US Light oil price trading down on Dubai fears

US Light crude oil futures fell below $74 per barrel in Asia trading on Friday, as concerns about the debt crisis in Dubai, the global economic recovery and oil demand. On ...

US oil storage companies witness record capacity demand

US oil storage companies are seeing record demand for their storage facility services, yet, they don’t seem to be making the cut as far as profits from their services are ...

Credit Suisse analyst says oil prices are too high

Alexander Redman, strategist at Credit Suisse says that an oil price at $80 a barrel is inconsistent with supply and demand dynamics, inventory levels and the current macroeconomic environment. “US gasoline ...

Dubai debt fears hit oil prices, global stock markets

Oil prices sank to near $74 a barrel in trading on Friday in Asia as investors curtailed their risky bets on commodities amid uncertainty about stock markets and the global ...

Analysts say no change in oil quotas at December OPEC meeting

OPEC will not change the quotas for oil production at a forthcoming meeting December 22nd, Western analysts believes. “Oil prices are at or above the levels that the cartel believes ...

US Light oil price trading around $77, take a holiday

US Light oil futures price for January delivery was down to $77.30 a barrel at noon Singapore time in trading on the NYMEX on Thursday as the US takes a ...

Oil price trading around $77 amid mixed crude demand signs

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Oil companies in Russia and the foreign investment climate

Oil companies in Russia and the foreign investment climate. Attempting to reinvigorate Russian American business dialogue, develop bilateral energy cooperation and prospects for expanding Chevron’s investment and corporate presence in ...

IEA says China growth not seen leading to oil price rally

The IEA does not think rapid growth in Chinese oil demand will lead to a rally in crude oil prices in 2010, the agency’s executive director said on Thursday. That ...

Venezuela says OPEC’s aim is for stable oil markets

Venezuela’s energy minister said on Tuesday that the focus of next month’s OPEC meeting in Angola will be ensuring stability in global oil markets. “OPEC will conduct in the Angola gathering ...
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