Overview Ultrapetrol serves the shipping markets for grain, vegetable oils, minerals, crude oil, petroleum and refined petroleum products, as well as the offshore oil platform supply market. It operates three segments: a river...
The volatility that marked energy markets over the past year is almost guaranteed to continue in 2012. Geopolitical factors, such as Europe's financial crisis and conflicts with Iran and other regions, make long-range...
The spark spread represents the theoretical margin of electric power producers. Its understanding can reveal several speculative opportunities that traders can use to expand their market activity. There are several fundamental methods of...
In mid-December 2011, the Organization of Petroleum Exporting Countries (OPEC) surprised the energy markets by deciding to increase oil production with a new output target of 30 million barrels a day. Bloomberg reported...
Oman in 2008/09 weathered the global financial crisis and since then the economy has returned to pre-crisis GDP growth levels. In 2011, the government began investing RO30bn ($77.9bn) under a five-year plan to...
In his third State of the Union address to the US Congress, President Barack Obama on Jan. 24 said he was "determined to prevent Iran from getting a nuclear weapon", stressing: "I will...
The EU may allow some of its members to use strategic oil reserves after an oil embargo on Iran goes into effect on July 1. In Davos, EU Energy Commissioner Guenther Ottinger on...
Saudi Petroleum & Mineral Resources Minister Ali al-Na'imi has repeatedly stated in recent days that the kingdom will be able to almost instantly raise its crude oil production from 10m to 11.8m b/d...
SAN RAMON, Calif. -- Chevron Corporation (NYSE: CVX) said that its subsidiary, Chevron Nigeria Limited (CNL), has called off the search and rescue activities for two contractors who were missing after Monday's fire...
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/68e0d8/cyprus_energy_repo) has announced the addition of the "Cyprus Energy Report" report to their offering. This report provides updated facts and figures on the evolution of the national energy...
Declares Quarterly Distribution of $1.16 Per Unit HOUSTON -- Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today declared a quarterly cash distribution per common unit of $1.16 ($4.64 annualized) payable on Feb. 14,...
NEW YORK -- Hess Corporation announced today that it will take a $525 million after-tax charge against its fourth quarter 2011 earnings as a result of the shutdown of the HOVENSA L.L.C. refinery...
STAMFORD, Conn. -- Louis Dreyfus Highbridge Energy LLC ("LDH Energy" or the "Company") announced that it has acquired, through one of its subsidiaries, a natural gas-fired peaking facility located in Wichita County, Texas...
NEW YORK -- HOVENSA L.L.C. announced that it will shut down its refinery operations and expects to tender for 100% of the outstanding $356 million tax-exempt bonds maturing in 2021 and 2022 at...
SAN RAMON, Calif. -- Chevron Corporation (NYSE:CVX) reports that its subsidiary, Chevron Nigeria Limited, is working to contain a fire that ignited early this morning aboard the K.S. Endeavor, a drilling rig offshore...
- New offering provides electronic energy traders with direct access to machine-readable, market-moving oil statistics NEW YORK & LOUISVILLE, Ky. -- Selerity, a provider of real-time event data solutions for the financial services...
SAN RAMON, Calif. -- Chevron Corporation (NYSE: CVX) said that an extensive search and rescue effort continues for two contractors who remain missing after yesterday's fire aboard the K.S. Endeavor, a drilling rig...
Effective February 15, 2012 RESEARCH TRIANGLE PARK, N.C. -- Reichhold, Inc. announced a price increase today of $0.08 per pound on all unsaturated polyester resins, vinyl ester resins and flame retardant resins sold...
NEW YORK - For the first time, the top export of die United States, the world's biggest gas guzzler, is - wait for it - fuel. Measured in dollars, the nation was on...
Retail diesel prices ended six weeks of declines by rising last week for the first time since late November, the Department of Energy reported, as fleet managers said they were bracing for the...