December 2009 Archive

Brent oil price trading around $78, looking to US data

Brent crude oil futures price is trading slightly lower in Asian on Friday, as high crude oil inventories continued to weigh amid doubts about global economic recovery, together with uncertainty ...

Oil prices trading lower Friday, eyes on US unemployment

Oil prices slipped below $76 a barrel in trading on Friday in Asia ahead of US unemployment figures that will provide an important guide to the strength of the economic ...

Russians challenge the IEA’s gloomy energy forecast

Although a recent IEA forecast predicts a global fall in demand for commodities, the recent green lighting of the Nord Stream and South Stream pipeline projects gives the Russian energy ...

OPEC Badri, 165 million barrels of oil floating in sea

OPEC should be cautious when it meets this month to decide its oil output policy as it needs to balance signs of economic recovery and abundant supplies, the group's secretary ...

Oil Prices