November 2009 Archive

US Light oil price trading around $77, take a holiday

US Light oil futures price for January delivery was down to $77.30 a barrel at noon Singapore time in trading on the NYMEX on Thursday as the US takes a ...

Oil price trading around $77 amid mixed crude demand signs

Oil prices are currently trading around the $77 a barrel mark on Thursday in Asia amid mixed indications about the strength of global crude oil demand. Trading is closed Thursday ...

Oil companies in Russia and the foreign investment climate

Oil companies in Russia and the foreign investment climate. Attempting to reinvigorate Russian American business dialogue, develop bilateral energy cooperation and prospects for expanding Chevron’s investment and corporate presence in ...

IEA says China growth not seen leading to oil price rally

The IEA does not think rapid growth in Chinese oil demand will lead to a rally in crude oil prices in 2010, the agency's executive director said on Thursday. That ...

Venezuela says OPEC’s aim is for stable oil markets

Venezuela’s energy minister said on Tuesday that the focus of next month’s OPEC meeting in Angola will be ensuring stability in global oil markets.“OPEC will conduct in the Angola gathering ...

Peak oil is here, demand to outpace supply in 2010

For all peak oil fanatics , here's some news to make your day. Growing world oil use will likely outpace the rate of new supplies in 2010, eroding the huge ...

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 trading around $78, speculators eye US dollar, oil demand

Oil prices are trading around the $78 a barrel mark on Tuesday in Asia amid mixed signs about the global economy and crude oil demand.Benchmark Light crude oil futures for ...

IEA says rising oil price would hurt economic recovery

Crude oil prices would threaten a rebound in the global economy if they rise beyond current levels, the chief economist of the IEA said on Monday. "We would like to ...

OPEC sees additional 20 million barrels of daily oil demand

OPEC’s president Jose Botelho de Vasconcelos said on Monday the group sees global oil demand growing to 106 million barrels per day in the period from last year to 2030, ...

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. ...

« Previous PageNext Page »
Oil Prices