FUTURE OF OIL

Oil

Spanish consumer prices jump 2.7% in August

3:15 a.m. Today - By Barbara Kollmeyer

Crude oil prices are up around 8% for the month of August so far.

Oil futures extend losses

1:47 a.m. Today - By Virginia Harrison

Oil futures extend losses, matching falls across commodity and equity markets on the eve of a highly-awaited meeting of central bankers. Oil for October delivery  dropped 56 cents, or 0.6%, to $95.49 during Asian trading hours.

Is it time to Romnify your portfolio?

12:01 a.m. Today - MarketWatch.com

It would seem to be a logical conclusion to me that, d rill baby drill, favors the oil drillers and oil service companies. I am already seeing oil drillers and oil service companies make significant moves up the ladder of my stock ranking system.

Brazil's Petrobras July oil, gas output down 1.12%

11:57 p.m. Aug. 29, 2012 - MarketWatch

SAO PAULO--Petroleo Brasileiro (PBR, PETR4.BR), Brazil's state-controlled oil company, said Wednesday that July crude oil and natural gas output slipped 1.12% from the previous month due in part to planned stoppages for maintenance. Total crude oil and natural gas production was 2.554 million barrels of oil equivalent, or BOE, in July, compared with 2.583 million BOE a day in June.

Petrobras July oil, gas output falls vs June

7:00 p.m. Aug. 29, 2012 - MarketWatch

SAO PAULO--Petroleo Brasileiro (PBR, PETR4.BR), Brazil's state-controlled oil company, said Wednesday that July crude oil and natural gas output slipped 1.12% from the previous month due in part to planned stoppages for maintenance. Total crude oil and natural gas production was 2.554 million barrels of oil equivalent, or BOE, in July, compared with 2.583 million BOE a day in June.

Valero helps lead a broad oil-sector retreat

6:27 p.m. Aug. 29, 2012 - By Myra P. Saefong

Among oil producers with facilities in the Gulf, shares of Chevron Corp.  fell 0.5%, Exxon Mobil Corp.  lost 0.2% and Royal Dutch Shell fell 0.6 Taking a look at the broader energy market, the NYSE Arca Oil Index slipped by 0.5% at 1,231 points and the Philadelphia Oil Service Sector Index  lost 1% at 223 points.

Petrobras: Presalt oil discovery rate nearly 80%

5:20 p.m. Aug. 29, 2012 - MarketWatch

Petrobras is currently experiencing problems with operational efficiency at its Campos Basin oil fields, Mr. Molinari said. The Campos fields, which include the major Espardarte and Marlim fields, are at present producing a total of 430,000 barrels per day of oil.

Stocks rise; Fed sees gradual expansion

5:08 p.m. Aug. 29, 2012 - By Kate Gibson

Crude moves Oil prices fell as Hurricane Isaac did not do any significant damage to production in the Gulf Coast and data showed that inventories unexpectedly climbed last week.

Brazil’s currency slips; OGX drops on exec move

5:03 p.m. Aug. 29, 2012 - By Carla Mozee

Brazilian stocks fall Wednesday, led by a drop in shares of OGX Petroleo e Gas after the oil driller announces a change in its executive lineup. Brazilian stocks fall Wednesday, led by a drop in shares of OGX Petroleo e Gas after the oil driller announces a change in its executive lineup.

As Isaac’s strength ebbs, rescue efforts rise

4:44 p.m. Aug. 29, 2012 - By Taylor Thomas

Shutting-in is a procedure which halts production to prevent oil spills during severe weather. The BSEE also said that 505 out of 596 manned oil platforms in the Gulf had been evacuated due to Isaac, in addition to 50 out of 76 oil rigs.

Oil ends lower on surprise supply increase

3:39 p.m. Aug. 29, 2012 - By Claudia Assis

Oil has ended lower for four out of the past five sessions. In its latest report Wednesday, the Bureau of Safety and Environmental Enforcement estimated that nearly 95% of daily oil production and almost 72% of natural gas output in the Gulf has been shut in, or undergone a procedure that closes underwater-pipeline valves to prevent oil spills during severe weather.

U.S. ups estimates on Gulf oil, natgas shut-ins

3:08 p.m. Aug. 29, 2012 - By Taylor Thomas

Shutting-in is a procedure which closes underwater pipeline valves in order to prevent oil spills during severe weather. The BSEE also said that 505 out of 596 manned oil platforms in the Gulf had been evacuated due to Isaac, in addition to 50 out of 76 oil rigs.

Oil ends lower on inventories rise

2:48 p.m. Aug. 29, 2012 - By Claudia Assis

Gasoline and heating oil also ended lower, with natural gas bucking the trend to end higher ahead of its own inventories report due Thursday.

Oil futures end 0.9% lower at $95.49 a barrel

2:34 p.m. Aug. 29, 2012

Oil futures end 0.9% lower at $95.49 a barrel

Oil driller OGX replaces exploration director

12:53 p.m. Aug. 29, 2012 - MarketWatch

SAO PAULO--Private Brazilian oil driller OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY) said Wednesday it has promoted Paulo de Tarso Martins Guimaraes to the position of director for exploration.. SAO PAULO--Private Brazilian oil driller OGX Petroleo e Gas Participacoes SA (OGXP3.BR, OGXPY) said Wednesday it has promoted Paulo de Tarso Martins Guimaraes to the position of director for exploration.