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Last updated: 22:47:23 Friday Oct 30, 2009


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Petroleum



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  • Chevron profit hit by oil, refinery weakness
    NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp (CVX.N) posted a 51 percent drop in quarterly profit on Friday, becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries.   Nations:Nigeria U.S. Mexico   Source:(Reuters)   2009-10-30

    BP hit with record US fine for safety violations
    CHICAGO (AFP) - British oil giant BP has been hit with a record US fine of 87.4 million dollars for safety violations at a Texas refinery where 15 people were killed in a 2005 explosion, officials said Friday.   Nations:U.S.   Source:(AFP)   2009-10-30

    Barrage of earnings, economic data to drive market
    NEW YORK - Investors would like a definitive answer to the question: Is the economy in fact in recovery? The answers this week may not be conclusive, but they might remove some of the uncertainty that has made stock trading choppy lately.   Activities:U.S. Markets   Source:(AP)   2009-10-25

    Iraq approves oil deal with BP-led consortium
    BAGHDAD - The Iraqi government said Saturday it has approved a contract with a British-Chinese consortium to develop a prized oil field in southern Iraq, a significant achievement for a country that has struggled to attract foreign investors despite its vast natural resource wealth.   Nations:Iraq Russia   Activities:Iraqi Oil Industry   Source:(AP)   2009-10-17

    Oil prices jump above $75 a barrel to 1-year high
    VIENNA - Oil prices jumped above $75 a barrel Wednesday for the first time in a year on investor optimism crude demand will improve ahead of the Christmas shopping season.   Activities:2008 Global Oil Crisis   Source:(AP)   2009-10-14

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