November 2009 Archive

Gold and oil trading, the Dollar Index may point the way

Gold and oil trading, the weakening of US Dollar against a basket of G10 and EM currencies, better known as the Dollar Index, contribute to higher energy prices in US ...

Oil trading down near $76 amid weak US crude oil demand

Oil prices are currently trading down near $76 a barrel early on Wednesday in Asia as investors mulled whether signs of a sluggish US economy and weak crude oil demand ...

Oil company Faroe to join hunt for oil in Greenland

Oil company Faroe Petroleum, the Aberdeen based oil minnow, has signalled plans to move into Greenland, one of the world's hottest exploration frontiers.Faroe has pre-qualified as an operator in the ...

The IEA and the role of crude oil forecasts, market reports

A recent report about undue pressure by the US on the IEA, to distort crude oil projection figures is rather unsettling. The report, citing a whistleblower at IEA, indicated that ...

Nigeria says too much OPEC oil will lower prices

Nigeria's oil minister said on Tuesday that until the global economy recovers, OPEC has to make sure it does not put too much crude oil in the market because it ...

Oil Prices