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Crude Oil Analysis for the Week of September 12, 2011

Crude Oil Analysis for the Week of September 12, 2011

November Crude Oil finished the week slightly better after ping-ponging between a pair of Gann angles at $87.39 and $86.61. Volatility was also high, helping to form an outside move for the week.
Iran’s Oil, LPG Exports to China Soar 49 Percent in Last 6 Months

Iran’s Oil, LPG Exports to China Soar 49 Percent in Last 6 Months

China’s Customs Organization has announced, “This country’s level of oil imports from Iran during the first half of 2011 reached 134.7 million tons, a growth of 49 percent in comparison to the same time period last year.”
Oil-Rich Mexico Now Imports 50 Percent of Its Gasoline

Oil-Rich Mexico Now Imports 50 Percent of Its Gasoline

According to the Petroleum Indicator of the Petroleos Mexicanos state oil monopoly, more familiarly known as Pemex, between January and July 2011, foreign gasoline purchases averaged 397,300 barrels per day, which represents 49.8 percent of the country’s...
Sierra Leone to Know Its Petroleum Status By September, Says Official

Sierra Leone to Know Its Petroleum Status By September, Says Official

A petroleum geo-scientist at Sierra Leone’s oil regulatory unit, the Petroleum Resource Unit (PRU) has promised to disclose by September this year, the quantity of crude oil found in the country’s off-shore.
Lessons Learned From the 2 Worst Oils Spills in US History

Lessons Learned From the 2 Worst Oils Spills in US History

One year after the notorious BP Deepwater Horizon oil spill in the Gulf of Mexico and two decades after the Exxon Valdez spill in Prince William Sound off the coast of Alaska the scientific lesson is clear – microbes matter! Despite vast differences...
Beach Energy Reveals Massive Shale Gas Estimate

Beach Energy Reveals Massive Shale Gas Estimate

Adelaide-based Beach Energy reported that, based on data from its first two shale gas wells in the onshore Cooper Basin, it had estimated its field to contain 2 trillion cubic feet of gas, stating, ”Substantial upside potential still exists to expand...
Oil Deposits Discovered in Extreme North of Cameroon

Oil Deposits Discovered in Extreme North of Cameroon

The National Hydrocarbons Corporation (SNH), Cameroon’s state oil company announced Sunday, the discovery of oil deposits in the extreme north of the country. How People Arrived Here: oil exploration north cameroon
Iran Opens Oil Bourse – Harbinger of Trouble for New York And London?

Iran Opens Oil Bourse – Harbinger of Trouble for New York And London?

The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling...
Iran Ready to Export Jet Fuel to Neighbors

Iran Ready to Export Jet Fuel to Neighbors

In a show of bravado to Western countries imposing sanctions, Iran has announced that it is ready to export jet fuel to neighboring countries.
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