Archive | December, 2012

Current Oil Price Gains on Last Attempt to Reach Budget Deal

The current price of oil gained 27 cents on Washington’s last attempt to reach a budget agreement to stop the fiscal cliff.

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National Gasoline Price Average Gains after Weeks of Consecutive Declines

The national average price of gasoline gained after falling for almost three straight weeks.

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Woodside Announces 50 Percent Oil Investment in Myanmar Exploration Block

Woodisde Petroleum of Australia Purchases 50 Percent Stake in Myanmar’s Second Oil and Gas Exploration Block.

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US Benchmark Rises with Developments on Washington Negotiations

West Texas Intermediate crude price slightly rises after reports of progress on Washington talks regarding the fiscal cliff.

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Rialto Obtains Approval for Accra Oil Exploration

Rialto Energy receives approval to start oil exploration on the Accra Contract Block with a 12.5 percent investment stake.

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Current Oil Prices Bounce Before Fed Meeting

Current oil prices jumped up and down prior to the meeting of the Federal Reserve

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