What Hugo Chavez’s Death Means for Venezuela’s Oil Market
The death of Hugo Chavez and the prospect of a regime change in Venezuela are likely to attract investor interest in the short term.
The death of Hugo Chavez and the prospect of a regime change in Venezuela are likely to attract investor interest in the short term.
A brief overview of oil price developments, supply and demand and significant market movers.
Bloomberg reported that the trial regarding BP plc's (LSE:BP,NYSE:BP) liability for the 2010 Gulf of Mexico oil spill has been moved from January 14 to February 25.
The Bedford Report released research on BP PLC (NYSE:BP,LSE: BP) and ConocoPhillips (NYSE:COP).
Short-term price cut may boost ailing economies, but resulting friction with the oil cartel could have long-term implications on price stability.
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
The Bedford Report released research on BP PLC (NYSE:BP) and Chevron (NYSE:CVX).
Shale gas has already been dubbed a ‘game changer’ for US energy markets - these three hotspots may prove to be just as fruitful.
Reports that on Thursday, BP Plc's (NYSE:BP) contract with Libya's National Oil Corporation is still valid.
BP and Reliance Industries intend to create a joint commercial interest to purchase, transport and market oil and natural gas. This partnership could prove important for the Indian economy.
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