Exxon Might Have Just Made The Largest Oil Find In Two Years

[කිත්සිරි ද සිල්වාTop contributor]

ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, is a discovery that is much larger than previously expected.

The Liza field could turn out to be the largest oil discovery reported in two years and the companies say that it could cost $18 billion to develop.

Exxon describes it as a “world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels.”

That could amount to as much as half of the entire volume of oil discovered across the entire industry in 2015.

Read more

[nihal123Top contributor]

Futures 9:41 PM EDT 7/3/2016

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Crude Oil---------48.94 $

Brent Crude------50.36 $

Gold------------1350.3 $



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[nihal123Top contributor]

Futures 3:18 AM EDT 7/4/2016

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Crude Oil---------49.27 $

Brent Crude------50.70 $

Gold------------1352.7 $



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[nihal123Top contributor]

Futures 3:04 AM EDT 7/5/2016

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Crude Oil---------48.11 $

Brent Crude------49.49 $

Gold------------1346.1 $



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[nihal123Top contributor]

Futures 1:06 PM EDT 7/5/2016

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Crude Oil---------46.43 $

Brent Crude------47.62 $

Gold------------1357.5 $



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[කිත්සිරි ද සිල්වාTop contributor]

1 - Gold Climbs to Two-Year High ,

2 - Crude-Oil Gains in Tandem with Stocks.

[nihal123Top contributor]

Futures 6:47 AM EDT 7/7/2016

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Crude Oil---------47.93 $

Brent Crude------49.31$

Gold------------1366.6 $



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[nihal123Top contributor]

Futures 3:19 AM EDT 7/08/2016

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Crude Oil---------45.58 $

Brent Crude------46.93 $

Gold------------1356.4 $



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[කිත්සිරි ද සිල්වාTop contributor]

1 - Big oil is back,

2 - Oil down 5 percent to two-month lows as U.S. crude draw disappoints.

3 - The U.S. oil industry will need to hire tens of thousands of workers.

[nihal123Top contributor]

Futures 3:41 AM EDT 7/11/2016

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Crude Oil---------44.82 $

Brent Crude------46.19 $

Gold------------1360.1 $



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[nihal123Top contributor]

Futures 2:56 AM EDT 7/12/2016

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Crude Oil---------44.98 $

Brent Crude------46.56 $

Gold------------1355.5 $



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[nihal123Top contributor]

Futures 12:40 PM EDT 7/12/2016

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Crude Oil---------46.78 $

Brent Crude------48.43 $

Gold------------1332.1 $



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[nihal123Top contributor]

Futures 11:09 AM EDT 7/13/2016

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Crude Oil---------45.07 $

Brent Crude------46.48 $

Gold------------1340.3 $



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[nihal123Top contributor]

Futures 10:44 AM EDT 7/18/2016

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Crude Oil---------44.97 $

Brent Crude------48.07 $

Gold------------1331.3 $



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[කිත්සිරි ද සිල්වාTop contributor]

Fear of a glut in supply keeps the pressure on crude prices

[nihal123Top contributor]

Futures 11:55 AM EDT 7/20/2016

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Crude Oil---------45.14 $

Brent Crude------48.81 $

Gold------------1319.9 $



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[CKActive Member]

Thanks nihal for your continuous updates of this thread. We highly appreciate your efforts.

[nihal123Top contributor]

Futures 3:29 AM EDT 7/21/2016

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Crude Oil---------44.85 $

Brent Crude------48.74 $

Gold------------1318.0 $



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[කිත්සිරි ද සිල්වාTop contributor]

French giant Total S.A eyeing oil off East Coast

[nihal123Top contributor]

Futures 3:08 AM EDT 7/22/2016

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Crude Oil---------44.39 $

Brent Crude------46.00 $

Gold------------1324.5 $



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[nihal123Top contributor]

Futures 3:57 AM EDT 7/25/2016

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Crude Oil---------44.00 $

Brent Crude------45.56 $

Gold------------1324.3 $



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[nihal123Top contributor]

Futures 10:33 AM EDT 7/28/2016

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Crude Oil---------41.61 $

Brent Crude------43.13 $

Gold------------1347.2 $



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[nihal123Top contributor]

Futures 3:58 AM EDT 7/29/2016

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Crude Oil---------40.83 $

Brent Crude------42.35 $

Gold------------1339.4 $



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[nihal123Top contributor]

Futures 6:35 PM EDT 7/31/2016

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Crude Oil---------41.39 $

Brent Crude------43.31 $

Gold------------1357.3 $



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[nihal123Top contributor]

Futures 4:42 AM EDT 8/1/2016

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Crude Oil---------41.29 $

Brent Crude------43.21 $

Gold------------1356.0 $



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