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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (32425)	12/4/1998 8:07:00 AM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 95453

Crude futures rebound slightly in Asia after losses SINGAPORE, Dec 4 (Reuters) - Crude futures prices in Asia were slightly firmer on Friday, rebounding from overnight losses but failing to shrug off the bearish sentiment that has dogged the market post-OPEC all week. New York Mercantile Exchange (NYMEX) January futures were last traded at 0854 GMT at $11.28 per barrel, up nine cents from the overnight New York close. North Sea January Brent futures, trading on the Singapore International Monetary Exchange (SIMEX), were last traded at $10.24, for a gain of six cents compared with London's close overnight. Both London and New York failed to hold intraday gains on Thursday, hit by late sell orders. Traders on Friday said market sentiment remained bearish, with expectations that market reaction to single digit prices would be tested in coming sessions. January Brent dropped to a 12-year low of $10.06 per barrel on Tuesday and NYMEX January crude hit a 12-year low of $10.82 on Monday. Markets have been hit since OPEC last week failed in a meeting in Vienna to offer any fresh initiatives to bolster stubbornly low oil prices. Oil markets had at least expected the grouping to extend the current production cuts of 2.6 million barrels per day (bpd) by six months to the end of 1999. -- Singapore newsroom (+65-870-3836) fax (776-8112) --------------------------------------------------------------------------------

To: SliderOnTheBlack who wrote (32425)	12/4/1998 8:41:00 AM
From: Joseph Beltran	Read Replies (1) \| Respond to of 95453

Slider, $18.00/barrel crude will go a long ways toward curing many of the "financial" problems the world is currently facing... The U.S., Russia, etc., (of course) all know this...What event(s) will trigger or create that situation? I am sure that minds greater than ours are trying to figure that one out.

To: SliderOnTheBlack who wrote (32425)	12/5/1998 4:51:00 PM
From: Snowshoe	Read Replies (2) \| Respond to of 95453

Hi, Slider. The local paper reports today that Arco is cutting back on development at its new Alpine field. Also a comment from BP that the number of rigs drilling on the North Slope will be cut from 11 to 6 in the new year. Remember the mention of that Badami field a few months ago when BP shot off all the fireworks here? It's full of wax and producing at only 50% of the estimated rate. Our oil income continues to drop and the state budget is going to be devasted. I could just puke: U.S. Alaskan crude oil prices under pressure biz.yahoo.com Good luck with your trading/investing