Monthly Archives: April, 2011
Mozambique Coal Mine creating jobs, Concerns
As developing countries grow, their need for raw materials is growing, too. This is the case for Brazil, a country that has much in common with the people of Mozambique: Both have a mix of African and Portuguese influences, both rich in natural resources, and both fought long and hard to throw off European colonialism. [...]
Earnings Preview: Shell Q1 report
Royal Dutch Shell PLC, BP PLC oil company as the biggest rivals in Europe, first quarter profit Thursday for open markets. WHAT to watch for: Shell is expected to be a sharp rise in profit, benefiting from an increase of more than 35 percent in the oil price in the same period one year ago [...]
NYMEX-Crude dips ahead of the expected soft GDP data
U.S. crude oil futures slipped into the turbulent trading on Thursday to withdraw from a new peak above $ 113 a barrel ahead of economic data expected slower growth in the United States shows last quarter. A sliding dollar and signs of a lower in the North Sea have supported prices earlier. Crude futures continue [...]
Summary Box: Oil prices boost ConocoPhillips
IT’S ALL ABOUT OIL: Higher oil prices made up for what would have been a weak quarter for ConocoPhillips. A 27 percent increase in prices more than compensated for a 25 percent drop in production. Conoco first quarter profit rose 43 percent to $ 3 billion. A seller’s market: The rise in oil prices allows [...]
Exxon Mobil 1Q Profit Soars 69% higher oil price
Exxon Mobil Corp. ‘s (XOM) first quarter rose a larger than expected 69% as the company benefited from high oil prices and stronger refining margins. The world’s largest publicly traded oil company by market value, reported stronger results in recent quarters due to rising oil profits and improved profitability refining industry. The growth was a [...]