Wednesday, February 4, 2009

Crude Oil Industry Headline News For Wednesday


"Pan-European Oil Pipeline in Doubt"
An oil pipeline linking the Caspian basin and Italy by 2012 appears to be in doubt due to a lack of clear commitment from partner countries Croatia, Romania, Serbia, Slovenia and Italy.....Complete Story

"Oil Declines After Report Shows Larger Than Expected U.S. Inventory Gain"
Crude oil fell after a government report showed that U.S. inventories jumped more than twice what analysts forecast....Complete Story

"Petrobras to Sell 10-Year Bonds on Market Gabrielli Called Too Expensive"
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, is selling dollar bonds today, a week after Chief Executive Officer Jose Sergio Gabrielli said he put off plans to issue debt because international markets are "too expensive"....Complete Story

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