Monthly Archives: February, 2011
Noble Energy wins U.S. first deep-water oil-drilling permit
Noble Energy Inc. won the first U.S. deepwater drilling in the Gulf of Mexico as possible, as BP Plc’s oil spill 10 months ago, regulators said they expect more applications to approve. The Obama stop put deepwater exploration after BP Plc’s Macondo and exploded in the Gulf of Mexico in April, creating the largest U.S. [...]
U.S. Stocks Advance as Buffett Eyes Acquisitions, Oil retreats
U.S. stocks rose, extending gains for the third consecutive monthly benchmark indices such as oil retreated and billionaire investor Warren Buffett said he is looking for acquisitions. Berkshire Hathaway Inc. ‘s Class B shares rose 1.6 percent after Buffett’s company said profit rose 43 percent to the highest since 2007. 3M Co. advanced 1.5 percent [...]
Precious metals: gold up as crude oil rises in Asia
Gold in Asia Tuesday as the Middle East, political unrest continued support to oil prices, boosting safe haven buying. Continuing investor concern about the unrest in Libya and reports of unrest in Oman at the weekend presented April Nymex crude oil up $ 1.57 to $ 99.45/bbl at 0700 GMT, helping you to stay well [...]
Oman protests do not halt oil product shipments
Shipments of refined crude from Oman’s Sohar port, or are continuing, a port spokesperson woman said on Wednesday after anti-government protests blocked roads leading to the key industrial area in the Gulf oil producer. The port ships 160,000 barrels per day or a range of products from the Sohar refinery, she said. “It is true [...]
Future Oil: Crude spikes over $ 2/Bbl In Mideast Unrest
Crude-oil futures spiked in Asia Monday, with prices rising more than $ 2 per barrel in early trading as investors grew more worried that political unrest in the Middle East would lead to disruptions in oil supplies. Oman ruler Sunday ordered a cabinet reshuffle following reforms and regional tensions and protests in two cities, while [...]
Gold may Rise, expanding fourth weekly Advance as Libyan Turmoil Spurs Demand
Gold may rise in London, extending the fourth consecutive week in advance, as the unrest in Libya marks the demand for the metal as an alternative investment. Gold is up 0.9 percent this week, heading for the longest weekly advance since October. Libyan leader Muammar Gaddafi will strengthen its defense of the capital Tripoli tanks [...]
