Natural gas
Prices for crude oil plummeted on Monday, with the September light, sweet crude contract on the New York Mercantile Exchange (Nymex) closing down 51 cents at $13.70/bbl, while front-month North Sea Brent futures in London dove below $13/bbl to end the day down 53 cents at $12.
Petroleum industry
Crude oil prices displayed a notable recovery in New York on Wednesday, with the September light, sweet contract on the New York Mercantile Exchange (Nymex) rising 12 cents to $14.16 per barrel. This increase followed a period of concern sparked by bearish crude stock figures, which gave way to
Petroleum industry
Federal Government plans to scrap key laws regulating petrol prices have sparked a heated debate among petrol station operators, who warn that hundreds of outlets could be forced to shut, putting thousands of people out of work. However, the Treasurer, Mr Peter Costello, argues that the move will lead to
Petroleum
The U.S. government's latest oil market forecast indicates a continued decline in the average cost of crude oil imports, with the Energy Information Administration (EIA) lowering its forecast for the year to $12.78/bbl, a decrease of nearly $6/bbl from last year's average.
Petroleum
Crude oil prices in New York remained unchanged on Friday, drifting sideways as traders focused on short-covering ahead of the weekend. The absence of fresh fundamental market news led to a lack of direction, with the front-month crude futures contract on the New York Mercantile Exchange (Nymex) hovering around the
Petroleum industry
At the recent North American International Auto Show in Detroit, the Big Three U.S. automakers - General Motors Corp., Ford Motor Co., and Chrysler Corp. - showcased their latest designs for cleaner, more fuel-efficient cars. The unveiling came as the industry faces increasing pressure to reduce tailpipe emissions and
Petroleum industry
The crude oil and distillate markets experienced a dismal week, with prices for both sliding significantly. The February light, sweet crude contract on the New York Mercantile Exchange (Nymex) lost $0.34 to close at $16.63 per barrel, a $0.80 drop from the previous week. This marks a
Petroleum industry
Robert C. Musser, controller of Mobil Corporation, has announced his decision to retire effective January 1, 1996, after a dedicated career of 29 years with the company. Musser, a graduate of Grinnell College and MIT, has held various positions within Mobil, including treasurer of the Marketing and Refining Division, controller/
Petroleum industry
James T. Mann, the vice president of corporate public affairs at Mobil Corporation, is set to retire on January 1, 1996, after a distinguished 29-year career with the company. Mobil's chairman and chief executive officer, Lucio A. Noto, has praised Mann's valuable contributions to the corporation&
Petroleum
Mildly bullish inventory data had a significant impact on the energy market, nudging crude and product prices toward an uptrend on the New York Mercantile Exchange (Nymex). The American Petroleum Institute (API) report of a small draw on crude stocks lent support to the November crude contract, which retraced Tuesday&
Petroleum
The New York Mercantile Exchange's (Nymex) crude oil contract for Nov 1995 deliveries experienced a significant drop in price, falling by 14 cents per barrel to $17.33/bbl on Sep 25, 1995. This decline was driven by a lack of news from the International Energy Conference in
Petroleum
The New York Mercantile Exchange (NYMEX) witnessed a sharp selloff in gasoline futures on September 19, 1995, amidst reports of 1 million barrels of gasoline arriving in New York. This led to a collapse in gasoline prices, with the October 1995 gasoline contract plummeting to a 3-week low of 54.
