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Oil news and oil widget


Tuesday, October 21, 2008 ( change date )


Copper prices limit down in Shanghai on heavy selling
Hong Kong (Platts) -- 21Oct2008 -- Copper futures prices settled at their downside limit on the Shangahi Futures Exchange Tuesday, closing at below Yuan 38,000 ($5,563)/mt on the back of heavy selling activity, local traders said. ...
platts.com Tuesday, October 21, 2008

ME oil income to hit $1.1tr
Despite a nearly 50% decline in oil prices from their July peak, the International Monetary Fund expects that oil and gas exports from the Middle East and Central Asia will amount to Dhs3.67 trillion ($1.1 trillion) this year, up from $700bn in 2007, reported Gulf News. This is almost entirely due to high world oil prices, which - even after the recent correction - are expected to average about $107 a barrel in 2008, sharply higher than the $71 a barrel in 2007.
AME Info Tuesday, October 21, 2008

Earnings of drilling giant Nabors another Ike victim
Nabors Industries, the world’s largest onshore oil and natural-gas driller, said Monday that third-quarter profit fell 3.5 percent on a one-time investment charge and Hurricane Ike damages.
Houston Chronicle Tuesday, October 21, 2008

Gold markets sink in New York; silver and PGMs see gains
New York (Platts) -- 21Oct2008 -- Gold fell heavily Tuesday morning on the COMEX division of the New York Mercantile Exchange as a stronger dollar put most exchange-traded commodities under downward pressure. Even a large inflow...
platts.com Tuesday, October 21, 2008

Lithuanian Outsourcing Opportunities for Metal and Plastic Products
During recent years Lithuania has become one of the fastest growing economies in Central and Eastern europe, with the private sector producing more than 80% of the country's GDP Lithuania joined the European Union and NATO in 2004 The country plans to introduce the Euro as a national currency in the...
researchandmarkets.com Tuesday, October 21, 2008

Business tax workshop set
The state Department of Revenue is holding a new business workshop on Nov. 25 to educate businesses that are encountering business-related tax issues for the first time.
bizjournals Tuesday, October 21, 2008

Constellation Energy Group appoints new CFO, general counsel
Constellation energy Group unveiled Tuesday changes in its top management, a month after the Baltimore energy giant agreed to acquired in a $4.7 billion deal. (BRK) (CEG)
bizjournals Tuesday, October 21, 2008

BancorpSouth net income falls 22%
BancorpSouth Inc.’s net income fell 22 percent in the third quarter as the company put more cash aside to cover expected loan losses. (BXS)
bizjournals.com Tuesday, October 21, 2008

Nektar sells some assets to Novartis for $115M
Nektar Therapeutics will sell some of its inhaled drug technology to Novartis AG for $115 million in cash. (NKTR) (NVS)
bizjournals.com Tuesday, October 21, 2008

Gas price disparity raises questions
It costs more to fill up in Buffalo than in New York City. And among those who want to know why are Rep. Brian Higgins and the AAA.
bizjournals.com Tuesday, October 21, 2008

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