November 2009 Archive

Brent oil futures down over 3 percent in roller coaster week

Brent crude oil futures for December delivery dropped $2.77 to $75.27 a barrel on the ICE Futures exchange in late Friday trading as crude oil prices erased Thursday's gains and ...

Light oil price down 3.6 percent in Friday trading

US Light crude oil price erased Thursday's gains and slumped more than 3 percent on Friday trading as US government data showed US consumer spending dropped for the first time ...

Iran sees rise in crude oil prices for 2010

Press TV reported that Mr Mohammad Ali Khatibi OPEC governor of Iran predicts a rise in crude oil prices for 2010 due to rising signs of recovery in the global ...

Oil prices down 3 percent in Friday late trading, global stocks slide

Crude oil prices fell and global stocks slid hard on late Friday trading after reports cast doubt on the US economy's recovery and questions about Citigroup Inc sparked a sell ...

Venezuela wants OPEC to maintain oil output in December

OPEC member Venezuela wants OPEC to maintain oil output/production when the group meets in December, Oil Minister Rafael Ramirez said. “For this meeting, Venezuela prefers to be cautious,” Ramirez said ...

The peak oil crisis – $80 a barrel

The peak oil crisis - Last week oil broke out of a months long trading range and surged to $82 a barrel. For many of us who remember $140 oil ...

Indian oil companies hike jet fuel prices as crude oil rises

State owned Indian oil companies on Saturday hiked jet fuel prices by nine percent to over Rs39,000 per km following recent rises in international crude oil prices. Aviation turbine fuel ...

Oil Prices