Monday, March 30, 2009

Crude Oil Falls Most in Four Weeks as Equities Tumble, Dollar Strengthens


"Iraqi Oil Company Issues Tender To Drill 45 Wells in South Rumaila"
The South Oil Company, an affiliate of the Iraqi Oil Ministry, has issued a new tender to drill 45 oil wells in the country's southern fields in a bid to address a sharp fall in southern oil production, the oil ministry said in its Web site....Complete Story

"Crude Oil Falls Most in Four Weeks as Equities Tumble, Dollar Strengthens"
Crude oil fell the most in four weeks as tumbling equity markets signaled that the recession in major energy-consuming countries may deepen, curbing fuel use....Complete Story

"Austria’s OMV Eyes Emirate’s Oil"
After more than a decade as a partner in Abu Dhabi’s main petrochemicals venture, OMV, Austria’s biggest oil company, is ready to branch into oil and gas production in the emirate....Complete Story

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