Posts Tagged ‘Oil’
In electronic trading in Asia today crude oil prices declined for two consecutive days (9.5). Crude oil prices fell again in speculation that the U.S. economy weakened and China. Weakening of the economies of both countries with the largest economy has the potential to cause large drop in demand for commodities including crude oil.
Crude oil prices decreased by 0.9%, a decrease of 2.8% increase that occurred at the close trading weekend. Asian bourses, which fell looked more crude oil price movements. China’s service sector slowed in August.
Crude futures for October delivery declined 77 cents and traded at 85.68 dollars per barrel position. Crude oil prices are the most active contract late last week closed with a record of 2:48 sharp dollar decline (2.8%) in the position of 86.45 dollars per barrel. Read the rest of this entry »
Crude oil trading for the afternoon today (19 / 
was recorded continuously decreased since the morning. Investors seem increasingly positive expectations put on crude demand as speculation China and the U.S. economic downturn put forward by Morgan Stanley and Citigroup Inc.
Morgan Stanley predicts that China’s economy in the third quarter will decline by 0.2% to 9.1%. While at the same time Deutsche Bank predicts that the European economy will also negatively affected.
Crude oil futures declined by 2 dollars to 80.38 dollars per barrel. Meanwhile, Brent crude declined by 0.6% to 106.37 dollars per barrel.
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Looking for a new job in oil industry could be a boring day for new graduates, and many people thought that building a career in oil industries is a very hard to reach. Let say, how many times you spend your time to search for suitable oil industry jobs in a day? With so many competitors, we have to get some experience to win the competition and get the jobs. Luckily, we have good news how to reach your bright career in oil industry.
To join the oil company, as a fresh graduated we shall looking for the entry level oil jobs. There were many oil companies who hire fresh graduated from development program. We can set our first step with
this program. In entry level oil jobs, usually we have to join a group with training program. After 6 months – 12 months, depends on the oil company regulations and procedures, we already hired as new employee after the training program. That why we call it a “shortcut”.
Oil industry news is like a heart pumping, they move every day, every time. We can always stay to connect at the oil industries news from media, such as internet and newspaper. We can update our information even though we are working at the offshore rig. The oil company always tries to give the best facilities to the employee. To find more about oil industry jobs and career, you can visit the related site on the internet.
World oil prices rocketed back through the numbers and USD84 per barrel in afternoon trading in Asian markets. This is because investors awaiting the Federal Reserve’s plan (the Fed), which will be announced today to boost the economy in the United States (U.S.), which is expected to further weaken the dollar and boost demand for crude oil.
Benchmark for December delivery rose 32 cents to USD84, 22 per barrel in electronic trading on the New York Mercantile Exchange (Nymex). The contract rose 95 cents from USD83, 90 per barrel on Monday.
Today is day four where investors continue to reap the benefits of stronger crude oil prices are driven from the weakening dollar and expectations of the steps the Fed to buy government bonds to be able to stimulate the economy.
Since commodities such as oil and gold using a price with the dollar, weakening dollar makes it profitable for investors to invest in the two commodities.
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Oil prices again rose up to be over $ 80 per barrel in trading on Friday (10/01/2010) in Asia. This is because market players are optimistic U.S. economic recovery is going well.
Benchmark oil for November delivery rose 34 cents to $ 80, 31 per barrel at midday in Singapore time in electronic trading on the New York Mercantile Exchange. As for long-term contract, also rose $ 2, 11 for and is in the level of USD79, 97 on Thursday U.S. time.
Investors who used to play in the oil seems to believe in the U.S. economy will grow, where the positive unemployment data and manufacturing activities to mark the passage of the economic recovery.
The U.S. government also increased the estimate of second quarter on growth in gross domestic product (GDP) to 1.7 percent from 1.6 percent previously.
In addition, the Energy Information Administration also announced that it has been a decline in crude oil inventories of 500 thousand barrels last week. It also seems to push the optimism of investors. Read the rest of this entry »
Oil prices climbed back above USD74 per barrel on Monday, August 23 this. This is due to tropical storm in the Atlantic threaten Danielle intensified so that market participants worried that crude oil production in the Gulf of Mexico may be disrupted.
Crude oil for October delivery rose 36 cents to USD74, 18 per barrel at midday when Kuala Lumpur, in electronic trading on the New York Mercantile Exchange (Mercantile).
Earlier, oil prices fell by 97 cents to settle at USD73, 82 per barrel on Friday last week.
Tropical Storm Danielle is projected to be hit Atlantic region and will be intensified on Tuesday night. But there is also an estimate if this storm leads to Bermuda and will not threaten land.
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Organization of Petroleum Exporting countries (OPEC) estimates that world oil demand growth will rise. The organization estimates that the increase in world demand for oil increased by 1.2 percent.
According to testimony quoted by the AFP on Saturday (14/08/2010), OPEC issued a report which includes a revision of world oil demand. the estimate for oil demand growth in 2010 reached 1.2 percent.
In OPEC’s monthly report issued last Friday, total world oil demand for 2010 now estimated to reach 85.5 million barrels per day, up from 84.46 million barrels per day in the year 2009.
“Demand for oil is stable in the U.S., projected world oil demand growth is revised up by 0.1 million barrels per day (bpd) to show a growth of 1.05 million barrels per day, or 1.2 percent,” OPEC said.
The association warned that a slower economy in the second half of this year, due to the phasing out of fiscal stimulus. This enrichment can affect world oil demand.
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PT PP London Sumatra Tbk (LSIP) target can plant palm at area around 3500-4000 ha in the year 2010. The Company also has set aside USD 150 Million, taken from the capex (capital expenditure) amounted to USD 500 Million.
This year the company has budgeted for capital expenditures of USD 500 Million. Where 30% of them used to plan the planting of palm trees. Up to now the total area of land that has not been embedded and embedded companies, each of which reached 100 000 hectares. Previously, oil companies target a new investor to reach 5000 ha. But because the land that supports environmental considerations make the company cut its target.
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Dow Jones: U.S. stock markets continue rise, erasing losses Standrad & Poor’s index of 500 after the estimated level of consumption in accordance with economic analysts and sales of units at American International Group in Asia amounted to $ 35.5 billion. AIG (+0.4%) after approving the sale of AIA Group Ltd. to Prudential Plc, the UK’s largest companies.
Milipore and OSI Pharmaceuticals Inc. increased after the takeover bid. Walt Disney Co. Trade has increased after the department declared the individual expenditure has increased during the four months. Index Standard & Poor’s 500 (+1%) to 1,115.71. Dow Jones Industrial Average (+0.8%) to 10,403.79.
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