September 2009 Archive

Oil price trading below $72 on easing Asian stocks, Sinopec

Oil prices are currently below $72 a barrel in thin trading on Monday, pressured by easing Asian stocks and comments by Asia's No. 1 refiner Sinopec that diesel demand China ...

Is peak oil expected this year?

Peak oil supply will be hit this year after the economic crisis and low prices in the first quarter of 2009 slashed much needed investment, a senior executive at Australian ...

OPEC raises forecasts on Azerbaijan’s oil production

According to the OPEC forecasts, oil production by the former Soviet Union countries will increase by 0.23 million bpd to 12.79 million bpd in 2009, which is higher by 71,000 ...

50% drop in new orders, trouble for oil and gas contractors

New orders for 16 surveyed key contractors to the oil and gas industry declined 52% in the first half of 2009 relative to the same period in 2008. Whereas some ...

Oil Prices