Brent crude oil futures rose above $70 a barrel on Thursday, lifted by a weaker dollar and by news the IEA expected global oil demand to rise as the world's ...
Bashing speculators is a popular pastime for American politicians trying to explain high and volatile oil prices. But whether speculation has really been responsible for prices spiking is a controversial ...
Russia, fresh from a record month of oil production, will be able to invest in new fields at current crude prices and makes no apologies to OPEC for refusing to ...
Oil prices have risen above $72 a barrel following the meeting of the producers' cartel OPEC on Wednesday. OPEC decided not to change the amount of oil being produced by ...
Global demand for oil will not fall as far as expected this year, although fears of a double-dip recession still dampen optimism, the IEA said yesterday.Stronger than anticipated demand in ...
