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BP, Shell still making profits
Published July 9, 2009, 2:07 pm, Stuff
Oil companies Mobil and Caltex may have taken a profit bath last year but the balance sheets of their competitors BP and Shell are scrubbing up nicely.
CVR Energy Subsidiary Extends Crude Oil Supply Pact
Published July 9, 2009, 1:35 pm, PR Newswire via Yahoo! Finance
Independent petroleum refiner Coffeyville Resources Refining & Marketing, LLC, a subsidiary of CVR Energy, Inc. , announced today that it has agreed to extend by a year the initial term of its crude oil supply agreement with Vitol Inc.
Sunoco Places Four Employees on Leave After Internal Investigation Finds Violations of Company Policy
Published July 9, 2009, 1:30 pm, Business Wire via Yahoo! Finance
PHILADELPHIA----Sunoco, Inc. said today that an internal investigation into the bidding for a crude oil processing transaction has determined that four employees within its crude oil supply, product trading and wholesale distribution organization violated company policy.
CHS Posts Nine-Month Earnings of $284.1 million
Published July 9, 2009, 11:39 am, PR Newswire via Yahoo! Finance
CHS Inc., a leading energy, grains and foods company, today reported earnings of $284.1 million through the third quarter of fiscal 2009.
Business Digest
Published July 9, 2009, 7:00 am, The MetroWest Daily News
F ramingham firm promotes future technology leaders; N ewton advertising firm moves to larger location; R uth Jarvis leads creative services practice at Davalen; A nton's Cleaners wins national service award; E poch in Weston recognized for quality improvement; G ulf Oil chooses Patriot Capital Corp. as a partner; P eopleCube launches new consulting service
Nigeria: Product Diversion - House Grills PPMC, 27 Others
Published July 9, 2009, 3:01 am, AllAfrica.com
Abuja — House of Representatives Adhoc Committee investigating the activities of Nigeria National Petroleum Corporation (NNPC) and its subsidiaries yesterday grilled top officials of the Pipelines and Products Marketing Company (PPMC) and 27 oil marketing firms over allegations of fraudulent diversion of crude oil and refined products in the last ten years.
Nigeria: Retreat of the Federals
Published July 9, 2009, 2:59 am, AllAfrica.com
Lagos — On the effectiveness and impact of the Federal Government on our lives, there is perhaps a winter of performance and a crisis of expectations in the land. Wherever you go, it stares you in the face.
Home > Hot Topic > Eastalk
Published July 8, 2009, 11:46 pm, Eastday.com
With China’s oil price continuously rising, the price of gasoline and diesel peaks at 600 Yuan (84.85 dollars) per ton on June 30th, 2009. It is also the second time that the government adjusts the gasoline prices. The sharp amount of increase in petrol’s price is far beyond driver’s expectations.
Kenya: Why Petroleum Prices Are On the Rise Again
Published July 8, 2009, 2:43 pm, AllAfrica.com
The huge time lapse it takes Kenyan importers to get petroleum products from the global market to pump stations is denying consumers a chance to benefit from the frequent swings in crude prices leaving domestic prices on a near permanent climb.
(AFX UK Focus) 2009-07-08 21:59 Shell says U.S. oil refiners need more CO2 permits
Published July 8, 2009, 2:26 pm, Interactive Investor
By Tom Doggett
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