Thursday, February 19, 2009

Crude Oil Increases On Lower Inventory, Petrobras Next Up For Chinese Loan"


"Crude Oil Jumps After Report Shows Unexpected Decline in U.S. Inventories"
Crude oil rose more than 10 percent in New York after a U.S. government report showed an unexpected drop in inventories....Complete Story

"Petrobras Signs a $10 Billion Loan Agreement With China Development Bank"
Petroleo Brasileiro SA signed a loan agreement for $10 billion with China’s Development bank, Chief Executive Officer Jose Sergio Gabrielli said today....Complete Story

"Majority of OPEC Governors Against Cut in March"
The majority of OPEC governors are opposed to a new output reduction being decided at a scheduled conference of the group in March but may support a 1.6 million barrels a day cut later, according to a Dow Jones News report....Complete Story

"Low Oil Prices Set to Delay Chevron Project in Cambodia"
Falling oil prices are likely to delay U.S. oil giant Chevron's development of Block A near southwestern Cambodia....Complete Story

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