Brent oil price trading around $74 on stronger US dollar

Brent oil price is trading around the $73 to $74 mark in Asia on Wednesday as markets reacted to a strengthening US dollar. Brent North Sea crude oil futures for ...

Oil prices trading above $74 on US inventory drop, dollar

Oil prices are trading above $74 on Wednesday, helped by industry data showing a sharp drawdown in US crude oil stocks, but the firm US dollar limited gains. Crude oil ...

OPEC keeps oil output unchanged in December meeting

OPEC has kept the present level of oil output from it’s twelve member countries unchanged in it’s December meeting yesterday. Ministers of OPEC member countries decided to keep the accepted ...

Oil trading around $73 in Asia ahead of OPEC meeting

Oil prices were mixed in Asia trading on Tuesday following news that OPEC’s twelve crude oil producing countries were set to hold oil output quotas unchanged in key talks. Oil ...

OPEC meeting underway, higher oil prices in 2010?

Members of the oil producers’ body OPEC are meeting in Angola’s capital today but analysts expected the group to leave its oil production quotas unchanged.The OPEC decision could be a ...

Oil prices trading steady as Iran/Iraq tension eases

Oil prices are trading steady in Asia on Monday as tensions between the two oil giants, Iran and Iraq, relieved after the former withdrew from an oil well in East ...

Arab states to keep spending in 2010 as oil prices up

Gulf Arab states are likely to keep their large spending packages in place for 2010, even as major economies withdraw stimulus, as higher oil prices give the world’s top oil ...

Oil company Shell plans to sell Nigerian oil fields

Royal Dutch Shell has put Nigerian oil fields worth $5bn up for sale as it seeks to reduce its reliance on the African country, where the government is making it ...

OPEC crude oil output unchanged for December

OPEC will maintain its current crude oil output level when its meets in Angola on Tuesday, according to the Chakib Khalil, the Algerian Energy Minister.“There will be no change in ...

Spot trading of crude oil opens in Tianjin, China

China has launched its first spot trading system in Tianjin for crude oil and coke, the coal used in steel making. The exchange is part of the effort to transform ...
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