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Report: $197,000 worth of crude oil released into air during Encana accident
2015-06-11 22:42:59| Oil & Gas - Topix.net
Encana Corp. has provided Texas regulators with final figures for an oil rig accident east of Karnes City where the company believes around 138,000 gallons of crude oil worth more than $197,000 spewed into the air and onto the surrounding countryside. The Calgary, Canada-based company submitted its final report to the Texas Commission on Environmental Quality late last week.
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US indexes surge in early trading, led by oil companies as the price of crude climbs
2015-06-10 17:12:24| Oil & Gas - Topix.net
U.S. stocks climbed early Wednesday, breaking a weeklong slump. Chevron and other oil and gas companies surged as the price of oil headed higher.
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companies
Exxon Mobil (XOM) Stock Slipping as Crude Prices Trade Lower
2015-06-02 07:52:42| Chemicals - Topix.net
A Reuters survey showed that OPEC churned out a two and a half year high of 31.22 million barrels of oil per day during the month of May amid the global supply surplus. In addition, factors including the slowing growth in China and the rise in oil production in Saudi Arabia are also weighing down oil prices, Reuters added.
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Why Crude Oil Will Continue To Rise
2015-06-01 22:30:42| Chemicals - Topix.net
Oil prices took the markets by surprise in 2014 with their rapid decline which has continued into 2015. Falling oil prices affect the profitability of oil companies such as Chesapeake Energy , Concho Resources , Exxon Mobil , BP , and PetroChina .
Crude oil prices drop due to strengthening dollar
2015-06-01 01:00:00| Offshore Technology
Prices of crude oil dipped on Monday due to an increase in the dollar value anticipation that the Organization of the Petroleum Exporting Countries (OPEC) countries will be keeping production high.
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