February 2012
28th February 2012
QuickSilver Resources Profits Reduced but not Due to Barnett Shale!
Quicksilver Resources posted earnings of $48.9 million, or 28 cents a share, in the fourth quarter as revenues declined to $216 million on lower natural gas prices.
The numbers compared unfavorably to earnings of $331.8 million, or $1.82 per share, on revenues of $240 million in the corresponding period of 2010, when the Fort Worth-based natural gas and oil producer recorded a $494 million gain from the sale of Quicksilver Gas Services. Read more »
8th February 2012
Oil Prices Climb as Iran Threatens Supply Cut
Oil prices are rising as Iran again threatens to cut off supplies to Europe.
Iranian lawmakers are pushing a plan to stop exporting crude to Europe before the European Union begins an oil embargo this summer. The EU and the U.S. are pressuring Iran because of its nuclear program.
Benchmark U.S. crude rose $1.47 to $98.38 per barrel in New York. Brent crude, used to price foreign oil varieties, rose by 71 cents to $116.64 per barrel in London. Read more »
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