American Petro-Hunter, Inc. (OTC BB:AAPH.OB - News) (”American Petro-Hunter” or the “Company”) is very pleased to report that the Company has been informed by the operator of the Poston Prospect, S & W Oil & Gas, LLC of Wichita, that the #1 Lutters Well has been completed and the well will go into commercial production [...]
InterOil Corporation (NYSE: IOC - News; IOC:POMSoX) today announced it has closed its previously announced 2,013,815 share common stock “registered direct” offering. InterOil has received gross proceeds of U.S.$70,443,249 before deducting offering expenses.
Phil Mulacek, Chief Executive Officer of InterOil, commenting on the transaction said, “The opportunity presented by the Elk/Antelope discovery and surrounding prospects coupled [...]
InterOil Corporation today announced it has entered into a definitive agreement with a number of institutional investors to sell 2,013,815 shares of its common stock in a “registered direct” offering. The investors have agreed to purchase the shares of common stock at a purchase price of U.S.$34.98 per share, which represents a one cent premium [...]
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 (Dow Jones)–Crude futures traded lower Tuesday amid concerns that the swine flu outbreak would curb oil demand.
Light, sweet crude for June delivery traded traded $1.25, or 2.5%, lower at $48.89 a barrel the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded $1.14 lower at $49.18 a barrel.
Commodities and [...]
NEW YORK–Virent Energy Systems later this year will open a demonstration plant that will convert sugar water into the chemical equivalent of gasoline.
The company is now in the process of raising a C round of funding to build the facility in Madison, Wis., which is scheduled to be open by the third quarter of this [...]
NEW YORK (MarketWatch) — Oil futures rallied nearly 3% Tuesday to above $48 a barrel, as data showing a surge in U.S. housing starts offset expectations that U.S. crude inventories rose last week.
The rally came two days after the Organization of Petroleum Exporting Countries kept their production unchanged at a Sunday meeting but pledged [...]
NEW YORK (CNNMoney.com) — Oil prices fell Monday as investors remained concerned about a deepening recession and its impact on global demand for energy.
Light, sweet crude for March delivery settled down $1.60 at $40.08 a barrel. Prices had fallen as low as $39.83 during the session.
Crude oil prices have fallen more than $100 a barrel [...]
By Catherine Clifford, CNNMoney.com staff writer
The price of crude oil is falling on Monday as weak economic news revives investor fears about weakening demand for energy.
NEW YORK (CNNMoney.com) — Oil prices fell Monday as investors remained concerned about a deepening recession and its impact on global demand for energy.
Light sweet crude for March delivery was [...]
LONDON (Reuters) - The oil market kicked off 2009 feebly on Friday, falling nearly 8 percent before trimming back losses to around 1 percent once the U.S. market opened.
U.S. light, sweet crude fell $0.40 to $44.20 a barrel by 9:37 a.m. EST, reversing part of Wednesday’s $5.57 a barrel gains. It touched a low of [...]
