Mining Oil Industry

Oil Mines Prices Dubai in November 2009

November 27th, 2009 | Posted by sony | Category: Mining Oil Industry, Oil Prices | No Comments

Dubai has asked creditors of two of its flagship firms for a standstill on debt running into tens of billions of dollars as part of restructuring Dubai World, sparking fears of debt defaults that could hit other parts of the global economy and derail the fledging recovery from the global financial crisis. Oil prices extended [...]

Citigroup Global markets analyzing chart to predict price of mining

November 26th, 2009 | Posted by sony | Category: Gold Mining Industry, Mining News, Mining Oil Industry | No Comments

Citigroup Global Markets, analyzing charts that some traders use to predict price direction, said in a report Jan. 8 that “commodity markets, while still considered in a bull run, are now overheated and vulnerable to significant corrections.”
As losses mount in copper, oil and sugar, these firms say the 20 percent plunge in commodities, as measured [...]

Hyperdynamics Reports Encouraging Initial Results From Oil Seeps

November 24th, 2009 | Posted by sony | Category: Mining Oil Industry | No Comments

“We are especially encouraged by the fact that the survey was able to confirm oil slicks identified by satellite imagery, and in some cases, trace them back to their subsurface origin. Both fluid samples and drop core samples were successfully obtained from the survey, and we will be analyzing them to differentiate source rock ages,” [...]

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