---
title: "International Oil"
url: https://independentstockanalysis.com/international-oil/
description: "Oil Rises a Second Day as U.S. Inventories Decline, ECB Meets at Bloomberg . Blackout Highlights India’s Diesel Dependence at the WSJ . “NLG…"
published: 2012-08-02
updated: 2012-08-02
---

# International Oil

Published 2012-08-02

Posted on

by

J.J. Butler

Oil Rises a Second Day as U.S. Inventories Decline, ECB Meets at [Bloomberg](http://www.bloomberg.com/news/2012-08-02/oil-fluctuates-after-biggest-gain-in-two-weeks-before-ecb-meets.html).

Blackout Highlights India’s Diesel Dependence at the [WSJ](http://online.wsj.com/article/SB10000872396390444320704577564520074797612.html?mod=WSJ_Energy_leftHeadlines).

“NLG Bloodbath…rippling across the oil and gas industry” at [Bloomberg](http://www.bloomberg.com/news/2012-08-01/gas-liquids-bloodbath-brings-shale-pain-to-oil-market.html).

Devon JV’s some Permian acreage. Remember, *time* *value* is a key componet in these deals. [Rigzone](http://www.rigzone.com/news/article.asp?hpf=1&a_id=119750)

“Anadarko also set a record with a weekly net production rate of 32,300 boe/d in the quarter. Gross processed production is approaching 100,000 boe/d.” [Eagle Ford Shale](http://eaglefordshale.com/news/anadarko-q2-results/)

Mississippi lime play sprawls northward into Nebraska at the [Oil & Gas Journal](http://www.ogj.com/articles/2012/08/mississippi-lime-play-sprawls-northward-into-nebraska.html).

Nexen bid part of China’s plan to become resources powerhouse at [US News](http://www.usnews.com/news/articles/2012/07/27/in-canada-china-sees-greater-opportunities-to-secure-oil-reserves). China’s Energy Grab Is About Know-How, Not Resources at [Business Week](http://www.businessweek.com/articles/2012-07-30/chinas-energy-grab-is-about-know-how-not-resources). Never mind Nexen is a Canadian company with only 10% of its assets in the U.S. and most of its properties flung throughout the rest of the world, U.S. senator urges Washington to use China’s bid for Nexen as leverage at [Globe and Mail](http://www.theglobeandmail.com/report-on-business/international-business/asian-pacific-business/nexen-bid-part-of-chinas-plan-to-become-resources-powerhouse/article4436971/). Perhaps Keystone pipeline politics plays into this too.

The last 50 S&P points were based on European promises. This morning they show their cards.