December 2009 Archive

Oil prices trading higher, Iran and Dubai in spotlight

Oil prices are trading higher on Tuesday, as news from Dubai and Iran continue to push prices higher with investors nervous about the situation with Dubai World and latest tensions ...

Light oil price trading above $77 on Iran tensions

Light oil prices are trading above the $77 a barrel mark on Tuesday in Asia as Iran's detention of five British sailors threatened to raise tensions between a major crude ...

IEA says higher oil demand in 2010 and beyond

The IEA says that demand for crude oil after 2010 may increase significantly and this may pose a risk to the global recovery, chief IEA economist Fatih Birol said on ...

OPEC member countries oil output rose in November, highest in 2009

OPEC member countries crude oil output rose in November to its highest level in 2009, boosted by increased output from Nigeria, the UAE and Saudi Arabia, a Reuters survey showed ...

Oil Prices