Belarus Assuages EU Fears; Agrees To Pay Part of Gazprom Debt

By Jason Simpkins Belarus eased some of the tensions with Russian oil-and-gas giant, Gazprom, Friday, by paying off part of its debt. Belarus has reportedly paid $190 million of its $456 million dept to Gazprom. The deal was a source of major relief throughout the European Union. The Gazprom-Belarus disagreement started over a supply contract negotiated […]

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Total and Imperial Oil Companies Report Decline In Profit, While Shell Sells Assets

By Jason Simpkins Two international oil companies yesterday (Thursday) reported a drop in second-quarter profits, while a third announced it was selling assets. French energy company Total (NYSE: TOT) reported a slight drop in second quarter profits. Net income fell to $4.66 billion, a 1% decline from the $4.7 billion taken in a year ago. Shares of […]

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Is Crude Oil on a Flight to $80 a Barrel?

By Jason Simpkins It appears that rising oil prices will remain a solid bet for investors – at least for the near future. Crude at $80 a barrel may be a reality sooner than we think. Amid swirling concerns about oil supplies, crude oil futures closed at a record $78.21 a barrel on the New […]

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Oil Prices Skyrocketing: Gasoline is Likely Next

By Jason Simpkins Violence in Nigeria and concerns that U.S. refiners are struggling to produce enough gasoline helped crude oil prices rise again last week, moving the price of this key commodity closer to its all-time high of $78.65. And now some analysts are predicting that $80 a barrel crude oil is well within reach. […]

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