Tuesday, January 6, 2009

Crude Oil Industry Headline News


"Smart Money Moves Back into Energy, But Carefully"
A pair of deals by Oklahoma billionaire George B. Kaiser, widely considered one of the country's savviest energy investors, could be an early sign that after a massive selloff, the smart money is getting back into the oil industry....Complete Story

"Crude Hits One-Month Highs on Gas Spat Jitters"
Crude oil futures climbed more than $2 to above the psychologically important $50 a barrel Tuesday, spurred by concerns that a reduction in Russian natural gas flows to Europe could spark an increased demand for oil....Complete Story

"Chesapeake Energy Defies Skeptics"
Chesapeake capped a busy 2008 with the $412 million sale of natural-gas production in Oklahoma and Arkansas, proving to skeptics that the company knows how to get a deal done. Total value of Cheasapeake's deals for 2008 is roughly $12 billion....Complete Story

"OPEC Cuts Biting Into Oil Cos' Output Growth Areas"
Oil majors that derive a large part of their income from production in member states of the Organization of the Petroleum Exporting Countries are finding the cartel's production cuts are....Complete Story

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