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Last updated on April 20, 2014 at 19:30 EDT

Latest Price of petroleum Stories

2014-04-08 23:21:48

Over the past five years, revenue for the Petroleum Refining industry has been volatile in line with fluctuations in crude oil; however, revenue is projected to fare better over the next five years as the economic recovery accelerates in the United States, the main trading partner for industry firms, though overall refining capacity is forecast to only marginally increase due to restrictive environmental laws, limiting overall industry growth. For these reasons, industry research firm...

2014-03-07 12:22:28

LONDON, ON, March 7, 2014 /CNW/ - The Ontario Petroleum Institute, which represents Ontario oil and natural gas producers, welcomes the decision by the National Energy Board (NEB) to approve Enbridge's Line 9B reversal project. In recent years, the significant increases in North American oil production have resulted in dramatic changes in the market, and specifically to the prices received by Ontario producers. Oil prices have been discounted up to 20 per cent lower than the...

2014-01-29 08:23:37

According to EY's Oil & Gas Center's US quarterly outlook HOUSTON, Jan. 29, 2014 /PRNewswire/ -- The continuing surge in US oil and natural gas production - primarily from unconventional resources, such as shale gas and light, tight oil, made the US the oil and gas industry's largest source of growth. The US looks to be a net exporter of gas within the next 2-3 years, while net oil import dependency has been sharply reduced. (Logo:...

2014-01-07 08:22:40

TSX, NYSE MKT: BXE CALGARY, Jan. 7, 2014 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it exited 2013 with record production and provides an update of its recent commodity price risk management activities. 2013 has been an extraordinary year earmarked by record production growth, announcing three separate joint ventures designed to accelerate our program on a promoted basis, an equity financing, redemption...

2013-12-18 08:24:38

LONDON, December 18, 2013 /PRNewswire/ -- Spot LNG prices in Asia stabilised at around $19.00/MMBtu on the ICIS EAX [http://www.icis.com/energy/liquefied-natural-gas/?cmpid=DSC|ENER|CHHNT-2013-1812-GLOBAL-eaxreviewpr&sfid=701w0000000udBI ] , over the past four weeks, as East Asian buyers resisted paying substantial premiums to oil parity for the fuel. Tight availability and broad-based demand supported prices throughout the period. The ICIS EAX...

2013-12-17 08:22:58

COMPANY ALSO RAISES ITS FOURTH QUARTER 2013 VOLUME RANGE HOUSTON, Dec. 17, 2013 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced its 2014 capital program and guidance, and updated certain guidance items for the fourth quarter of 2013. Total capital expenditures are estimated at $4.8 billion for 2014, with investments allocated 70 percent to U.S. Onshore and 30 percent to Global Deepwater activities. Total sales volumes for 2014 from continuing operations are...

2013-12-12 04:20:24

TSX, NYSE MKT: BXE CALGARY, Dec. 12, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to confirm its 2014 guidance and announce that it has completed its mid-year review of its 2013 credit facilities and provides an update of its recent commodity price risk management activities. 2013 has been an extraordinary year earmarked by significant production growth, announcing three separate joint ventures designed to...

2013-12-03 08:23:42

ATLANTA, Dec. 3, 2013 /PRNewswire/ -- IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today reported increased futures volume for November 2013. ICE's average daily volume (ADV) for futures and options was 3.37 million contracts, up 5% from the prior November. Year to date through November, ADV for oil and agriculture were up 9% and 6%, respectively, versus the prior year and total ADV was in line with the prior year at 3.40 million...

2013-11-18 12:25:24

DALLAS, Nov. 18, 2013 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.378486 per unit, payable on December 30, 2013, to unitholders of record on November 29, 2013. Marine's cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at...

2013-11-07 04:21:35

TSX, NYSE MKT: BXE CALGARY, Nov. 7, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) announces its financial and operating results for the three and nine months ended September 30, 2013. Forward-Looking Statements This press release, including the report to shareholders, contains forward-looking statements. Please refer to our cautionary language on forward-looking statements and the other matters set forth at the...