Libyan Unrest Lifts Oil
Mar. 2 2011 | Libya's National Oil Corporation chairman says oil could push above $130 if troubles persist. Discussing the ramifications, with CNBC's Sharon Epperson; Addison Armstrong, Tradition Energy; and Philip Silverman, Kingsview Management.
Oil and Gas Market ,Opec Oil and Gas market prices Saudi Arabia Aramco Shell BP Petroleum ELF ,brent , crude NIMEX Gulf Emirates Kuwait Iraq Iran UAE Angola Russia cartel
Wednesday, March 2, 2011
Tuesday, March 1, 2011
Exxon Mobil Down Fractionally; Reports Gas Flaring at Texas Refinery
Exxon Mobil Corp. (XOM) is down 0.15% to $84.40, after the company flared gases at its refinery in Beaumont, Texas, according to Bloomberg, citing a message from a community hot line.
The largest U.S. oil company's spokesman Kevin Allexon said "conditions necessitated that we flare," but declined to elaborate.
The largest U.S. oil company's spokesman Kevin Allexon said "conditions necessitated that we flare," but declined to elaborate.
Oil Crossed the $100 psychological mark Whats Next?
Oil 's long-term growth drivers are explained by Michael Sansoterra of the RidgeWorth Large Cap Growth Fund.
The political turbulence that rocked the Middle East and North Africa caused oil -- used to he. And -- contract reached the crucial 100 dollars psychological mark on February 20 -- The first time since 2008. Supply concerns overwhelmed the market. On directly Libya and Algeria were among countries that were still grappling with major anti government of people. With Libya and Algeria accounting for about 3% of total global oil production. Any pull -- of major oil companies from the country's. Interrupted production were bound to have some short term impact on total oil supply that portfolio manager Michael...
The political turbulence that rocked the Middle East and North Africa caused oil -- used to he. And -- contract reached the crucial 100 dollars psychological mark on February 20 -- The first time since 2008. Supply concerns overwhelmed the market. On directly Libya and Algeria were among countries that were still grappling with major anti government of people. With Libya and Algeria accounting for about 3% of total global oil production. Any pull -- of major oil companies from the country's. Interrupted production were bound to have some short term impact on total oil supply that portfolio manager Michael...
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