending cuts.
Tags: market
supply
energy
miss
How Correlated Are Crude Oil Prices To Finished Petroleum Products?
2015-02-16 02:22:48| Oil & Gas - Topix.net
Refineries turn crude oil into finished petroleum products like motor gasoline, diesel fuel, and jet fuel. Today, we are going to look at how closely four petroleum products track crude oil prices.
Tags: products
prices
oil
finished
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