November 2009 Archive

Light oil price trading up near $80 on EIA data, US dollar

US Light crude oil price is touching $80 a barrel in trading on Thursday after figures showed a sharp fall in US oil stockpiles last week from the latest data ...

Oil prices to trade through $80 on US data, US dollar

Oil prices hovered above $79 a barrel Thursday in Asia and could trade through the $80 level today amid mixed signals over the strength of the US and global economic ...

Brent oil price trading around $80 mark, looking higher

ICE Brent crude oil futures are currently trading around the $80 a barrel mark on Thursday and the price is looking higher as the US dollar slipped and US industry ...

Oil companies stockpiling oil, UK facing higher prices

Oil companies stockpiling oil, UK facing higher prices - The disturbing sight of a parade of oil tankers filled to capacity off the shores of the UK West Country is ...

Peak oil, the IEA and US relationship

Not many years from now, there will be a huge uproar over who missed the coming of peak oil. There will be Congressional hearings and much finger pointing and protestations ...

IEA sees higher global oil demand for 2010

The IEA this month raised its forecast for global oil demand in both 2009 and 2010 due to optimistic demand expectations in China and over developing economies in Asia and ...

The global oil market must meet OPEC’s and Russia’s needs

The structure of the global oil market and its oil pricing system must be changed to satisfy the needs both of OPEC and Russia, the single largest oil producer in ...

Oil Prices