India and China battle over Russian oil
India is fighting China in the battle for Russian oil by angling for a supply deal and a stake in Yuganskneftegaz, the oil unit that was seized from Yukos and is now owned by Rosneft, the state oil company.
Oil bulls shrug off winter discontent
Oil and stocks both finished higher last week. They may not be able to move in tandem for ever. But the long-term oil bulls aren’t backing off.
Rig Game
HOUSTON – Want to drill an oil or gas well? Get in line. After a stunning 2004, this year looks to be even better for drilling companies. And 2006 could top them both, if prices stay high.
Russia bans foriegn control of resources – rest of BRIC to follow?
Foreign-controlled companies in Russia will no longer be allowed to develop major natural resource deposits, Russian Natural Resources Minister Yuri Trutnev said on Feb. 10.
The Precautionary Principle
On the energy front, policy makers don’t know about, have forgotten about, have deliberately ignored, or decided to throw out The Precautionary Principle. And in doing so, they are jeopardising the future of the planet
Big Oil’s Burden of Too Much Cash
Even as fears of shortages grow throughout the world and prices remain high, the cash-rich oil companies are not pouring a large portion of their money into their basic business: drilling for oil. Indeed, oil executives, in their second straight year of rising profits, are finding that too much money is chasing too few oil fields.
BP reserves decline, profits soar
Under the stricter SEC rules, BP replaced only 89 per cent of the barrels it produced. Excluding joint ventures, notably its Russian acquisition TNK-BP, BP’s replacement ratio falls to 78 per cent.
Investment 2005: Assessing the Petroleum Factor
If 2005 were a conventional economic environment, we could invest as we have in the past. Look for industry and market trends, check out the economic indicators, keep an eye on the politicians, and then – with this information in hand – evaluate individual stocks and bonds. But 2005 is not a conventional economic environment. The old rules of investing are useful, but they ignore an essential truth – petroleum has become a wild card.
Oil stocks will keep falling: IEA
Oil stocks in industrialized nations fell sharply in December and should keep dropping in the first quarter.
Top Russian Arms Exporter Offers Weapons for Oil and Gas
Russia says it plans to sell weapons in exchange for oil and gas, a Russian news agency reported.
China and the Final War for Resources
In order for China to become a dominant global power over the United States, “The Final War over Resources”, must be won, states a 1999 report by 2 Chinese People’s Liberation Army Colonels.
IEA: Oil Demand Growing Faster than Supply
In its monthly Oil Market Report, the IEA again revised upward its estimate for growth in global oil demand, while noting that oil supply dropped in January.
