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Oil prices jump to $89.7
(The Hindu Business Line - 31/01/2011)

World oil prices rose in the Asian trade today on fears that mounting political tensions in Egypt would disrupt supplies flowing through the Suez Canal. New York’s main contract, light sweet crude for March delivery, was up 37 cents at $89.71 per barrel.

Oil marketing cos down on higher crude prices
(Reuters - 31/01/2011)

Shares of state-run oil marketing companies were trading lower on fund selling after the international crude prices climbed near $100 per barrel, several dealers said. Brent crude futures climbed near $100 a barrel on Monday and Asian stocks fell, hit by

Oil Gains Second Day as Egyptian Protests May Disrupt Shipments
(Bloomberg - 31/01/2011)

Oil rose for a second day in New York after demonstrations in Egypt prompted concern the unrest will spread to crude-producing nations in the Middle East. Futures jumped as much as 1.7 percent after clashes between police and protesters demanding an end

ONGC Record Profit Boosts Shares, May Help Stake Sale
(Bloomberg - 31/01/2011)

Oil & Natural Gas Corp. gained in Mumbai trading after posting a record profit in the third quarter that may also increase investor confidence before a share sale likely to raise 121.2 billion rupees ($2.6 billion). ONGC rose 2.2 percent to 1,158.15

Strong Q3 numbers lift ONGC shares by 2.5% on BSE
(The Hindu Business Line - 31/01/2011)

Defying weakness in the broader market, shares of Oil and Natural Gas Corp surged by up to 2.5 per cent in early trade on the Bombay Stock Exchange on Monday powered by an over two-fold jump in the third quarter net profit. The state-run oil and gas

Crude oil futures rise on global cues
(Business Standard - 31/01/2011)

Crude oil prices rose by Rs 58 to Rs 4,499 per barrel in futures trading today as speculators enlarged their positions, supported by firming global trend. At the Multi Commodity Exchange counter, crude oil for delivery in June rose by Rs 58, or 1.31 per

Sinopec Group to raise capacity of Changling Petrochemical
(China Knowledge - 31/01/2011)

China Knowledge reported that China Petrochemical Corp, which is also known as Sinopec Group crude oil processing capacity of its subsidiary Sinopec Changling Petrochemical Co Ltd is expected to hit 8 million tonnes by the end of this year when the oil

Crude Oil Volatility Rises as Futures Surge Most Since 2009
(Bloomberg - 31/01/2011)

Oil options volatility increased as the underlying futures surged the most since September 2009 as unrest in Egypt raised concern that protests would spread to major oil-producing parts of the Middle East. Implied volatility for at-the-money options

Oil price and one-off gain fuel ONGC profit growth
(Reuters - 31/01/2011)

State explorer Oil & Natural Gas Corp said on Friday third-quarter net profit more than doubled due to rising crude oil prices and a one-time gain. The forecast-beating results were tempered as uncertainty about India's oil subsidy regime clouded the

NYMEX-Crude dips on ample stocks, dollar supports
(Reuters - 31/01/2011)

U.S. crude oil futures dipped in choppy trading on Thursday as nearby contracts took pressure from bulging inventories and data showing jobless claims rose last week, while the dollar's weakness limited losses. NYMEX crude prices slipped even as ICE

OIL FUTURES: Crude Up On Egypt Unrest; No Supply Disruption Yet
(The Wall Street Journal - 31/01/2011)

oil futures rose Monday in Asia, spurred by continued unrest in Egypt, as investors' concerns about possible disruptions to tanker shipments in the Suez Canal persisted. West Texas Intermediate futures traded at the New York Mercantile Exchange rose more

UPDATE 2-Oil price and one-off gain fuel ONGC profit growth
(Reuters - 31/01/2011)

Indian state explorer Oil & Natural Gas Corp (ONGC.BO) said on Friday third-quarter net profit more than doubled due to rising crude oil prices and a one-time gain. The forecast-beating results were tempered as uncertainty about India's oil subsidy

Crude settles at highest since October 2008
(MarketWatch - 31/01/2011)

Crude prices settled at their highest in more than two years on Monday as traders worried about protests in Egypt and, closer to home, a gauge of regional manufacturing activity came in higher than expected and the dollar was weaker. <p>For more on this

Crude Oil Gains in New York on Egyptian Protests; Brent Retreats
(Bloomberg - 31/01/2011)

Oil rose a second day in New York, extending the biggest gain in 16 months, amid concern that unrest in Egypt will spread to crude-producing nations in the Middle East. Brent crude futures fell from a 28-month high. Futures advanced as much as 1.7

Japan’s 2010 Crude Oil Imports From Russia Increases 63%
(Bloomberg - 31/01/2011)

Japan’s Russian crude oil imports rose 63 percent from a year earlier to 15.3 million kiloliters, or 96.2 million barrels, in 2010, according to data from the trade ministry. Purchases from the world’s largest oil producer accounted for 7.1 percent of

CORRECT: OIL FUTURES: Crude Steady As Egypt Protests Continue
(The Wall Street Journal - 31/01/2011)

Crude oil futures were steady Monday as unrest in Egypt showed no signs of easing and attention turned to operations at the Suez Canal, a key world energy hub. Light, sweet crude for March delivery fell 2 cents at $89.32 a barrel on the New York

Imperial Q4 profit beats street estimates
(The Calgary Herald - 31/01/2011)

Imperial Oil (TSX:IMO), one of the country’s largest refiners and producers of oil and gas, handily beat street expectations for its fourth quarter results, sending its shares to the highest in more than a year on Monday. The Calgary-based company said

Crude oil reverses higher, tracking equities
(MarketWatch - 31/01/2011)

Crude-oil futures turned higher in midmorning trading Monday, helped by a weaker dollar and rising equities. Crude for March delivery /quotes/comstock/21n!f:cl\h11 (CLH11 92.04, +2.70, +3.02%) recently traded up 26 cents, or 0.3%, to $89.60 a barrel on

Exxon Mobil’s profit climbs 53%
(MarketWatch - 31/01/2011)

Exxon Mobil Corp. said Monday that its fourth-quarter profit rose 53% to top $9 billion, marking the oil major’s richest results since the third quarter of 2008 as it benefited from higher crude-oil prices and a jump in production. <p>For more on this <a

Chinese crude oil consumption to grow in 2011 by 7pct
(Reuters - 30/01/2011)

Reuters quoted data from the China Petroleum and Chemical Industry Federation showed that China crude oil consumption is projected to grow 6.6% in 2011 down from a 13.1% pace in 2010. But the federation said natural gas consumption would continue to grow

India December oil refinery output up by 8pct YoY
(Reuters - 30/01/2011)

Indian refiners processed 8.3% more crude oil in December from a year earlier, reversing a four month declining trend. Official data showed that domestic refiners processed 3.48 million barrels per day of crude oil in December. It said that crude oil

Crude Oil Volatility Rises as Futures Drop to Eight-Week Low
(Bloomberg - 30/01/2011)

Oil options volatility increased as the underlying futures fell to an eight-week low in New York as a bigger-than-forecast gain in U.S. jobless claims bolstered concern that the economy will be slow to recover. Implied volatility for at-the-money options

U.S. crude ends down on jobless data, output talk
(Reuters - 30/01/2011)

U.S. crude oil futures prices fell nearly 2 percent on Thursday on pressure from a rise in jobless claims, Kuwaiti and International Energy Agency remarks about more output from OPEC and technical selling. U.S. crude's weakness helped ICE Brent LCOc1

OIL FUTURES: Nymex-Brent Spread Widens To More Than $12/Bbl
(MarketWatch - 30/01/2011)

Nymex crude oil futures in Asia were lower Friday, extending losses from earlier in U.S. trading, but Brent crude prices rose, widening the spread between the two grades to more than $12 a barrel. "We're in unprecedented territory with this wide spread,"

China Crude Oil Output Tops 200M Tons
(CapitalVue - 30/01/2011)

China posted a 6.9 percent year-on-year increase in crude oil output to exceed 200 million tons in 2010, reports Economic Daily, citing the China Petroleum and Chemical Industry Federation (CPCIF). A total of 36,700 large-scale enterprises in the