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DOE says it will halt filling SPR as of July 1
The US Department of Energy will not divert any more crude oil to the nation's Strategic Petroleum Reserve as soon as the current six-month contract is completed in late June, the agency said Friday. ...More...
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Negative outlook for mergers could turn around
Analysts were unanimous in agreement at the Edison Electric Institute International Utility Conference back in March 2008 that there would not be much cross-Atlantic merger and acquisition activity in the US power sector this year. More...

Calls to curb oil market speculators may spill into gas, industry fears
Talk of curbing speculative trading in petroleum markets has the potential to bleed into the gas market, according to industry insiders, who warned that, despite the historically high price of commodities, the reining in of such players could have devastating effects on energy trading. More...

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Oilgram News Executives see oil dropping under $100: KPMG survey
A majority of oil and gas executives surveyed by the KPMG consulting firm expect oil prices to fall below $100/barrel by the end of this year because fundamentals do not support prices at current levels, according to Bill Kimble, executive director of KPMG's Global Energy Initiative.
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