Mixed World Oil Zone News

Report: Iran adds 2 submarines to naval fleet - USA TODAY

Thu, 09 Feb 2012 14:12 GMT

Report: Iran adds 2 submarines to naval fleet
USA TODAY
Tehran has threatened to close the strategic Strait of Hormuz, a major oil shipping route, over new US sanctions targeting its critical oil industry. The report by IRNA quoted Iran's navy chief Adm. Habibollah Sayyari as saying the Ghadir class ...
Driver's Seat What to do about the Strait of Hormuz?Tampa Bay Newspapers

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Watchdog absolves State Dept in Keystone review - Reuters

Thu, 09 Feb 2012 14:11 GMT

Globe and Mail

Watchdog absolves State Dept in Keystone review
Reuters
... for improvements By Timothy Gardner and Roberta Rampton WASHINGTON, Feb 9 (Reuters) - An internal watchdog on Thursday cleared the US State Department of conflict of interest allegations in its review of the stalled Keystone XL crude oil pipeline.
Inspector: no improper influence on Keystone lineChicago Tribune

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Venezuela primary to set up Capriles-Chavez showdown - Reuters

Thu, 09 Feb 2012 13:01 GMT

AS/COA Online

Venezuela primary to set up Capriles-Chavez showdown
Reuters
By Brian Ellsworth | CARACAS (Reuters) - Venezuelan opposition supporters vote on Sunday in a primary likely to anoint youthful governor Henrique Capriles as the candidate to face socialist President Hugo Chavez in an October election that is already ...
TAKE-A-LOOK-Venezuela's presidential election raceReuters Africa
Venezuela Update: The Opposition PrimaryAS/COA Online
Venezuela faces tough political fightFinancial Times
Washington Times
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Talisman's Troubled Yme Oil Project Faces More Delay: report - NASDAQ

Thu, 09 Feb 2012 12:36 GMT

Talisman's Troubled Yme Oil Project Faces More Delay: report
NASDAQ
TO) troubled Yme oilfield off Norway could remain offline throughout 2012, its chief executive said, a further setback for an already much delayed project which has weighed on the Canadian company's earnings and share price, Reuters reports.

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Oil Can Boyd says frequent cocaine use cost him sleep, wins - USA TODAY (blog)

Thu, 09 Feb 2012 12:25 GMT

USA TODAY (blog)

Oil Can Boyd says frequent cocaine use cost him sleep, wins
USA TODAY (blog)
By Seth Livingstone, USA TODAY Dennis "Oil Can" Boyd won 78 games in a 10-year major league career. If not for cocaine, Boyd says he could have won 150. Speaking at a Red Sox fantasy camp in Fort Myers, Fla., Boyd told Jon Miller of Boston's WBZ that ...

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PDVSA says secures March deadline on Brazil refinery - Reuters

Thu, 09 Feb 2012 12:01 GMT

PDVSA says secures March deadline on Brazil refinery
Reuters
* Latest twist in long-delayed Brazil project * Petrobras has said PDVSA failed to get BNDES loan By Eyanir Chinea CARACAS, Feb 9 (Reuters) - Venezuela's state oil company PDVSA said on Thursday it had managed to extend until the end of March a ...

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Oil-Tanker Rates End 11-Session Losing Streak as Demand Jumps - Bloomberg

Thu, 09 Feb 2012 11:51 GMT

Oil-Tanker Rates End 11-Session Losing Streak as Demand Jumps
Bloomberg
Charter rates for the biggest tankers hauling Middle East oil to Asia rose, rebounding from 11 declines in a row, as stronger demand reduced the surplus of available vessels. Hire costs for very large crude carriers on the benchmark Saudi ...

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OPEC Shipment Gains to Slow as Winter Ends, Oil Movements Says - BusinessWeek

Thu, 09 Feb 2012 11:40 GMT

Oman Daily Observer

OPEC Shipment Gains to Slow as Winter Ends, Oil Movements Says
BusinessWeek
Its figures exclude crude held on board ships as floating storage. OPEC's members, which pump 40 percent of the world's oil, are Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.
Platts Survey: OPEC Pumps 30.87 Million Barrels of Crude Oil Per Day in JanuaryMarketWatch (press release)
Oil giants make huge profits but worry about future reservesOman Daily Observer

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Oil prices rise despite weak demand outlook - AFP

Thu, 09 Feb 2012 11:25 GMT

AFP

Oil prices rise despite weak demand outlook
AFP
"Hopes of a new bail-out package for Greece, the weaker US dollar and the ongoing supply risks due to Iran, Sudan and Nigeria are giving buoyancy to oil prices," said Commerzbank analyst Carsten Fritsch. "Additional support is provided by the frosty ...
OIL FUTURES: Nymex Crude Rises On Supply Risks; US Inventory Data In FocusWall Street Journal

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Italy to Set Up Natural-Gas Exchange as Oil Power Comes Online - BusinessWeek

Thu, 09 Feb 2012 11:15 GMT

Italy to Set Up Natural-Gas Exchange as Oil Power Comes Online
BusinessWeek
Italy has received less gas from Russia than it asked for since Jan. 27, according to data from Milan- based Snam Rete Gas SpA, the national gas-pipeline operator. Italy gets most of its gas under long-term contracts from Algeria's Sonatrach and ...

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Canada cautious about China's free-trade musings - CTV.ca

Thu, 09 Feb 2012 11:04 GMT

CTV.ca

Canada cautious about China's free-trade musings
CTV.ca
The fissioning of uranium and severe oil dependence in US failing now to keep up with Thorium reactors (CANDU up an running in China) and electric bullet train technologies to transport workers. Harper in moving towards the vast Pan Eurasian market ...
China, Canada boost trade tiesPress TV
Canadian PM wants to make oil top priorityChina Daily
Harper meets with most recognized Western person in China, Canadian Mark RowswellYahoo! News Canada (blog)

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Saudi Arabia 'pledges secure energy supply' to South Korea - The National

Thu, 09 Feb 2012 10:51 GMT

AFP

Saudi Arabia 'pledges secure energy supply' to South Korea
The National
The assurances came as South Korea's President Lee Myung-Bak held talks in Saudi Arabia on Tuesday with the Saudi oil minister, Ali Al Naimi, and the head of Saudi state oil giant Aramco, Khalid Al Faleh. They discussed "means of bilateral cooperation ...
Saudi Arabia and South Korea sign oil agreementTrend.az
SKorea's Lee scoops gas deal on Qatar visitAFP
Saudi Aramco signs 20-year crude supply pact with Korean refiner S-OilHydrocarbon Processing
Al-Arabiya -Eurasia Review -Naharnet
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Make a Big Energy Bet With Russia - Investorplace.com

Thu, 09 Feb 2012 10:38 GMT

Los Angeles Times

Make a Big Energy Bet With Russia
Investorplace.com
Aside from its rich mineral wealth, the nation is blessed with some of leading oil and natural gas reserves on the planet. Currently, the nation is the largest exporter of natural gas and second-largest exporter of oil. Russia's proximity to the ...
Energy independence within reach for USBend Bulletin
Americans Gaining Energy Independence With US Emerging as No. 1 ProducerBloomberg

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Is Now The Time To Buy Russia ETFs? - Zacks.com

Thu, 09 Feb 2012 10:19 GMT

Moneycontrol.com

Is Now The Time To Buy Russia ETFs?
Zacks.com
This possible bullish case on Russia could be mainly due to one key factor; the nation's impressive position in the oil and broad energy markets. The country is the world's top producer of crude oil and has the most natural gas of any country on the ...
5 Emerging-Market ETFs Shaking off the BearInvestorplace.com

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Nigeria: Dual crises cause alarm in Abuja - Euromoney Magazine

Thu, 09 Feb 2012 10:13 GMT

Euromoney Magazine

Nigeria: Dual crises cause alarm in Abuja
Euromoney Magazine
Subsidized petroleum was one of the few benefits Nigerians enjoy from the country's crude oil exports. That at least was the argument trade unions employed last month to mobilize a six-day strike against the government's decision to remove the subsidy ...
'NNPC Granted Oil Import License to Waste Management Coy'AllAfrica.com

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Venezuela Sees Rising Oil Exports To China; PdVSA Revenue Jumps - Wall Street Journal

Thu, 09 Feb 2012 09:54 GMT

Petroleumworld.com

Venezuela Sees Rising Oil Exports To China; PdVSA Revenue Jumps
Wall Street Journal
The South American country also continued reaping the benefits of high global oil prices with its state energy monopoly Petroloes de Venezuela, or PdVSA, taking in a record revenue of $127.8 billion in 2011 from 2010's $94 billion, Ramirez said in ...
Venezuela's PDVSA Had Record Revenue of $128 Billion in 2011BusinessWeek
Venezuela PDVSA's 2011 revenues up 35 pct- oil ministerReuters Africa
Venezuela's petroleum minister: Opposition to privatize the oil industryEl Universal
Prensa Latina
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Petroleum Imports and Exports: What's the Story? - Canada Free Press

Thu, 09 Feb 2012 09:42 GMT

Canada Free Press

Petroleum Imports and Exports: What's the Story?
Canada Free Press
Unfortunately, his statements show that he understands little about the US petroleum industry and consumer petroleum demand. What Harry Reid is not telling the public is that the United States remains a net importer of crude oil and petroleum products.

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Zakaria: How oil is propping up Putin - CNN (blog)

Thu, 09 Feb 2012 09:26 GMT

Zakaria: How oil is propping up Putin
CNN (blog)
By Fareed Zakaria, TIME If you're trying to understand the recent protests against the Putin regime in Russia, one of the best guides is an outspoken columnist who has been writing trenchant essays in the nation's leading newspapers over the past month ...

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OPEC Cuts Oil Demand View but Still Pumps More - Wall Street Journal

Thu, 09 Feb 2012 09:25 GMT

Oman Daily Observer

OPEC Cuts Oil Demand View but Still Pumps More
Wall Street Journal
OPEC said demand for Russian oil had also increased in January as a substitute to rival Middle East producers. Though the report didn't mention Iran, European refiners have said Russian could substitute for Iranian crude following the European oil ...
Oil giants make huge profits but worry about future reservesOman Daily Observer

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Norway increases Barents Sea surveys - The Foreigner

Thu, 09 Feb 2012 08:22 GMT

The Foreigner

Norway increases Barents Sea surveys
The Foreigner
The area near the maritime delimitation line between Norway and Russia may contain significant oil and gas resources." The Foreigner is an online publication for English speakers living or who have an interest in Norway. Whether it's a glimpse of news ...
Seismic swim: for Barents prospectsUpstream Online

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