January 2010 Archive

IEA to Meet CFTC and OPEC on curbing oil price speculation

The IEA is to meet with OPEC, banks and US and UK regulators in Tokyo in February 2010 to discuss limiting oil price speculation.IEA Executive Director Nobuo Tanaka said today ...

Oil and Metals Consolidate, Brace for Volatility Ahead

Commodities – EnergyCrude Faces Volatility on FOMC, Earnings, Fading StimulusCrude Oil (WTI)       $74.67        -$0.04       ...

Brent oil price under $75 on US data, bank trading curbs

Brent crude oil price is trading under $75 a barrel on Friday on London’s ICE Futures exchange as talk of bank trading curbs upset speculators and US oil inventories data ...

Light oil price trading under $76 on weak US demand

US Light oil price fell below $76 a barrel in trading on Friday in Asia, dampened by evidence of weak crude oil demand after US government figures showed the United ...

Oil prices trading down 2 percent on US bank trading curbs

Oil prices are trading down around 2 percent in Asia on Friday below $76 a barrel after talk of US bank trading curbs upset speculators, while refiners in top consumer ...

Turkey oil stock level below 90 day rule in 2009 says IEA

Turkey dipped below the IEA’s required oil stock level in October 2009, below the 90 day rule, the latest data shows, but the country expects November data to show its ...

OPEC members oil output was higher in December 2009

OPEC member countries compliance with crude oil production targets dropped to the lowest in a year in December 2009 as oil output was seen to be higher than in November.Oil ...

Jeff Rubin on Higher Future Oil Prices, $200 and up!

Jeff Rubin comments on how world oil prices are set to be trading around the $200 US dollar mark in the future. Rubin, the former Chief Economist of CIBC World ...

Brent oil price trading lower on JAL Japan Airlines

ICE Brent crude oil futures price fell by more than one percent on Wednesday, pressured by a sell off maybe linked to the bankruptcy filing of Japan Airlines (JAL) the ...

Light oil price steady at $78 range, eyes on China

US Light oil price is trading steady around the $78 mark in Asia Thursday, recovering only a sliver of the ground lost overnight on pervasive concerns that monetary tightening in ...

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