November 2009 Archive

Oil prices trading up from last week’s low, China manufacturing up

Crude oil prices are trading up from a two week low after manufacturing in China, the world’s second biggest crude oil user, expanded at the fastest pace in 18 months.“Everything ...

Does Saudi Arabia have the clout to destroy NYMEX?

For Saudi Arabia, it is a philosophical issue that the oil pouring out of its deserts should be treated as a tangible, physical commodity – not the paper plaything of ...

Iran denies claims of violating OPEC oil output quotas

Iran's OPEC governor Mohammad-Ali Khatibi on Sunday denied the claims that Iran has been producing crude oil beyond its specified oil output quotas over the past seven months, the official ...

Oil Prices