In March, this company announced that its oil and gas reserves were up 28% and rumor has it they are expecting to confirm a significant reserve discovery in the next few weeks. The stock price has already seen a 69% increase this year so you don’t want to wait to jump onboard.

Oil-consuming countries and international oil producers no longer influence oil prices, reports AFP, as a global gathering of energy elite gets underway in Rome and the price of New York oil struck a historic peak at $114.49 per barrel.

International oil majors now control a mere 6% of oil and 20% of gas reserves, according to the report. The rest is in the hands of national oil companies.

The unpalatable reality is that national producers such as Venezuela or Russia today have less need of international oil majors to help them develop their untapped reserves.