Enterra Energy Trust’s (”Enterra”, “We”, “Our” or the “Trust”) annual credit facility renewal process has been completed with its Bank Syndicate lenders, The Bank of Nova Scotia, HSBC Bank Canada and Union Bank of California. The credit facility revolving period has been renewed until June 25, 2010 and has a further one year term out [...]
PERTH (Reuters) – Oil prices fell toward $61 a barrel on Monday, shedding some of the previous session’s gains, on growing risk aversion after North Korea said it had successfully conducted a nuclear test.
Still, prices hovered around a six-month high, as a weak U.S. dollar and expectations the Organization of the Petroleum Exporting Countries (OPEC) [...]
NEW YORK, May 22 (Reuters) - The number of rigs drilling for natural gas in the United States fell by 17 to 711 this week, the lowest level in nearly 6-1/2 years, according to a report issued Friday by oil services firm Baker Hughes in Houston.
U.S. natural gas drilling rigs have been in a [...]
NEW YORK (Reuters) - The average price for a gallon of gasoline in the United States increased nearly 25 cents in the past three weeks on a rise in crude oil prices, according to the Lundberg survey released on Sunday.
The average national price for self-serve, regular, unleaded gasoline was $2.3010 a gallon on May 15, [...]
The average price of gasoline in the U.S. jumped 2.8 cents overnight to $2.169 for regular Friday, an enormous leap by recent standards.
The average is up 12.2 cents the past month, after having seemed stuck around $2.
But the sudden move is unlikely to be harbinger of a record year.
The jump in pump price reflects even [...]
May 8 (Bloomberg) — Crude oil rose to the highest level since November after a report showed that the U.S. cut fewer jobs than forecast in April, a signal that the worst of the recession has passed and fuel demand may rebound.
Oil prices gained 10 percent this week as reports on U.S. home sales [...]
WASHINGTON D.C.: President Barack Obama’s budget plan could have a major effect on oil and gas companies, cutting back on tax breaks and royalty relief for the industry.
The budget proposal will use a new excise tax on offshore oil and gas production in the Gulf of Mexico to close what the administration termed “loopholes that [...]
NEW YORK (AP) — Oil prices wavered Thursday as the nation’s employment picture darkened and consumers pulled back on spending.
Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose 2 cents to settle at $50.80 a barrel on the [...]
WASHINGTON, April 27 (Reuters) - The average retail price for U.S. gasoline fell a penny over the last week to $2.05 a gallon, backing off its highest pump price so far for the year, the Energy Department said on Monday.
The national price for regular unleaded gasoline is down $1.55 from a year ago, the [...]
CUMBERLAND — For the first time in nearly five months, the national average price of gasoline increased to more than $2 a gallon, at $2.01 a gallon Thursday.
The last time gas prices were at this level was the week before Thanksgiving when the national average fell to $2.02 a gallon. The price had remained below [...]
