November 2009 Archive

Brent oil price set to end week trading higher

ICE Brent oil prices are set to end the week trading around a dollar higher than last week's closing price, Brent crude oil futures for January settlement was at $78.07 ...

Light oil price trading around $78 in roller coaster week

US Light oil prices are trading around the $78 a barrel mark on Friday, in another oil price roller coaster week after a strong US dollar and weak stock markets ...

Oil companies plan to curtail work in Alaska, North Slope

Two oil companies plan to cut back their investment in Alaska next year, but another is expanding. ConocoPhillips said it won't drill a new exploration well in the state next ...

IEA’s Fatih Birol recent prediction on peak oil and future oil prices

Fatih Birol clarifies the IEA’s most recent prediction that if there are no new discoveries of oil, global oil production will peak around 2020, but only if demand grows as ...

Chavez blames Venezuela economic drop on OPEC oil output cut

President Hugo Chavez said on Wednesday the Venezuela oil producer's economic slide was largely due to its compliance with OPEC mandated oil output cuts as Venezuela GDP shrank 4.5 percent ...

Oil Prices