October 2009 Archive

Brent oil price ends Friday trading over $77, 2009 high

Brent crude oil futures ended Friday trading up around one percent, oil price at $77.15 a barrel on the ICE futures exchange, the highest price in 2009 so far and ...

US crude oil futures end Friday trading at $78.53, new year high

US crude oil futures extended gains on Friday and the price ended trading closing at the highest level in a year, lifted by a late rally in gasoline futures and ...

OPEC al-Badri says oil prices need to rise for investment

Oil prices need to rise above the current $77 a barrel price to encourage more investment by OPEC member countries, the group's Secretary General Abdullah al-Badri said on Friday.Abdullah al-Badri ...

Oil prices finish the week trading up, stocks dip lower

Oil prices finished the week trading up above $78 per barrel for the first time in a year, marking the largest weekly percentage increase in the cost of crude oil ...

Ecuador sees no reason for OPEC oil output cut in 2010

Ecuador Oil Minister Germanico Pinto sees no reason for an OPEC oil output cut in 2010 and that Ecuador sees oil prices stable next year."We've got reasonable and stable oil ...

IEA plans seminar on oil price volatility in 2010

The IEA said on Thursday it planned to open up a dialogue or seminar on oil price volatility in a seminar in Japan early in 2010 with market players and ...

New report warns of future oil shortages, peak oil 2020

A new report by a prominent energy research firm warns that the future of the world's oil supply could peak or start to dry up over the next 10 years. ...

Oil Prices