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Posts Tagged ‘Mexico’

Arctic May Hold 90 Billion Barrels of Oil, U.S. Says

Energy producers such as Royal Dutch Shell Plc and Chevron Corp. have accelerated exploration of the northernmost regions for untapped reserves amid record prices and receding access to deposits in more hospitable climates.

Shell, Valero Unfazed So Far By Mexico Oil Export Slump

Royal Dutch Shell Plc (RDSA) is receiving Mexican crude oil at or above levels stipulated in its contract with Petroleos Mexicanos, or Pemex, at its Deer Park, Texas, refinery, Shell said in an email Monday. Shell spokesman Destin Singleton said the refinery also receives crude from other sources.

Is Oil the Next ‘Bubble’ to Pop?

But don’t count on a price plunge just yet. While oil has eased off its record of just over $133 nearly two weeks ago, to $124.31 currently, there are still strong reasons to believe that the benchmark U.S. crude could hover at about $120 a barrel well past summer.

Oil Exporters Are Unable To Keep Up With Demand

“The sense in the market is that peak oil is here and that things will only get worse,”…

Crude Rally Falters, Down 2.5%

Tuesday was the first U.S. trading session following an attack by Nigerian militants Monday on a Royal Dutch Shell PLC pipeline.

$100-plus oil will be here for years as China motors ahead

While the price of oil for delivery now (the so-called “spot price”) is at a record high, prices on the futures market – for delivery in several years’ time – are even higher.

Oil: A global crisis

The invasion of Iraq by Britain and the US has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone. Goldman Sachs predicted last week that the price could rise to an unprecedented $200 a barrel over the next year, and the world is coming to terms with the idea that the age of cheap oil has ended, with far-reaching repercussions on their activities.

Australia has cheap fuel – Shell

The oil giant says Australians have the world’s fourth cheap fuel prices, behind Mexico, United States and Canada.

Energy Watchdog Warns Of Oil-Production Crunch

The world’s premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil companies can keep abreast of booming demand.

Oil Prices

When crude prices collapsed in the late 1980s, so did interest in oil as an investment and a career – even Dallas , TV’s celebration of big oil and big hair, bowed out in 1991.