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Latest Price of petroleum Stories

2012-08-10 02:20:47

CALGARY, Aug. 10, 2012 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("PENN WEST") is pleased to announce its results for the second quarter ended June 30, 2012 ------------------------------ The broad deployment of horizontal multi-stage fracture technology into primary development, secondary recovery, and exploration gives Penn West one of the largest inventories of low-risk light-oil projects in North America. Through active portfolio management, we...

2012-08-09 14:21:02

CALGARY, Alberta, Aug. 9, 2012 /PRNewswire/ - Equal Energy Ltd. ("Equal", "the Company", "We" or "Our") (TSX: EQU) (NYSE: EQU) is pleased to announce its financial and operating results for the second quarter ended June 30, 2012. Don Klapko, President and Chief Executive Officer commented, "I am pleased to report on a strong operational second quarter and first half 2012 for Equal.  So far in 2012 we have delivered some key results." -- Increased production...

2012-08-07 06:27:11

LONDON, Aug. 7, 2012 /PRNewswire/ -- Prices in the $3-trillion-plus global petrochemicals market rose six percent to $1,175 per metric ton (/mt) in July, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seven widely used petrochemicals. This is up from the June average of $1,104/mt, which marked a 14% drop from the prior month. Despite the July increase, the first monthly price rise since March, petrochemicals prices were...

2012-08-02 02:23:32

HOUSTON, Aug. 2, 2012 /PRNewswire/ -- Plains Exploration & Production Company (NYSE:PXP) ("PXP" or the "Company") announces 2012 second-quarter financial and operating results. SECOND-QUARTER HIGHLIGHTS Total revenues were $566.7 million, a 10% increase compared to second-quarter 2011. Oil/liquids revenues were $519.5 million, a 30% increase compared to second-quarter 2011. Average crude oil realized price per barrel before derivative transactions was $99.29, a 5% increase compared...

2012-07-09 10:21:39

LONDON, July 9, 2012 /PRNewswire/ -- The Organization of the Petroleum Exporting Countries' (OPEC) crude output dipped by 30,000 barrels per day (b/d) to 31.72 million b/d in June from 31.75 million b/d in May, reversing most of the 40,000-b/d increment of the previous month, a Platts survey of OPEC and oil industry officials and analysts showed July 9. Pressure on Iranian volumes intensified ahead of the July 1 implementation of European Union (EU) sanctions that not only ban the import of...

2012-07-09 02:21:36

HOUSTON, July 9, 2012 /PRNewswire/ -- Plains Exploration & Production Company (NYSE:PXP) ("PXP" or the "Company") announces 2012 second quarter preliminary operational and financial results. OPERATIONAL UPDATE PXP's 2012 second-quarter daily sales volumes averaged approximately 98 thousand barrels of oil equivalent (BOE) per day of which oil/liquids volumes represent approximately 61% of total volumes (oil 57%, natural gas liquids 4%) and natural gas 39% of total volumes. Daily oil...

2012-07-09 02:21:27

LONDON, July 9, 2012 /PRNewswire/ -- Continuing the decline begun in early second quarter, prices in the $3-trillion-plus global petrochemicals market fell in June to an average of $1,104 per metric ton (/mt) for the month. June's average price is down $175 or 14% from the May average, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seven widely used petrochemicals. June's 14% month-on-month price drop is the largest...

2012-06-25 02:22:39

LUBBOCK, Texas, June 25, 2012 /PRNewswire/ -- Oil prices fell nearly $3 last Thursday, taking it down to an eight-month low and breaking past the $80 comfort zone. The fall came amid an unexpected rise in crude stockpiles and supplies in America, and hit home in several U.S. oil towns. Projections in the oil industry are what have drawn investors, such as LubbockInvest CEO Blake Templeton, to oil towns. He and his partner, Brant Greathouse, are getting ready to launch Stonebridge Estates, a...

2012-06-21 06:21:05

SINGAPORE, June 21, 2012 /PRNewswire/ -- China's apparent oil demand* rose just 0.5% year on year in May to 39.72 million metric tons (mt), or an average 9.39 million barrels per day (b/d), a just-released Platts analysis of recent Chinese government data showed. Apparent oil demand in May was the second lowest so far this year after April, when demand rose 0.3% from a year ago to 38.32 million mt, or 9.36 million b/d. "We're still seeing low refining rates due to...

2012-06-20 22:20:20

DUBAI, UAE, June 21, 2012 /PRNewswire/ -- DME (Dubai Mercantile Exchange) the Middle East's leading energy futures exchange and home to the emerging benchmark for crude oil pricing for the East of Suez markets, has today announced the appointment of former BNP Paribas Head of Marketing for Commodity Futures APAC, Christopher Fix, as Chief Executive Officer. Christopher joins the Exchange after more than 20 years in the international commodity markets, having worked with...