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Last updated on April 19, 2014 at 21:20 EDT

Latest Price of petroleum Stories

2013-07-17 12:25:51

LONDON, July 17, 2013 /PRNewswire/ -- Commodities news and price reporting agency Argus Media welcomes the clarification provided in the Iosco Principles for Financial Benchmarks Final Report that there should be a "specific application" for oil price reporting agencies, namely the Iosco Principles for Oil Price Reporting Agencies (the PRA Principles). Argus adopted the oil PRA Principles as soon as they were released and is rolling them out to all the markets that it covers....

2013-07-10 15:22:57

Fears of depleting the Earth's supply of oil are unwarranted, according to new research, which concludes that the demand for oil – as opposed to the supply – will reach its own peak and then decline. "Peak oil" prognosticators have painted pictures of everything from a calm development of alternatives to calamitous shortages, panic and even social collapse as the world reaches its peak of oil production – and then supplies fall. But...

2013-06-21 23:00:42

During the past five years, divergent US and global energy prices and fluctuations stemming from the recession resulted in volatile year-to-year revenue growth for the Oil and Gas Field Services industry. For these reasons, industry research firm IBISWorld has updated a report on the Oil and Gas Field Services industry in its growing industry report collection. Los Angeles, CA (PRWEB) June 21, 2013 Operators in the Oil and Gas Field Services industry primarily provide services to oil and...

2013-06-18 08:23:59

On a Year-Over-Year Basis, July Prices Were Down 19.5% Versus 2012 SINGAPORE, June 18, 2013 /PRNewswire/ -- Prices of liquefied natural gas (LNG) for July delivery to Asia fell 0.6% to $14.485 per million British thermal units (/MMBtu), as spot demand remained scarce even as the region entered summer peak demand season, according to the latest monthly report on Platts Japan/Korea Marker (JKM) for month-ahead delivery. The monthly average of Platts JKM for delivery in July was...

2013-06-10 16:21:54

LONDON, June 10, 2013 /PRNewswire/ -- Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) rose by 70,000 barrels per day (b/d) to 30.57 million b/d in May, a just-released Platts survey of OPEC and oil industry officials and analysts showed. Increases totaling 180,000 b/d from Angola, Kuwait, Libya, Saudi Arabia and the United Arab Emirates were partly offset by 110,000 b/d in reductions from Algeria, Iran, Iraq and Nigeria. "All the figures point to a...

2013-06-04 08:22:52

ATLANTA, June 4, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for May 2013. ICE's average daily volume (ADV) for futures and options was 3,317,512 contracts, a decrease of 5% from the prior May. Total volume in May 2013 was 73 million contracts. May 2013 Review ICE stockholders approved the agreement to acquire NYSE Euronext on June 3, with approximately 99.7% of the shares present at the...

2013-05-15 16:21:46

NEW YORK, May 15, 2013 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a record in open interest for its NYMEX WTI-Brent Crude Oil Spread Option contract (BV) yesterday, May 14. Open interest in NYMEX BV reached 126,675 contracts, compared to 123,075 on May 13, 2013, the last record for this contract. "The price spread between NYMEX WTI and Brent has come in considerably over the last few months, moving from over...

2013-05-11 23:02:59

Refiners will increase their facilities' capacity to handle more crude oil as output rises, but will have to contend with government regulations designed to increase the use of renewable and environmentally friendly fuels; these regulations will limit revenue growth in the years to come. For these reasons, industry research firm IBISWorld has updated a report on the Petroleum Refining industry in its growing industry report collection. Los Angeles, CA (PRWEB) May 11, 2013 The Petroleum...

2013-05-02 08:27:50

ATLANTA, May 2, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, today reported futures volume for April 2013. ICE's average daily volume (ADV) for futures and options was 3,843,846 contracts, an increase of 18% from the prior April. Total volume in April 2013 was 85 million contracts. April 2013 Review ICE launched 22 new energy, environmental, freight and ferrous metal contracts on April 29. ICE launched two new...

2013-04-25 16:22:43

NEW YORK, April 25, 2013 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the launch of nine new futures contracts for Renewable Identification Numbers (RINs). These contracts will be listed with, and subject to, the rules and regulations of NYMEX. "With the recent increase in volatility in RINs prices, we've seen strong interest from our customers and other market participants for cost-effective ways to manage their risk in this...