The Oil Daily articles from April 2006

The Oil Daily archives from April 2006

Panel OKs tough foreign takeover law.
April 3, 2006... A Senate panel last week approved legislation to strengthen scrutiny of foreign takeovers of US companies after excluding provisions considered draconian. Despite the Senate Banking Committee's move, the American Petroleum Institute and other...

Russia's Lukoil looks to US to expand reach.
April 3, 2006... Russian oil major Lukoil is taking steps to increase its production, diversify its asset base and increase its share value--goals that are pushing the Russian giant to make big investments in the US and elsewhere around the globe, according to...

Norway awards upstream licenses, proceeds carefully in Barents Sea.
April 3, 2006... Friday, Norway awarded new production licenses for the 19th licensing round on the Norwegian Continental Shelf and also set out new operating restrictions in the environmentally sensitive northern Barents Sea area, where some prospective...

Conoco closes Burlington deal.(Burlington Resources)(Brief article)
April 3, 2006... Oil major ConocoPhillips on Friday said it has closed its acquisition of natural gas producer Burlington Resources (OD Mar.31,p8). Burlington shareholders will receive $46.50 in cash and 0.7214 shares of Conoco common stock for each...

Momentum swings back to bulls in crude oil market.
April 3, 2006... A year ago, Goldman Sachs analysts put out a report that rattled the crude futures market by saying oil was in a "super spike" period, and prices could reach $105 per barrel even without a supply disruption. Last week, veteran oilman T. Boone...

Daily oil & gas price review: prices for Friday, March 31, 2006.(Table)
April 3, 2006... Crude Oil [GRAPHIC OMITTED] US Domestic Crude ($/barrel) Spot 5-Day Month- Cash/Spot Change Price Avg. Ago WTS (Midland) -1.32 61.75 61.85 55.91 LLS (St. James)...

Spot crudes gain strength on growing refiner appetite, supply disruption fears.
April 3, 2006... The US spot crude market is heating up again as refineries returning from maintenance are looking to start ramping up gasoline output ahead of what is expected to be a tight summer market. In the past week, refiners have been snapping up...

US rig count rises by five.(Baker Hughes Drilling Report)(Statistical data)
April 3, 2006... The number of rigs searching for oil and gas in the US rose by five to 1,576 last week, oil services firm Baker Hughes said Friday. During the same week last year, there were 1,329 rigs at work. The number of rigs searching for oil in the...

Despite Friday fall, traders see further gains for Natgas.
April 3, 2006... Energy futures markets bulls were on the offensive last week, spurring on gains until Friday's healthy pullback. However, many players in the market say the late week sell-off was only a temporary retreat, and indicators suggest that another...

Brazil to focus on gas acreage again with next upstream tender.
April 3, 2006... Brazil will dedicate its upcoming eighth upstream licensing round on natural gas prone areas in the Santos Basin, as the country seeks to boost supplies and reduce its dependence on gas imports from volatile Bolivia. "We are right now...

Loading resumes but outlook bleak for Iraqi oil exports.
April 3, 2006... Tanker loading resumed late Thursday at Iraq's southern Basrah Oil Terminal (BOT), which handles more than 90% of the country's crude exports, after bad weather in the Persian Gulf forced the closure of the port on Tuesday. But the three-day...

Basrah oil terminal.(Table)(Brief article)
April 3, 2006... Basrah Oil Terminal Preliminary Iraqui Loading Program for April 2006 Date Vol. Vessel Company Destination (dagger) Apr. 1 2,000 Camden Valero USGC 2 ...

Nymex, CME in trade talks.(New York Mercantile Exchange)(Chicago Mercantile Exchange)(Brief article)
April 3, 2006... The New York Mercantile Exchange (Nymex) is in talks with the Chicago Mercantile Exchange (CME) on a deal to move Nymex energy contracts onto CME's electronic trading platform, sources with knowledge of the talks said Friday. The proposed...

Kerr-McGee closes spin-off.(Corporate News)(Brief article)
April 3, 2006... Oil and gas company Kerr-McGee on Friday said it has completed the spin-off of its former subsidiary Tronox, with each Kerr-McGee shareholder receiving one Tronox share for every five Kerr-McGee shares. The spin-off of Tronox, the company's...

Apache to drill Australia well.(Canadian Oil Royalties Ltd.,)(Brief article)
April 3, 2006... Australian-Canadian Oil Royalties Ltd., which invests in and owns oil and gas production in North America and Australia, said Friday that big US independent Apache has agreed to operate its VIC/P45 Block on the Gippsland Basin offshore...

Argentina ups gas prices.(Latin America)(Brief article)
April 3, 2006... The government of Argentina authorized last week a 20% increase in the price of natural gas charged to industrial and commercial users, as part of an official scheme to normalize gas rates from world low levels. Gas distributors will be...

Canadian gas storage.(Table)(Brief article)
April 3, 2006... Enerdata reported that the amount of natural gas in Canadian storage facilities fell 12 Bcf to 220.3 Bcf for the week ended Mar. 24. Storage caverns are 41.3% full, down from 43.6% the previous week but up from 25.7% a year ago. (Bcf) ...

Stock market scorecard.(Table)
April 3, 2006... Stock Market Scorecard Close 1-Day % Chg. Integrated 3/31 Chg. % Chg. 10-Day 52-Wk YTD Majors Repsol YPF 28.5 +0.02 +0.07% -2.20% +8.9% -3.09%...

Cerro Negro work finished.(Latin America)(Brief article)
April 3, 2006... Venezuela's 108,000 b/d Cerro Negro heavy crude upgrader has completed planned maintenance started earlier this month, operator Exxon Mobil said Friday. The company said maintenance on Cerro Negro's Central Production Facility and its...

Senator hopeful about 181.(Lease Sale 181)(Brief article)
April 3, 2006... Sen. Jeff Bingaman (D-N.M.), the Ranking Member of the Committee on Energy and Natural Resources, said on Friday that Lease Sale 181 is the piece of energy legislation that is likeliest to pass in 2006 (OD Mar.29,p1). The senator supports Lease...

Senators back California.(Brief article)
April 3, 2006... A bipartisan group of 21 senators on Friday called on the Environmental Protection Agency (EPA) to allow California to set tougher vehicle emissions standards to address the climate change problem. California has set vehicle emissions...

Hiland acquires Arkoma assets.(Mergers & Acquisitions)(Brief article)
April 3, 2006... In a deal valued at $93 million, Hiland Partners said it will acquire natural gas gathering assets in the Easten Oklahoma Arkoma Basin from Enogex Gas Gathering. Oklahoma-based Hiland, which processes natural gas, said it expects the deal...

El Paso mulls storage plan.(Natural Gas)(Brief article)
April 3, 2006... El Paso has sought expedited federal approval that, if granted, could allow it to drill a test well in Arizona this month to explore building a new natural gas storage facility, according a Federal Energy Regulatory Commission (FERC) filing....

Data shows lower demand.(Oil & Gas Markets)(Brief article)
April 3, 2006... US oil demand in January came in much lower than initially thought at 20.11 million b/d--some 500,000 b/d below January 2005. Consumption of all transportation fuels was well below data shown in weekly numbers, according to more definitive...

Speculators switch to longs.(Brief article)
April 3, 2006... Crude oil speculators on the New York Mercantile Exchange switched to net long positions in the week ended Mar. 28, Commodity Futures Trading Commission data showed on Friday. Speculative positions in other Nymex energy markets were mixed,...

Citgo restarts refinery unit.(Refining)(Brief article)
April 3, 2006... Citgo said Friday it plans to restart a sulfur recovery unit at its 157,000 b/d Corpus Christi, Texas, refinery in mid-April, the company said in a filing with a state environmental agency. Operations at a new tail gas treating unit (TGTU)...

Conoco names directors.(Richard Armitage, Bobby Shackouls and William E. Wade Jr.)(Brief article)
April 3, 2006... ConocoPhillips said Friday that its board of directors has elected three new outside directors--former Deputy Secretary of State Richard Armitage, former Burlington Resources President and Chief Executive Bobby Shackouls, and retired Arco...

Venezuela snatches fields from private firms.(Petroleos de Venezuela S.A Mergers and acquisition with Statoil )
April 4, 2006... Venezuela's state owned oil company Petroleos de Venezuela (PDV) has taken back oil fields with about 100,000 barrels per day of production from several private companies, including Italian Eni, French Total and Norwegian Statoil, after the...

Chevron suspends offshore Hebron project.
April 4, 2006... Canada's efforts to develop oil and gas resources off its Atlantic coast suffered a serious setback on Monday when Chevron announced suspension of the Hebron heavy oil project. The US major--speaking on behalf of itself and partners Exxon...

Launch of first ETF could spur inflow of cash into oil market.(American Stock Exchange L.L.C service introduction Exchange-traded funds)
April 4, 2006... The American Stock Exchange (Amex) plans to launch the first US exchange-traded fund (ETF) tracking crude oil prices this week, thus providing an easier path for small investors to play the oil markets amid already high speculative activity in...

Nymex crude moves higher on mounting Iran concerns.(New York Mercantile Exchange sales and earning )(Brief article)
April 4, 2006... Crude oil prices on the New York Mercantile Exchange (Nymex) took off early Monday on news about oil-rich Iran test-firing an anti-submarine torpedo. But the market gave back toward the close on profit-taking and heavy resistance just below the...

Daily oil & gas price review: prices for Monday, April 3, 2006.(crude oil , gasoline and natural gas prices)(Statistical table)
April 4, 2006... Crude Oil [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot 5-Day Month- Price Avg. Ago WTS (Midland) -0.18 61.57 62.20 55.52 LLS (St....

EPA draft scales back refinery toxic emissions standard.(Environmental Protection Agency standard)
April 4, 2006... A draft Environmental Protection Agency (EPA) proposal weakening standards for toxic pollutants from refineries and other industrial facilities is stirring new controversy, threatening to overwhelm William Wehrum, President Bush's nominee to...

Heating degree days: for the week of Apr. 1, 2006.(Statistical table)
April 4, 2006... Heating Degree Days For the week of Apr. 1, 2006 Week Dev From Week From Year Cum State/City (PADD) Total Norm Ago...

Enron pays creditors.(Enron Corp. Reorganization and restructuring)(Brief article)
April 4, 2006... Fallen energy giant Enron on Monday said it made a distribution of $4.68 billion to creditors as part of a regularly scheduled, twice-yearly payout following the company's bankruptcy. In total, Enron said, it has returned $5.83 billion to...

Nymex launches data, news service to stay competitive.(New York Mercantile Exchange service introduction)
April 4, 2006... As it fights off competition from current and potential rivals, the New York Mercantile Exchange (Nymex), the world's largest energy bourse, on Monday launched a new market platform that will provide traders with real-time market news, data and...

Oil shares recover in March, outperform broader market.(Petroleum prices and rates)
April 4, 2006... After a steep drop in February, oil equities rebounded nicely in March, a month which saw global oil prices climb higher. The IPF Index, which is compiled by Oil Daily sister publication International Petroleum Finance, rose 3.8% in March,...

Reliance refinery project may attract major partner.(Reliance refinery attracts China National Petroleum Corp.and Exxon Mobil Corp. to invest)
April 4, 2006... Top oil companies are considering investment in a giant refinery expansion by India's Reliance Industries. Reliance has received requests from investment banks representing major oil companies interested in taking minority equity stakes in...

Patterson-UTI jumps on big profits; harvest sinks on new deal.(Patterson-UTI Energy Inc. securities)
April 4, 2006... A big jump in fourth-quarter earnings helped boost the shares of contract driller Patterson-UTI, making it one of last week's biggest gainers, according to a survey by energy consultancy John S. Herold. Land driller Patterson-UTI saw its...

Oil & gas share gainers and decliners: week ended Mar. 31, 2006.(Petroleum industry securities)(Statistical table)
April 4, 2006... Oil & Gas Share Gainers and Decliners Week Ended Mar. 31, 2006 Top 15 Gainers Close Close Company Ticker 3/31 3/24 %Chg. Tanganyika Oil Co. ...

Algeria lines up venture for new $3 billion refinery.
April 4, 2006... Algeria's state Sonatrach expects to name a partner for a new $3 billion refinery at Tiaret, 124 miles from Arzew, at the end of July, according to a senior downstream official. Technical bids for the 300,000 barrel per day Tiaret refinery...

Qatar breaks ground on LNG projects; partners Conoco, Shell eye US market.
April 4, 2006... Two major liquefied natural gas (LNG) projects that will begin delivering much needed natural gas supplies to the US later in the decade broke ground in Qatar over the weekend, partners ConocoPhillips and Royal Dutch Shell said Monday. ...

Speed of LNG plans to decide coal's fate.
April 4, 2006... The future of natural gas-fired power generation in the US hinges on just how quickly significant amounts of liquefied natural gas (LNG) begin to flow into the country. Speaking Monday at the sixth annual LDC Forum Southeast in Atlanta, an...

Duke mulls gas unit sale.(Corporate News)(Duke Energy Corp closed merger with Cinergy)(Brief article)
April 4, 2006... Duke Energy, which closed a merger with Cinergy on Monday, has hired a strategic adviser to explore options for the newly merged company's gas business, Duke executives said. Executives met with analysts in New York on Monday to discuss the...

Controls hurt Sinopec profit.(International)(Sinopec sales and earning)(Brief article)
April 4, 2006... China's top refiner Sinopec saw its finances dragged down by high oil prices last year, with net income rising only 14% to $5.1 billion (40.9 billion yuan), even after a $1.2 billion one-off payment from the government to help compensate for...

CNOOC farms-in off Australia.(International)(CNOOC Ltd. contract with BHP in order to explore)(Brief article)
April 4, 2006... CNOOC Ltd., the publicly traded subsidiary of state oil giant China National Offshore Oil Corp., said Monday that it has signed several farm-in agreements with BHP Billiton and Kerr-McGee to explore several blocks on Australia's Outer Browse...

Darwin gas tank leaking.(International)(ConocoPhillips accident)(Brief article)
April 4, 2006... A large storage tank that is part of ConocoPhillips' Darwin LNG plant in Australia has been leaking small amounts of gas vapor but has not caused the project to cease operations, a source said Monday. The company said "minute quantities of...

Angola gets offshore bids.(International)(Sociedade Nacional de Combustiveis de Angola (Sonangol ))(Brief article)
April 4, 2006... Angolan state oil firm Sonangol was scheduled Monday to open bids for its offshore Blocks 1, 5, 6, 26 and the relinquished area of Block 15. Blocks 1, 5 and 6 are in shallow waters on the lower Congo shelf and Kwanza Basin, while Blocks 15...

Stock market scorecard.(NEWS ALERT)(Petroleum industry securities)(Statistical table)
April 4, 2006... Stock Market Scorecard Close 1-Day Integrated Majors 4/3 Chg. % Chg. Norsk Hydro 141.76 +3.42 +2.47% ConocoPhillips 64.41 +1.26 +2.00 Statoil 29.03 ...

BG buoyed by LNG unit.(International)(BG Group PLC sales and earning)(Brief article)
April 4, 2006... The UK's BG Group said Monday that it performed better than expected in the first quarter of 2006, due to the strong performance of its LNG business. In a stock exchange filing, BG said its LNG business segment is expected to report a...

Venoco acquires TexCal.(Mergers & Acquisitions)(Brief article)
April 4, 2006... Oil and gas exploration company Venoco said it purchased TexCal Energy, which owns properties in Texas and California, for $456 million in cash. Venoco, which filed for an initial public offering in December, said in a statement that...

Enterprise closes plant deal.(Mergers & Acquisitions)(Enterprise Products Partners L.P. Mergers & Acquisitions Teppco)(Brief article)
April 4, 2006... Enterprise Products Partners announced Monday that has completed the $38 million acquisition of the Pioneer silica gel natural gas processing plant located near Opal, Wyoming, from an affiliate of Teppco Partners. As part of the deal,...

Forest closes Texas deal.(Mergers & Acquisitions)(Brief article)
April 4, 2006... Denver-based Forest Oil announced Monday that it has completed the acquisition of about 26,000 acres in the Cotton Valley play of East Texas from an unnamed seller for $255 million. Forest Oil officials said the acquisition will add about...

Cheniere offers Sabine capacity.(Natural Gas)(Cheniere Energy Inc contract with Sabine)(Brief article)
April 4, 2006... US LNG terminal operator Cheniere Energy has started accepting offers for 500 MMcf/d of long-term regasification capacity at its Sabine Pass terminal in Cameron Parish, Louisiana, the company said Monday. The offering period is set to end...

Husky names new CFO.(Personnel)(Doug Frasier appointed as chief financial officer)(Brief article)
April 4, 2006... Husky Energy said Monday that it has named Doug Frasier as its new vice president and chief financial officer. Prior to his appointment with Husky, Fraser held several positions with other Canadian integrated companies in senior financial...

Daewoo builds LNG carriers.(Tankers)(Daewoo Corp contract with )(Brief article)
April 4, 2006... South Korea's Daewoo Shipbuilding and Marine Engineering Co. is building two 150,900-cubic meter LNG carriers with onboard regasification units to be delivered by November 2008, the company announced Friday. The vessels will cost $379.6...

Occidental plants deeper roots in Oman.
April 5, 2006... US Occidental has moved to consolidate its growing presence in Oman, with the award Tuesday of a block in the southeast of the sultanate. Oxy shook up the Omani oil sector last year when it snatched the large Mukhaizna heavy oil field from...

Nymex, CME strike electronic pact: source.(Chicago Mercantile Exchange Inc. contract with New York Mercantile Exchange)
April 5, 2006... The New York Mercantile Exchange (Nymex) has reached a tentative agreement with the Chicago Mercantile Exchange (CME) on a deal to move Nymex energy contracts onto CME's Globex electronic trading platform, a source with knowledge of the talks...

Tidelands proposes new LNG project offshore Southern California.
April 5, 2006... San Antonio--based Tidelands Oil and Gas is proposing an LNG terminal in southern California, adding to the myriad proposals already on the table in this region renown for its vocal opposition to LNG. A fully owned subsidiary called Esperanza...

Nymex crude falls on forecasts for rising inventories.(New York Mercantile Exchange sales and earning)(Brief article)
April 5, 2006... Crude prices fell in a wave of profit-taking on Tuesday ahead of the release Wednesday of what is expected to be a bearish US inventory report. Forecasts indicating a surge in crude stocks by slightly under 1 million barrels for last week...

Daily oil & gas price review: prices for Tuesday, April 4, 2006.(Statistical table)
April 5, 2006... Crude Oil US Domestic Crudes ($/barrel) Cash/Spot Change Spot 5-Day Month- Price Avg. Ago WTS (Midland) 0.00 61.57 62.12 54.72 LLS (St. James) 0.00 67.22...

Despite Blanco's threat, MMS sets lease sale date for August 16.
April 5, 2006... The US Minerals Management Service (MMS) has set Aug. 16 as the date for its next western Gulf of Mexico lease sale, despite a threat by Louisiana Gov. Kathleen Blanco to block the auction because of a dispute between her state and the federal...

Conoco sees flat upstream output, lower refining margins in Q1.
April 5, 2006... ConocoPhillips' first-quarter results will show a strong upstream profit, but the US oil major's downstream business is expected to post lower earnings as margins dipped in the period. Conoco said Tuesday in a first-quarter interim update...

Russia, Kazakhs agree to CPC expansion.(Caspian Pipeline Consortium)
April 5, 2006... Russia and Kazakhstan have agreed to expand the capacity of the Caspian Pipeline Consortium (CPC) to 1.35 million barrels per day from around 600,000 b/d, Kazakh President Nursultan Nazarbayev said Tuesday after a meeting in Moscow with Russian...

Complete plans big IPO.(Corporate News)
April 5, 2006... Complete Production Services, which helps oil and gas companies develop hydrocarbon reserves, cut operating costs and enhance production, on Tuesday set its planned initial public offering at 21.7 million shares at an estimated price of $22 to...

Calpine to sell power plants.(Corporate News)(Brief article)
April 5, 2006... Beleaguered gas-fired power producer Calpine announced Tuesday plans to sell 20 power plants, or about a fifth of its fleet, and close offices as part of a corporate restructuring that should reduce annual costs by $100 million. Calpine...

Abraxas files to sell stock.(Corporate News)(Abraxas Petroleum Corp. sells stock)(Brief article)
April 5, 2006... Abraxas Petroleum, an independent energy company, said on Tuesday that it plans to periodically sell up to $150 million in debt securities, common and preferred stock, depositary shares, warrants, guarantees and units. The company said it...

Firms speak on climate change.(Environment)(Brief article)
April 5, 2006... A US Senate panel on Tuesday heard diverging views from electric utilities on whether Congress should slap mandatory caps on US greenhouse gas emissions, and who should foot the bill. Some utilities told the Senate Energy Committee they are...

Stock market scorecard.(Environment)(Petroleum industry securities)(Statistical table)
April 5, 2006... Stock Market Scorecard Close 1-Day Integrated Majors 4/4 Chg. % Chg. Amerada Hess 144.54 +3.82 +2.71% Shell-B 67.12 +1.42 +2.16 Marathon 78.12 ...

Saudis raise US term prices.(NEWS ALERT)(Saudi Arabian Oil Co. international trade and prices)(Brief article)
April 5, 2006... Saudi Arabia's state-owned oil company Saudi Aramco has adjusted its May term prices by widening the price differentials for crude export cargoes to Europe and Asia, while also tightening the differentials for cargoes to the US. The...

Saudi crude price differentials.(International)(Statistical table)(Brief article)
April 5, 2006... Saudi Crude Price Differentials February barrels on an f.o.b. basis ($/bbl) US Europe Asia Basis WTI Brent Oman/Dubai Extra Light May -4.00 -2.95 ...

Gazprom warms to Bolivia.(Latin America)(Brief article)
April 5, 2006... Russia's gas giant Gazprom is interested in developing oil and natural gas in Bolivia, according to the Andean country's state-owned oil company, Yacimientos Petroliferos Fiscales de Bolivia (YPFB). Gazprom representatives were in La Paz,...

Petrobras closes Paraguay deal.(Latin America)(Brief article)
April 5, 2006... Brazil's state-controlled oil company Petrobras has finalized the acquisition of Royal Dutch Shell's fuel and distribution assets in Paraguay, according to a statement from Petrobras. Shell's 134 service stations and its 52 convenience...

More gas capacity needed.(Natural Gas)(Brief article)
April 5, 2006... To help protect consumers from volatile fuel supplies, New England's regional power operator said late Monday it wants increased natural gas availability via construction of new LNG import terminals and natural gas pipelines. "In addition,...

Suez advances Florida LNG.(Natural Gas)(Suez plans to increase Liquefied natural gas)(Brief article)
April 5, 2006... France's Suez is moving forward with plans to increase its LNG receiving terminal capacity on the US East Coast. Most recently, the company has announced that a subsidiary of its North American arm, Calypso LNG, plans to build a terminal...

Firms plan Wyoming pipeline.(Pipelines)(Pacific Energy Partners plans to build a $59 million, 95-mile crude oil pipeline expansion following a 10-year transportation agreement with independent refiner Frontier Oil)(Brief article)
April 5, 2006... Pacific Energy Partners announced Tuesday plans to build a $59 million, 95-mile crude oil pipeline expansion in Wyoming following a 10-year transportation agreement with independent refiner Frontier Oil. Rocky Mountain Pipeline System, a...

US refining margins up $1.(Refining)(Brief article)
April 5, 2006... US refining margins inched up almost $1 last week to a composite of $15.15/bbl, as improvements in the Midwest and Gulf Coast regions partially offset slight declines in the East and West Coasts, according to analysts at A.G. Edwards. For the...

Meraux to return soon.(Refining)(Murphy Oil Company Ltd restart of refinery)(Brief article)
April 5, 2006... Murphy Oil's 120,000 b/d refinery in Meraux, Louisiana, is expected to return to service by the middle of April, traders said Tuesday. The restart of the refinery, which was closed by Hurricane Katrina in late August, was expected to be...

PDV hikes spending to double output.(Petroleos de Venezuela S.A.)
April 6, 2006... Venezuela's state owned oil company Petroleos de Venezuela (PDV) will invest $80 billion to $100 billion between 2006 and 2012 to meet its goal of doubling output to 5.85 million barrels per day, the country's Vice Minister of Finance Eudomar...

Statoil farms into deepwater Gulf prospects.
April 6, 2006... Norway's Statoil has planted deeper roots in the Gulf of Mexico, announcing Wednesday it has taken stakes in three deepwater prospects in the region. Statoil is acquiring minority interests in deepwater ventures located in the Walker...

Norsk Hydro brings some ideas of its own to Gulf of Mexico.
April 6, 2006... Norsk Hydro may be a newcomer to the Gulf of Mexico but the president of the company's US exploration and production subsidiary does not mind telling established players that they might need to rethink how they go about their business. ...

Rain damages Bolivia gas line.(Brief article)
April 6, 2006... Brazilian state-run oil company Petrobras said late Tuesday that oil and gas production at Bolivia's San Antonio and Margarita fields had to be reduced after intense rains damaged one of its oil pipelines. The damages occurred in a...

Large gasoline stockdraw rallies Nymex crude.(New York Mercantile Exchange)
April 6, 2006... Crude futures on the New York Mercantile Exchange (Nymex) pushed higher on Thursday on the strength of the gasoline market, which received a lift from new data from the Energy Information Administration (EIA). The EIA reported that gasoline...

Daily oil & gas price review: prices for Wednesday, April 5, 2006.(Statistical table)
April 6, 2006... Crude Oil [GRAPHIC OMITTED] US Domestic Crudes ($/barrel) Cash/Spot Change Spot Price 5-Day Avg. Month-Ago WTS (Midland) +0.91 62.48 62.09 53.86 LLS (St. James) +1.26 68.48 ...