The oil and gas industry is the one of the most important industries in many countries. The economies of Middle Eastern countries are based oil and natural gas. It is also the largest sector of the Russian economy. As a commodity, crude oil prices are volatile and fluctuate based on an infinite number of reasons ranging …
Continue reading ‘The Global Top Oil and Gas Companies by Market Capitalization’ »
Crude oil (Brent) futures rose gain on Friday at NYMEX and closed at $106.92 for May delivery. Gasoline prices have also followed the upward march this year and currently the average U.S. price stands at $3.51 according to Gas Buddy site.Due to geopolitical risks and other factors oil prices continue to go higher and may stay …
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Oil majors Ecopetrol (EC) of Colombia and Petrobras(PBR) of Brazil are both controlled by the state. In the past 5 years the ADR performance of these companies have diverged significantly as shown in the chart below: Click to enlarge Source: Google Finance Petrobras had a great run in the past. However the stock has performed poorly especially …
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U.S. Natural Gas production is rising every year since 2006 due to the success of producing shale gas. As the global demand for Liquified Natural Gas (LNG) is projected to grow over the next few years U.S. may become a major exporter of LNG to other countries competing against established played like Qatar and Russia …
Crude oil prices(WTI) closed at $103.84 on Oct 4, 2013. Prices fell below $50.0 per barrel at the peak of the global financial crisis but has recovered to stay in the $100 range in the past few years. The following chart shows crude oil prices in both nominal and real terms from 1861 to 2012: …
Continue reading ‘Crude Oil Prices Chart From 1861 To 2012’ »