Thursday, January 29, 2009

Crude Oil Industry Headline News


"Shell Remains Bullish on Long-Term Energy Prices"
Royal Dutch Shell Plc expects energy to be expensive in the long term as the world tries to meet growing demand without harming the environment, its chief executive said on Thursday....Complete Story

"OPEC Ready for Further Output Cut"
The Organization of Petroleum Exporting Countries (OPEC) stands ready to make further cuts in oil supply if prices remain subdued, the cartel's secretary general said Thursday....Complete Story

"Shell to Boost Investment Despite Oil Drop"
Oil major Royal Dutch Shell Plc plans to buck an industry-wide trend of investment cuts on the back of a $100/barrel drop in crude prices and lift its capital expenditure....Complete Story

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