Oil business
February 21st, 2009 at 05:37pm
Under Crude oil+ Future Chain+ Oil Price 2010+ Oil business+ Oil industry+ energy prices
Crude Oil exchange is described as a free market economy because investors are not really sure whether their invested money will get any revenue or not, because of it’s volatile nature. We do not have to mention that the price of barrel of crude was just less than 7 months ago above 130 USD! Some may say that it’s a gamble but it’s also a form of a rich quick scheme when you hit the jackpot on the low levels of today. Oil exchange has this flexibility that no other investment option can offer, as quick as we go up we go down and the other way around. There’s little harm, if you look it risk-wise to start trading oil today and invest some of your savings left to take some long term oil positions.
You decide on how you will use your money when trading in oil related investments, this can be in the form of day trading or as a stored value of oil assets. You can buy big oil company shares as your form of oil investment and will gain profits if the prices of the oil company shares increase in line with the oil price when the recession comes to its end. Otherwise we advice you to trade directly in NYMEX or North sea Crude oil futures.
Even though stock and oil markets have unsure possibilities it also depends on intelligent moves taken by the oil investor himself. This is reflected on how deep the investor really knows oil market, is not really that tough to understand as many people will perceive initially but you need to investigated and do your homework. Internet has a big role in gaining knowledge of the worldwide oil & stockmarkets. On Internet you can find information related to any subject of the crude oil industry, like companies, forecasts and researches.
Moreover, your life as an oil investor will be much easier because of the use of online trading systems. Today’s oil trading process is much easier as compared with earlier system and has various advantages.
Think over today’s situation on the oil markets and reconsider if it is not the perfect time to start building your own oil related share portfolio. Many investment companies also offer oil related mutual funds. A mutual fund diversify your investment among many oil companies and you can earn easily with less risk.
By Oilism.com
January 7th, 2009 at 05:43am
Under Oil Price 2009+ Oil and gas+ Oil business+ Oil politics+ Russian Oil & Gas
KIEV – On Wednesday Russia shut down all gas deliveries intended for the European market through the pipelines in the Ukraine because of the gas conflict between Kiev and Moscow.
This is said by the Ukrainian national gas company Naftogaz. About 80 percent of Russian natural gas that is destined for Europe passes through pipelines in Ukraine.
Czech Republic
The Czech Republic is without any Russian gas. Local news agency CTK reported Wednesday all supplies of Russian gas are interrupted. Gas company RWE Transgas has taken steps to increase imports from Norway to help people who are trapped without gas.
Austria & Romania
Austria also announced Wednesday that all gas supplies from Russia are stopped. Futher more Romania reported not receiving any more gas from Russia since Wednesday. Tuesday, the gas supplies to Romania were already down by 75 percent.
Supplies
Gazprom chief executive Alexei Miller said Tuesday that if the Ukraine does not pass the gas to Europe, there is no point supplying this country with gas. Kiev and Moscow are arguing over an unpaid gas bill and the gas prices in general. Three years ago, Russia turned off the gas tap to Ukraine due a similar dispute.
Ukrainian President Viktor Yushchenko asked Russia in a letter to President Dmitri Medvedev to resume gas deliveries to European countries immediately.
Criticism EU summit on Russian oil conflict
José Manuel Barroso, President of the European Commission, thinks it is unacceptable that Russia stopped supplying oil & gas to Western Europe. Barroso said this today after consultations with German Chancellor Angela Merkel, who joined in the criticism against Russia.
Especially German and Polish refineries are the victims of the oil conflict. Russia closed yesterday by the oil Belarus to these countries. In a package of proposals from the European Commission, which will be presented tomorrow, has been clear that the EU should take action to reduce the reliance on Russia as an energy supplier. Half of the oil in Europe comes from Russia. According to a report, the European economy will crash sooner or later when the energy policies are not drastically changed. Barroso askes for joint energy policy in Europe.
By Oilism.com
July 17th, 2008 at 11:39am
Under Fuel Oil+ Oil+ Oil business+ Oil price
Today we find ourselves in a very unique position. We are facing unusually high oil hikes. Oil has become so very expensive that people are trying all kinds of extreme measures to lower the price. In fact the hike in price of oil is a bit of a controversial issue. The hike in price has affected every nation; the entire world is trying to find a way out of the soaring prices. The price hike in oil has even started the blame game between several countries. The need for oil has increased in most countries today; we really ought to find an alternative resource.
If you take a look at the last two years, you will realize that the oil prices have steadily increased. They are currently at an all time soaring high price. We may not realize it but increases in oil prices affect the economy of a country in a terrible way. Thanks to the hike in the oil prices, travel expenses have increased. Forget flying being expensive, driving your own car is very expensive. Hike in oil prices effect the regular man besides it being a problem that the government works to solve.
The rise in the oil prices are being analyzed by people all round the world. Many attribute it towards the growing unfriendly relationship between the US and Iran. Because of the dispute between these two nations, prices soar up, especially since Iran happens to be a nation that produces the most number of oil. And ofcourse another important reason for its increase is the fact that today the global demand is way more than the global supply being offered. Many developing and under developed countries are desperate for more oil to fuel their economy and yet somehow the regions producing oil don’t seem to produce enough to go meet everyone’s needs.
Higher oil prices my friend, affects everything. Right from everything produced, transported, food items, and of course your exports. Basically, life as you know it, the cheap way, will seize to exist. Everything you need to buy will increase. Oil prices leads to rise in price of more commodities than you can think of which ultimately makes one have to live a life of more expenses. The toll is seen on the common man. It is the working class that will get affected the most due to soaring high prices. Oil prices will not affect you at the gas pumps; you will find yourself paying the price for it even at your grocery store.
By Oilism.com
January 2nd, 2008 at 07:09am
Under Oil Drilling+ Oil Rig+ Oil and gas+ Oil business+ Oil company+ Oil fields
Oil explorers expect to aim more for deepwater rigs this year as shortages caused crude oil prices to triple in the world’s second-biggest market for the oil rigs. This is the tightest oil rig market not seen in a lot of years. Stated by an U.N. Executive at Oil & Natural Gas, who has spent 31 years in oil exploration.
A boom in exploration in India,the fourth-biggest Asian economy, has tripled oil rig usage over the past four years, adding to a global shortage and causing delays in tapping natural gas off the Indian east coast. Transocean, the world’s largest offshore drilling company, may raise oil rig prices further after India completes the biggest auction of offshore blocks this month.
“Most of the oil rigs in Asia are from India”, said Tony Regan, a consultant in Singapore at Nexant, a U.S.chemicals, oil and gas consultant. “The demand for oil rigs will continue in response to the new exploration rounds”. India intends to offer 55 exploration areas this month and announces a new round for more rigs in March especially to serve the hydrocarbons plants in India.
Oil explorers have drilled less than half of the 218 wells agreed under exploration licenses awarded by the government since 2000, underscoring the need for more rigs. The area covered by the licenses is the size of Texas USA. India is deploying 31 floating rigs, some able to drill holes as deep as 9,100 meters, or 30,000 feet and to 85 rigs for the United States as of November. The Asia- Pacific region accounts for 108, or 31 percent of the world’s offshore oil rigs. Explorers worldwide were using 92 percent of the offshore oil rigs deployed. The rig utilization rate in South Asia was 97.6 percent. Oil Rig rents have tripled since 2005 for new oil rig contracts stretching up to 2012 as explorers seek to decrease the delay between discovery and development and refinery to take advantage of current high oil prices.
Daily Oil Rig Costs
An offshore rig cost an average of $137,509 a day in December, compared with a worldwide average of $99,382 in January 2006. The number of rigs earning at least $300,000 a day in 2006 rose to 29. Offshore jack-up rig hiring rates have risen to as much as $200,000 a day from $40,000 a day in 2002-3. Reliance is paying $320,000 a day until August 2008 to rent the Deepwater Frontier rig, more than twice what the rig’s owner, Transocean, charged an earlier client, according to Transocean. The rent is set to rise to $477,000 a day, if Reliance extends the contract in 2008 for another three years. The increase in rig rentals has doubled the costs and delayed development at Reliance’s biggest gas discovery in the Krishna Godavari Basin. Two of Transocean’s rigs will arrive late.
Transocean, whose oil rig helped make the first Indian offshore discovery in 1974 at Mumbai High, has increased its work force in India to about 1,700 on 10 rigs, or 15 percent of the global total, from 25 workers in 2001. The company, based in Houston, plans to add three oil rigs in India the upcoming year. Transocean, the world’s largest offshore drilling contractor with 82 units, made $296 million, or 10.2 percent, of total sales from India, according to its 2005 annual report. Revenue from India more than doubled since 2003, the fastest among Transocean’s main markets. Shares of Transocean climbed 16.07 percent last year compared with a 13.61 percent increase in the Standard and Poor’s 500 Index. Transocean shares closed at $80.89 Friday, trading at a multiple of 38 times.
Oil Companies in India are entering the rig business because of the scramble for oil rigs worldwide, fueled by a boom in offshore exploration in the Gulf of Mexico and off China, West Africa and Brazil.
By Oilism.com
