China turns to the Americas for oil investment deals

China has added the Americas on its list of chief destinations while shopping for oil assets.  It is in for a shopping spree, looking for productive oil properties in the booming American region. Experts say that this insatiable appetite could be a boon for American consumers as China’s pursuit of oil assets may trigger growth in energy production, along with declining prices on a global scale....
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Recent Global Crude Oil Prices Moved Higher

Oil prices worldwide moved higher recently in the midst of worries regarding the continuous standoff of Iran against Western nations over its nuclear program. The main contract of New York, West Texas Intermediate (WTI) Crude prices for July delivery, rose by 20 cents to finish at $90.86 per barrel. In London, Brent North Sea crude prices for July delivery grew by 28 cents to close at $106.83...
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Asian Current Oil Prices Bounces Back from Seven-Month Lows

The current crude oil price in Asia slightly rebounded from its lowest level in seven months to reach $90 a barrel in the midst of indications that the economy of China is slowing down. The benchmark oil price for delivery in July was higher by 3 cents to reach $90.2 per barrel in midday electronic trading in the NYMEX. The contract dropped by $1.95 cents to end at $89.90, a low not seen since...
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Lower Gasoline Prices Not Enough to Boost Memorial Day Weekend Travel

Lower gasoline prices will not be enough for Americans to take a road trip this summer. They are still very concerned about the economy and their jobs. Tourism experts as well as economists are anticipating only a slight rise in the number of summer travelers this year compared to previous years. Gasoline prices have dropped, but they are still high enough for Americans to stay off the road....
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IBM helps grow oil investment through data management

IBM is very much aware of the ever-growing volume of oil and gas data that has flooded the oil industry, as a result the company has endeavored to help oil businesses cope with this problem by putting together 5,000 technical specialists stationed among the world’s oil-rich basins. IBM believes that widespread availability of huge data resources is a good things, but what is more important is...
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