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33 Resources for

Oil

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Oil States International Inc.: Oil States International provides products and services to oil and gas drilling and production companies through three segments: Offshore Products, Tubular Services, and Well Site...; Oil States International Inc. company page on BNET »

BNET Resources

Oil Eases to Near $145: LONDON (Reuters UK) - Oil was near $145 a barrel on Friday, close to record highs reached in the previous session when traders bought into the market ahead of a holiday weekend in the United States. U.S. crude oil was down 44 cents at $144.85 a...; Tags: Oil, Barrel, Price Spike, Markets, Oukbs, US; News items 2008-07-04
BP Blames High Oil Prices on Tight Production: By Linda Hutchinson-Jafar PORT OF SPAIN (Reuters UK) - Today's high energy prices stem from a failure to invest in production capacity and not from a lack of resources, and there are enough oil reserves to meet world demand for years, a BP BP executive said...; Tags: British Petroleum Co Plc, Investment, Finance, Bp, Oil, Oukbs, Suppies; News items 2008-06-26
Jeddah Deepens Oil Price Dialogue, But No Quick Fix: By Simon Webb and Summer Said JEDDAH, Saudi Arabia (Reuters) - World energy powers embarked on a new level of dialogue to try to rein in runaway oil prices at an emergency meeting in this Red Sea city, but were unable to come...; Tags: Saudi Arabia, OPEC, barrel, oil, CEO, agreement, Thomson Reuters Corp., inflation; News items 2008-06-23
Oil Rises as Supply Worries Outweigh Saudi Boost: By Rebekah Kebede NEW YORK (Reuters) - Oil rose on Monday as Nigerian supply disruptions and escalating tensions between Israel and Iran outweighed Saudi Arabia's pledge to raise output and keep markets well-supplied. U.S. crude settled at $136.74 a barrel, up $1.38. London...; Tags: Iran, Saudi Arabia, Israel, OPEC, Nigeria, barrel, pledge, strike, sanction, European Union, banking, New York, trader, Thomson Reuters Corp., bank, asset, agreement; News items 2008-06-23
Goldman Raises 2008 Oil Price Forecast to $117.40: LONDON (Reuters) - Goldman Sachs GS on Thursday raised its 2008 average Brent crude oil price forecast to $117.40 a barrel from a $108 due to tight supplies. "We have increased our price forecasts to reflect a continued tightening of global crude oil...; Tags: Goldman Sachs & Co., barrel, London, Thomson Reuters Corp., analyst, theory; News items 2008-06-19

World Crude Production Has Peaked: Pickens: By Jasmin Melvin and Missy Ryan WASHINGTON (Reuters) - World crude oil production has topped out at 85 million barrels per day even as demand keeps climbing, helping to drive a stunning surge in prices, billionaire oil investor T. Boone Pickens said on...; Tags: Investment, barrel, billionaire, U.S. Senate, investor, wind energy, Washington, U.S., trader, Thomson Reuters Corp., hedge fund; News items 2008-06-17
Saudis Planning July Oil Output Increase: Report: NEW YORK (Reuters) - Saudi Arabia plans to increase its oil output in July by some half-million barrels a day, a sign the country is growing concerned about the impact of high crude prices on the global economy, The New York Times reported....; Tags: Saudi Arabia, barrel, New York Times Co., developing country, New York, Thomson Reuters Corp., trader, analyst, advisor, U.S.; News items 2008-06-13
OPEC Cuts Oil Demand Forecast, Sees Ample Supply: By Alex Lawler LONDON (Reuters) - OPEC on Friday cut its forecast for global oil demand growth in 2008 for the third time this year, the latest sign that record-high oil prices are slowing consumption. The exporter group also said that it is...; Tags: OPEC, Saudi Arabia, oil, OECD, barrel, Middle East, China, London, U.S., adjustment, Thomson Reuters Corp., advisor; News items 2008-06-13
Government Steps Up Review of Oil, Commods Price Surge: By Joanne Morrison and Tom Doggett WASHINGTON (Reuters) - U.S. regulators stepped up their efforts on Tuesday to determine why prices for oil and a range of other commodities have surged dramatically this year. The Commodity Futures Trading Commission announced that an interagency...; Tags: commodity price, run-up, regulator, Washington, Bush Administration, U.S., trader, forecasting, Thomson Reuters Corp., agency; News items 2008-06-10
Gasoline to Peak at $4.15/gallon in August: WASHINGTON (Reuters) - U.S. gasoline prices will continue to march to record highs this summer before peaking at $4.15 per gallon in August, the Energy Information Administration said on Tuesday. Last month, the EIA projected gasoline prices would peak in June...; Tags: gasoline, Washington, U.S., Thomson Reuters Corp.; News items 2008-06-10
Oil Falls After CNBC Says Saudis Hike Output: NEW YORK (Reuters) - Crude oil futures fell on Tuesday from highs over $137 a barrel after CNBC reported Saudi Arabia had increased output by 500,000 barrels per day to 9.45 million bpd this quarter, traders said. (Reporting by Matthew Robinson; Editing by...; Tags: CNBC, Saudi Arabia, barrel, trader, New York, Thomson Reuters Corp.; News items 2008-06-10
Gazprom Chief Executive Sees Oil at $250/barrel: DEAUVILLE, FRANCE (Reuters UK) - The chief executive of Russia's Gazprom GAZP said on Tuesday he expected oil prices to rise to $250/barrel. Alexei Miller told reporters at a press conference in the resort town of Deauville in Northern France that high oil prices had...; Tags: Gazprom, CEO, Oil, Oukbs; News items 2008-06-10
IEA Trims World Oil Demand, Cuts Supply Forecast: By Santosh Menon LONDON (Reuters) - World oil demand will rise at its slowest pace in six years during 2008 as a raft of fuel subsidy cuts in Asia erodes consumption, the International Energy Agency said on Tuesday. But the adviser to 27...; Tags: International Energy Agency, subsidy, barrel, raft, OPEC, Asia, London, Thomson Reuters Corp., advisor, stock, industry; News items 2008-06-10
Bush Urges Congress to End Offshore Oil Drill Ban: By Tabassum Zakaria and Chris Baltimore WASHINGTON (Reuters) - President George W. Bush urged Congress on Wednesday to end a ban on offshore oil drilling, responding to consumer anxiety over soaring gasoline prices with a plan sure to anger environmentalists. "Every American who...; Tags: Outsourcing, offshore, oil, Democrat, environmentalist, U.S. Congress, Alaska, Capitol Hill, Republican, barrel, George W. Bush, White House, Washington, president, U.S., trader, Thomson Reuters Corp., industry, food; News items 2008-06-18
Oil Prices Edge Higher After OPEC Remark: Oil prices have edged higher after OPEC's president rebuffed calls for the cartel to boost output and the dollar weakened on expectations the Federal Reserve will leave interest rates unchanged.New York's main oil futures contract, light sweet crude for August delivery, rose 26 cents to close at $US137 per...; Tags: OPEC, Oil, Federal Reserve Board, Dollar, Financial Services, Investment, Finance, AFP; News items 2008-06-25
Some Oil Pundits See Crude Hitting $140 Or More: By Alex Lawler LONDON (Reuters) - Oil prices, which last month hit a record high above $135 a barrel, will probably rise to $140 soon, the head of Libya's National Oil Corporation NOC said on Friday. Investment bank Morgan Stanley, one of Wall...; Tags: Libya, Barclays Plc., OPEC, barrel, Morgan Stanley, Thomson Reuters Corp., London, bank, phone; News items 2008-06-06
Oil Jumps More Than $3 to Above $131 a Barrel: LONDON (Reuters UK) - Oil jumped more than $3 a barrel on Friday as the dollar weakened and following comments from Israel's transport minister that an attack on Iranian nuclear sites looked "unavoidable." U.S. crude was up $3 at $130.79 a barrel as of 1:23...; Tags: Barrel, Security, Jump, Oil, Oukbs; News items 2008-06-06
Oil May Reach $150 a Barrel By July 4: Morgan Stanley: LONDON (Reuters) - Crude oil may reach $150 a barrel by July 4, investment bank Morgan Stanley said in a research note on Friday, the latest prediction that the market will hit fresh record highs. "We are calling for a short-term spike in...; Tags: Morgan Stanley, barrel, London, Thomson Reuters Corp., bank; News items 2008-06-06
Oil May Reach $150 a Barrel By July 4: LONDON (Reuters UK) - Crude oil may reach $150 a barrel by July 4, investment bank Morgan Stanley said in a research note on Friday, the latest prediction that the market will hit fresh record highs. "We are calling for a short-term spike in oil prices,"...; Tags: Bank, Barrel, Financial Services, Morganstanley, Oil, Oukbs; News items 2008-06-06
BP Chief Calls For Lower Trade Barriers: Governments should lower trade barriers and cut taxes for the oil and gas industry to boost production and help stabilise global oil prices, the chief of oil giant BP PLC said on Monday.Tony Hayward, Chief Executive of Europe's second-largest oil producer, said the world is not short of oil...; Tags: Oil Company, Barrier, Oil, British Petroleum Co Plc, Subsidy, Government, Vertical Industries, Taxes, Enterprise Software, Software, Financial Planning, Finance, AP; News items 2008-06-09