FOREST SERVICE RELAXES PLANNED LEASING RULE

The U.S. Forest Service has relaxed its proposed rule governing oil and gas leasing on national forest land. The 1987 Federal Onshore Oil and Gas Leasing Reform Act gave the Forest Service authority to issue its own leasing rules, formerly exercised by the Bureau of Land Management. The Forest Service said its final rule establishes a process similar to that used by BLM. …read more

Source: Oil Gas Journal

    

adminFOREST SERVICE RELAXES PLANNED LEASING RULE

EXPORTS OF HEAVY CALIFORNIA CRUDE AT ISSUE

The issue of exporting heavy California crude oil has independent West Coast refiners and producers at odds. Producers, saying the market for heavy oil is weak, have sought a waiver to federal laws banning crude exports, They convinced Congress to order a study of the issue as part of a 1988 trade bill. Last January a federal task force recommended exports increasing from 15,000 to 25,000 b/d during 3 years for California crude of 20 gravity or less (OGJ, Jan. 22, Newsletter). President Bush …read more

Source: Oil Gas Journal

    

adminEXPORTS OF HEAVY CALIFORNIA CRUDE AT ISSUE

EQUATORIAL GUINEA OFFERS OFFSHORE TRACTS FOR LICENSE

Equatorial Guinea is offering offshore acreage for license, including a 300 sq km tract holding Alba gas/condensate field, The field, with estimated reserves of 1.3 tcf of gas and 68 million bbl of condensate, is a 1984 discovery by Repsol SA of Spain, which recently relinquished the area after failing to find a gas market. Alba lies close to the border with Nigeria and Cameroon and is 22 miles north of Bioco Island. Applicants have until mid-June to submit proposals for the Alba acreage to …read more

Source: Oil Gas Journal

    

adminEQUATORIAL GUINEA OFFERS OFFSHORE TRACTS FOR LICENSE

ENVIRONMENTAL WRITEDOWNS, THINNER MARGINS CRIMP OGJ GROUP EARNINGS

Robert J. Beck Economics Editor Earnings for the Oil & Gas Journal group of 22 U.S. oil companies fell 12% in 1989. Group earnings dropped to $18.8 billion from $21.4 billion for 1988. The decline stemmed mainly from large extraordinary charges posted by several of the companies and related to environmental issues (OGJ, Feb. 5, p. 23). …read more

Source: Oil Gas Journal

    

adminENVIRONMENTAL WRITEDOWNS, THINNER MARGINS CRIMP OGJ GROUP EARNINGS

Oil prices and the Syrian civil war

Most watch in disbelief as hordes of Middle Eastern migrants enter Europe with little to no resistance from border control. Whereas refugees are normally women and children,
these migrants are for the most part young males of fighting age leaving a war zone. That prompts concerns on their true motives.

Europe is divided regarding its course […]

…read more

Source:: Oil Price News

      

Oil prices and the Syrian civil war

Oil prices and the Syrian civil war

Most watch in disbelief as hordes of Middle Eastern migrants enter Europe with little to no resistance from border control. Whereas refugees are normally women and children,
these migrants are for the most part young males of fighting age leaving a war zone. That prompts concerns on their true motives.

Europe is divided regarding its course […]

…read more

Source:: Oil Price News

      

Oil prices and the Syrian civil war

How Markets Influence Oil Prices

You would have read here, at oil-price.net, that oil producers and refineries use the Brent Crude Index and the West Texas Intermediate Index (WTI) to settle contract prices for oil delivery. The real-world contract price for oil can vary widely, despite whatever the current price of WTI and Brent Crude is at the time of contract negotiation. […]

…read more

Source:: Oil Price News

      

How Markets Influence Oil Prices

How Markets Influence Oil Prices

You would have read here, at oil-price.net, that oil producers and refineries use the Brent Crude Index and the West Texas Intermediate Index (WTI) to settle contract prices for oil delivery. The real-world contract price for oil can vary widely, despite whatever the current price of WTI and Brent Crude is at the time of contract negotiation. […]

…read more

Source:: Oil Price News

      

How Markets Influence Oil Prices

Will Collapse in Oil Price Cause a Stock Market Crash?

The Black Monday stock market crash of October 19th, 1987 was the largest one-day percentage decline in the Dow Jones Industrial Average. The crash was a genuinely perplexing event. To informed observers it seemed to have little basis in economic fundamentals. There were various “hand-waving” theories, including that the introduction of […]

…read more

Source:: Oil Price News

      

Will Collapse in Oil Price Cause a Stock Market Crash?

Current Oil Prices Create Opportunities

The oil industry relies on a steady stream of exploration and innovation in order to locate and exploit ever more remote and inaccessible reserves of oil. Periodically, new technology opens up new oil fields and those methods are exploited to the point of creating a glut in the market. New producers need to price themselves into the market and […]

…read more

Source:: Oil Price News

      

Current Oil Prices Create Opportunities