PTR
PTR Articles
Reuters: Profit surprises are likely for companies linked to the oil spill. Reuters: Lawsuits against Apple Inc. (NASDAQ: AAPL) and AT&T (NYSE: T) over service were certified as class...
Published:
Reuters: The US is stepping up the pressure on BP plc (NYSE: BP) as the government doubles spill estimates. Reuters: Geithner says US patience on the yuan is disappearing. Reuters: ...
Published:
Penn West Energy Trust (NYSE:PWE) is the latest beneficiary of Chinese interest in the Canadian oil sands. China Investment Corp., a state-owned sovereign wealth fund, has agreed to invest about...
Published:
Like oil refiners everywhere, China Petroleum and Chemical Co. (NYSE:SNP), better known as Sinopec, had a tough year in 2009. The company’s revenues were down nearly 7%, but EPS was up more than...
Published:
Last Updated:
Crude oil prices are back above $85 and seem ready to breach $90. The leg from $69 to $85 which began in February had hit a plateau, but optimism about the global economic recovery is likely to...
Published:
For the seventh consecutive month, Chinese demand for crude oil has increased by double digits over demand just one year ago. Demand in March grew by 12.8% year-over-year. The demand increase has...
Published:
The oil sands deposits in western Canada give the US’s closest trading partner the second largest total crude oil reserves in the world, some 175 billion barrels. Only Saudi Arabia has more. Last...
Published:
The Green movement will despise President Obama’s decision to open portions of the Gulf and offshore regions from Delaware to the Carolinas to drilling. The oil industry will love it. “To set...
Published:
Reuters: The Obama health care bill passed the House and Senate. Reuters: The Senate will begin a fight on financial reform Reuters: Arrow agreed to a buyout from Shell (RDS.A) and...
Published:
Updated throughout the day. Richard Fuld, former CEO of Lehman, feels that the 2,200 page report on the collapse of the firm “vindicates” him (NYPost) Renaissance Technologies may close two of...
Published:
Reuters: China took a hard position on the value of the yuan despite US pressure. Reuters: Google’s (GOOG) ad partners in China expressed concerns about its plans. Reuters: If banking...
Published:
Updated throughout the day. AIG (AIG) will hold back $21 million from employee bonuses (CNBC) Google (GOOG) will shut its Google.cn site in China (various) Arrow Energy will reject a $3 billion...
Published:
Reuters: The Senate reform bill gives the Fed broader powers. Reuters: Google (GOOG) says it is still talking to China, but signs point to pull-out. Reuters: Arrow will reject a bid from...
Published:
Reuters: Met Life (MET) is close to buying AIG’s (AIG) foreign insurance unit for $15.5 billion. Reuters: Subway will try to catch McDonald’s (MCD) in China by 2020. Reuters: ...
Published:
Markets in Asia fell sharply. The Nikkei fell 1.8% to 9.891, Mitsubishi UFJ (NYSE:MTU) rose. The Hang Seng fell 2.7% to 21,173. HSBC (NYSE:HBC) and PetroChina (NYSE:PTR) fell. The Shanghai Composite...
Published:
Last Updated: