Repsol YPF ups Argentine shale deposit potential (AP) AP - Repsol YPF on Wednesday raised the estimate for potentially recoverable oil and gas in its part of Argentina's "Vaca Muerta" (Dead Cow) basin to the equivalent of nearly 23 billion barrels, indicating a total shale deposit big enough to enable Argentina to challenge the United States in non-conventional petroleum production. BP wins exclusion of emails from oil spill trial (Reuters) Reuters - BP Plc won a court order keeping several potentially damaging emails out of a scheduled trial to determine responsibility for the 2010 Gulf of Mexico oil spill. US oil and gas M&A jumps in 2011 (AP) AP - Interest in U.S. energy companies spiked in 2011 as buyers clamored for more access to oil-rich layers of North American shale, a consulting and accounting firm said Wednesday. Oil prices rise after US supply report (AP) AP - Oil prices ended slightly higher Wednesday following government reports that U.S. supplies didn't grow as much as expected last week. Here's how energy contracts traded: US crude supplies up by 300,000 barrels last week (AP) AP - The nation's crude oil supplies rose last week, the government said Wednesday. Statoil earnings surge on higher oil, gas prices (AP) AP - Norwegian oil company Statoil ASA on Wednesday said its profits soared in the fourth quarter on higher oil and gas prices and a one-time gain from the sale of a stake in a gas transportation company. Exclusive: Trafigura deals in disputed Sudanese oil (Reuters) Reuters - Swiss-based commodities trader Trafigura has bought oil which the South Sudanese government claims was seized by Sudan, its northern neighbor and former civil war foe, industry sources told Reuters, and is now in a legal dispute over ownership. Michigan Lawmakers Explore Alternatives to Gas Tax Hike (ContributorNetwork) ContributorNetwork - Michigan's Senate Transportation Committee is hammering out a 30-bill package to address the state's extensive road and bridge repair issues. Included is a proposed gas tax hike to fund the $1.4 billion per year needed for the renovation. As the Detroit Free Press says, that portion is being pushed down the committee's agenda i...... Oil prices rise as Iran threatens EU supply cut (AP)
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AP - Oil prices hovered below $99 a barrel Thursday in Asia as U.S. crude demand lags the overall improvement in the world's biggest economy.
AP - Oil prices climbed above $98 per barrel Tuesday after Iran again threatened to cut off supplies to Europe.
