Petroleum News

MARKET WATCH: Crude price climbs above $144/bbl Crude prices hit new record highs July 2 and continued climbing in after-hours electronic trading after the Department of Energy reported a larger-than-expected fall in crude inventories. Petrobras revising projects for new business plan The CEO of Brazil's Petrobras, revisiting proposed changes in the country's oil law, said the state firm will present a new business plan later this year. Enterra appoints new president, CEO Enterra Energy Corp. has appointed Don Klapko as president, chief executive officer, and a director of the company.