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...
Muscat projects the port of Sohar, 220 km north of Muscat, as the first anchor for a journey to make Oman a key maritime centre between three continents. Industries built there feature a...
Petroleum Development Oman: PDO is owned 60% by the Omani government, 34% by Shell which is the technical manager, 4% by Total and 2% by Partex. The Shell-led foreign partners in PDO in...
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...
The search for oil in Oman began in 1925, soon after D'Arcy Exploration Co. won a two-year licence. Then the country was a British protectorate. The firm made geological surveys but failed 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...
There are fuel shortages in the country caused partly by financial difficulties being faced by the interim government since the fall of President Mubarak and partly in view of rising domestic prices. Long...
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 -- 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...
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...
- 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...
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...
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...
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...
The working week on Jan. 13 ended with crude oil prices down as fears that Iran could close the Strait of Hormuz and of a potential cut in Nigerian oil exports were offset...
Saudi Petroleum & Mineral Resources Minister Ali al-Na'imi has assured world traders that the Sunni/Wahhabi kingdom had sufficient volumes of crude oil to replace Iranian exports in the event of an embargo. Reuters...