November 2009 Archive

US Light oil price trading through $78 Tuesday

US Light oil prices edged further, trading well above $78 a barrel on Tuesday, after rising more than 1.5 percent a day ago, as oil traders weighed the impact of ...

Oil price trading higher on US manufacturing data

The price of oil has risen more than $1 a barrel after strong manufacturing data from the US increased optimism about the global economic recovery. US light crude oil prices ...

Some facts about the peak oil theory

The peak oil theory surfaced recently during an event in Santa Barbara in the US. Some people use this theory to argue against continued support for and development of our ...

Industry experts challenge the IEA on oil demand

Industry experts at the annual Oil & Money Conference in London this week challenged the latest IEA forecasts for oil demand growth. The IEA recently increased its prediction for global ...

OPEC member countries oil output fell in October

OPEC oil output fell in October, due to lower output from member countries Nigeria, Saudi Arabia, and Iraq. Iraqi output slipped because of a one week shutdown of Iraq's pipeline ...

Oil Prices