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Crude Over $50, but It Shouldn't Be

By Chuck Marvin

Dec. 1 was the last time crude oil was over $50 a barrel, but the fundamentals of the marketplace suggest that crude should be $30 a barrel, maybe even $25.

02:37PM 03/19/09

Eni Acting as Monopoly, EU Says

By Chuck Marvin

The European Commission alleges that Eni illegally prohibited rivals from using its natural gas pipelines.

09:59AM 03/19/09

Peabody Signs Long-Term Supply Deals

By Chuck Marvin

Peabody Energy signed long-term deals of up to 17 years in length with two Midwestern power generators. The contracts are expected to produce $6 billion in revenue.

04:03PM 03/17/09

Royal Dutch Shell Reserves Unchanged

By Chuck Marvin

Royal Dutch Shell announced that its total reserves at the end of 2008 were 11.9 billion barrels of oil equivalent, unchanged from the prior year.

12:35PM 03/17/09

Platts Launches New Crude Price Marker

By Chuck Marvin

Platts officially launched its Americas Sour Marker on Monday in a bid to create a better crude pricing mechanism than the existing West Texas crude futures contract currently maintained by the Nymex.

09:37AM 03/17/09

Crude Rebounds on Stocks' Coattails

By Chuck Marvin

West Texas crude futures on the New York Mercantile Exchange were recently falling $1.64 at $44.61 a barrel in pre-session trading.

01:38PM 03/16/09

Crude Oil Seems to Have Found Range

By Chuck Marvin

That range is $35 to $50, says one expert.

01:20PM 03/12/09

Dow Looks to Restart Kuwait Deal

By Chuck Marvin

Petrochemical Industries surprised Dow last December when it backed out of their joint venture because of the global economic downturn.

04:46PM 03/11/09

New Oil Price Benchmark Roils Status Quo

By Chuck Marvin

The Americas Sour Marker is looking to supplant West Texas Intermediate crude as the trading standard.

04:38PM 03/11/09

ConocoPhillips: Production Steady

By Chuck Marvin

ConocoPhillips says it expects total hydrocarbon production to remain unchanged compared to last year even though its capital spending will fall 37%.

02:47PM 03/11/09

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