November 2009 Archive

Brent oil price trading higher on fresh Iran tension

Brent crude oil prices rose above $78 in trading on Monday in Asia as Iran staged five days of war games, boosting tensions in the oil rich Middle East region. ...

US Light oil price trading higher, gold hits new highs

US Light oil price hit the pedal this morning and is currently trading around the $78 dollar mark as fresh tensions in Iran and a falling US dollar help both ...

Western oil companies race to seal oil deals in Nigeria

Western oil companies operating in Nigeria are racing to lock up license renewals ahead of legislation that could boost tax and royalty rates.Amid the negotiating scramble, several big players are ...

Non OPEC oil output rise reason for price fall, says Iran

Iran's oil Minister said on Sunday that the increase of crude production by non OPEC member countries has had an adverse impact on oil prices, the official IRNA news agency ...

Crude oil prices trading up on Iran, supply risk

Crude oil prices rose above $78 a barrel in early trading on Monday due to heightened tension between Iran and Western countries which raised speculation of a potential supply risk, ...

Oil Prices