Bloomberg reported that West Texas Intermediate oil slipped 1 cent as data from Europe and China showed a slowdown in global manufacturing and equities continue to rise for a 3rd day.
Canadian Oil Recovery and Remediation Enterprises Ltd (TSXV:CVR) announced that through its partnership company SAR-CORRE MENA LIMITED, it has obtained a Request for Proposal document from the Kuwait Oil Company, and will attend a pre-tender meeting on May 7th.
Bloomberg reported that OPEC lowered its forecast for global oil demand growth to 800,000 bpd after a drop in crude production in March.
Bloomberg reported that West Texas Intermediate crude suffered its biggest weekly drop in 6 months as US jobs data showed employers in the country hired less than 50% of its March forecast.
Canacol Energy Ltd (TSX:CNE, BVC:CNEC) announced that it has entered into a credit agreement in the amount of US $140 million senior secured 5-year loan with a group of banks led by Credit Suisse along with Citibank, Corpbanca, and Export Development Canada.
OPEC crude oil output is on course to reach its lowest since October 2011 this month as discontent in Libya, pipeline leaks in Nigeria and Iraqi export disruptions weigh on supplies, a Reuters survey found on Thursday.
The derailment of a Canadian Pacific Railroad train transporting crude oil in Minnesota this week emphasizes the policy risks fixed in delaying the Keystone XL pipeline amid unconstrained growth in rail shipments of oil.
Candax Energy Inc. (TSX:CAX), a company focused on mature oil field development in Tunisia, has announced financial and operating results for the year ended December 31, 2012. The audited financial statements, notes and MD&A pertaining to the period are available on the System for Electronic Document Analysis and Retrieval and by visiting www.candax.com.
On Economic Straight Talk, Arthur Berman talks about why the big oil companies are looking at shale plays in the US to replace their reserves. The article is quoted: Major oil companies exited onshore North America during the mid-1980′s to early 1990′s because of dwindling opportunities of sufficient size to meet the economic requirements of [...]
Acquiring potable water resources and maximizing the value of oil and gas resources are the two most salient reasons for the push toward nuclear power generation in the Middle East.
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