IEA sees no robust demand recovery for crude oil just yet

Demand for crude oil has yet to recover substantially from the economic crisis, the head of the IEA said on Monday, but lack of investment could lead to a supply ...

OPEC weekly oil prices drop again

The last weekly average oil prices of OPEC dropped to $66.80 US dollars per barrel, showing a reduction of $1.30 US dollars compared to the previous week, said the Vienna ...

Light crude oil prices trading below $66 in Asia, Monday

Light crude oil prices were trading back below $66 a barrel Monday in Asia as regional stock markets sank and investors eyed a slew of economic data this week that ...

Oil price falls back below $66, fuel demand may stall

Crude oil prices slipped back below $66 a barrel as declines in Asian equities raised concern a recovery in fuel demand may stall. Oil prices fell as Asian stocks traded ...

Goldman Sachs says future oil price will rise

Goldman Sachs said oil prices are likely to be higher in the future due to a recovery in demand and a decline in crude oil production, and expects European integrated ...

FSA told to clean up oil trading market

The Financial Services Authority has been told to examine its statutes to ensure it can prosecute oil trading speculators practising market abuse. The financial watchdog must also consider bringing in ...

Iran tension in the Middle East ends slump for oil

Oil prices rose for the first time in two days Friday as tensions escalated over Iran’s nuclear ambitions and Federal Reserve Chairman Ben Bernanke said he continued to support a ...

The dark secrets of the trillion dollar oil trade

With a combined capacity for 313,000 tonnes of oil, the Delta Ios and the NS Burgas supertankers were launched two months ago to criss-cross the globe in search of trade. ...

Saudi’s Naimi sees no change in OPEC output

Saudi Arabian Oil Minister Ali al-Naimi said $75 a barrel was a fair price for oil and he saw no need for OPEC to change production ahead of the group’s ...

Brent oil price rises above $65 in Asia after two day plunge

Brent oil price rises above $65, Friday trading in Asia after two day plunge in global oil prices. In London, Brent crude rose 79 cents to $65.61 on the ICE ...
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