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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tri-Valley Corp. | AMEX:TIV | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Earlier this month the IEA maintained a forecast for moderate oil demand growth this year, saying that subdued economic activity and high prices would restrain upward pressure on consumption. While noting the international economic sanctions taken against Iran, the IEA said that "more prosaic ongoing tightening in the supply/demand balance" had helped to raise prices by 20 percent since December.
Late last week Oil prices stagnated amid trader concerns that growing U.S. crude supplies reflect weak demand. The Energy Department's Energy Information Administration crude inventories rose 1.8 million barrels for the week ended March 11, 2012.
Five Star Equities releases regular market updates on the Oil & Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.fivestarequities.com and get exclusive access to our numerous stock reports and industry newsletters.
In the Natural Gas segment, a recent Bloomberg News National Poll found that the U.S. public favors greater regulation of hydraulic fracturing, a drilling technique that has reduced prices for consumers while raising environmental concerns. President Barack Obama has already said his administration would "take every possible action" to see that gas fracking is done without putting the public's health or safety at risk.
Fracking has allowed the U.S. to produce so much gas that the government may approve an export terminal after warning four years ago of a need to boost imports.
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1 Year Tri Valley Chart |
1 Month Tri Valley Chart |
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