Pump prices level off after big surge; oil steady – U.S. News & World Report


National Geographic
Pump prices level off after big surge; oil steady
U.S. News & World Report
Pump prices leveled off over the weekend, breaking a monthlong string of daily increases that boosted the cost of driving. On Monday the national average for gas stood at $3.777 a gallon, down a fractional from $3.781 on Friday, according to AAA, the
Crude oil prices have dropped, so why is gasoline still so expensive?Mother Nature Network (blog)
US Gas Price Spike: Blame the Long Road From Well to PumpNational Geographic

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UPDATE 9-Brent up as China imports rise, Italian elections weigh – Reuters


Proactive Investors UK
UPDATE 9-Brent up as China imports rise, Italian elections weigh
Reuters
Robust demand growth from China contributed to a near $10 rally in Brent prices at the start of the year, but prices slipped 3 percent last week after oil industry sources said Saudi Arabia was preparing to increase second quarter output. Oil traders
Oil prices climb on US weak dollarThe Daily Telegraph
MARKET WATCH: Despite small final-session gains, oil prices down last weekOil & Gas Journal
Crude-Oil Futures Fall Slightly4-traders (press release)
Proactive Investors UK –Gulf Times
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OPEC oil price declines for first time in five weeks – People’s Daily Online


Deseret News
OPEC oil price declines for first time in five weeks
People’s Daily Online
VIENNA, Feb. 25 (Xinhua) — The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) declined to 112.66 U.S. dollars per barrel last week, compared with 114.50 dollars a week earlier, the Vienna-based cartel said Monday.
Global oil supply and demand will drive gas prices in 2013Deseret News
The Price of Gasoline and the Patently Absurd Application of Our Sovereign Huffington Post

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Kilimanjaro Capital Ltd. Signs Strategic Technology Alliance with Northern Oil … – Marketwire (press release)

Kilimanjaro Capital Ltd. Signs Strategic Technology Alliance with Northern Oil
Marketwire (press release)
CALGARY, ALBERTA–(Marketwire – Feb. 24, 2013) – Kilimanjaro Capital Ltd., a private Canadian resource development and services company focusing on emerging nations in West Africa, has signed a Strategic Technology Alliance with Northern Oil

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Oil firms roll back gas, kerosene, diesel prices – Philippine Star


Ceylon Daily News
Oil firms roll back gas, kerosene, diesel prices
Philippine Star
MANILA, Philippines – After a series of oil price hikes the past four weeks, oil companies announced yesterday a price rollback effective 6 a.m. today. However, the price reduction is lower than the increases implemented for the past several weeks.
Oil refiners to lower pricesTaipei Times
5 oil firms to slash prices of petroleum products MondayInquirer.net
Oil companies announce new price cutsManila Standard Today
China Post
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Are You Expecting Oil Prices To Fall? – Seeking Alpha


Global Economic Intersection
Are You Expecting Oil Prices To Fall?
Seeking Alpha
Yet, the cost of oil today has little to do with supply versus demand – but is more about marginal cost of supply and producers' ability to manipulate supply. Peak oil and anti-Obama rhetoric notwithstanding, oil production in the USA has been growing
Like Us at Facebook:Global Economic Intersection (blog)

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Retail fuel prices jump for the first time this year – People’s Daily Online


Morning Whistle
Retail fuel prices jump for the first time this year
People’s Daily Online
International crude oil prices have been rising since the beginning of the year. By Feb 18, the Brent oil price, one of the prices that China refers to for fuel price adjustments, had increased by 5.45 percent compared with the beginning of January.
Oil price rise by 0.22 yuan per liter from Feb 25Morning Whistle
China raises gasoline, diesel pricesChina Daily
China raises gasoline & diesel pricesGlobal Times
Straits Times –Bloomberg –ConsumerAffairs
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Why You Should Pay Attention to This Texas Oil Play – Motley Fool


Business Recorder
Why You Should Pay Attention to This Texas Oil Play
Motley Fool
While North Dakota's Bakken shale and Texas' Eagle Ford shale remain the best-known hotbeds of oil and gas activity in the U.S., another less famous play continues to gain importance. That play is the Permian Basin of western Texas and eastern New
Cline Shale opens up to explorationSan Angelo Standard Times

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Halliburton’s dividend hike heralds higher payouts for oilfield companies: UBS – MarketWatch (blog)

Halliburton's dividend hike heralds higher payouts for oilfield companies: UBS
MarketWatch (blog)
As for Halliburton, the company had been “more cautious given the Macondo uncertainty,” analysts at Raymond James said Thursday. Halliburton did cement work at the well, site of the 2010 Deepwater Horizon blowout and oil spill, and has been accused of

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A New Owner For Placerita Oil Field On Sierra Highway – KHTS Radio


Rigzone
A New Owner For Placerita Oil Field On Sierra Highway
KHTS Radio
It bought the Placerita oil field from Arco in the late 1990s. The active portion of the Placerita field (northwest of Sierra Highway between Placerita Canyon Road and Golden Valley Road) dates to 1948; historic pumping in the broader Placerita Canyon
Linn Energy, LinnCo to Buy Berry Petroleum for $2.5BRigzone

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Iona Energy Closes Senior Debt Facility & Huntington Oil Field Acquisition – NASDAQ

Iona Energy Closes Senior Debt Facility & Huntington Oil Field Acquisition
NASDAQ
Iona has also closed its acquisition of Carrizo UK Huntington Limited, which consists of: a 15% non-operated working interest in License P1114 of UK North Sea Block 22/14b covering the near-producing Huntington oil field development; royalties
Iona Energy Closes Senior Debt Facility and Huntington Oil Field AcquisitionMarketwire (press release)

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Ample supplies push oil prices down, sharp rise in gasoline prices expected to … – Washington Post


570 News
Ample supplies push oil prices down, sharp rise in gasoline prices expected to
Washington Post
The drop in crude hasn't translated into lower pump prices — yet. The average U.S. retail gasoline price rose a penny to $3.78 per gallon Thursday, according to AAA, the Oil Price Information Service, and Wright Express. Gasoline has risen for 34 days
Oil: Price levels off after 2 days of steep lossesTulsa World
Oil ends higher; loses nearly 3% on weekMarketWatch
Crude oil hovers near $93 a barrelUPI.com
570 News –Timesonline.com –BDlive
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Gas Prices: There Are Things the Government Can Do – Heritage.org (blog)


Heritage.org (blog)
Gas Prices: There Are Things the Government Can Do
Heritage.org (blog)
A number of factors are contributing to rising prices. Over two-thirds of a gallon of gasoline comes from the price of oil, which is set on the global level. Developing countries are using more oil and China and India are also using more oil as they
Maine average heating oil prices rise 2 centsBusinessweek
A Snapshot Of GE's Oil And Gas BusinessTrefis
Musings: PwC Says Shale Oil 'The Next Energy Revolution' – Really?Rigzone

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