October 2009 Archive

Crude oil price through $75 resistance amid OPEC’s upgrade

Crude oil prices extends strength and breaches the key resistance level of $75 a barrel as the OPEC upgraded its world energy demand forecast. WTI crude oil price surges to ...

NYMEX oil price sets new 2009 high on lower US dollar

NYMEX oil price is trading higher for a fifth day on Wednesday to a 2009 high of $75.12 a barrel, boosted by a weak dollar and surprisingly strong China trade ...

ICE Brent crude oil trading up over $73 on Wednesday

Oil prices rose further in Asian trade on Wednesday with ICE Brent crude oil futures for November delivery advanced into the $73 dollar range. Expectations that the dollar will continue ...

Oil price trading at 1 year high around $75 a barrel

NYMEX light oil prices jumped above $75 a barrel Wednesday in Asia for the first time in a year on investor optimism crude demand will improve ahead of the Christmas ...

IEA oil report for October 2009, the highlights

IEA oil report for October 2009, the highlights:Global oil demand has been revised up by 200 kb/d for 2009 and by 350 kb/d for 2010, given more optimistic IMF economic ...

Nigerian oil companies and Niger Delta Development

IF all the stakeholders in the Niger Delta region, the multi national oil companies should take the greater blame for the environmental devastation resulting from several decades of oil exploration ...

Will oil demand soon outgrow supply? Peak oil believers think so

A peak oil conference wrapping up today in Denver is sounding the alarm that oil demand will soon outgrow supply, posing a potential economic threat to the country’s economic well ...

Oil Prices