December 2009 Archive

Oil prices trading lower after loosing two percent Monday

The price of crude oil is trading lower after loosing around two percent on Monday's session. US Light crude oil futures for January 2010 delivery fell 2 percent, or $1.54, ...

Brent oil price trading around $76 on weaker US dollar

Brent oil prices are trading around the $76 mark a barrel in Asian trade on Tuesday mainly on US dollar weakness as Brent North Sea crude oil futures for January ...

Light oil price trading around $74 on softer US dollar

US Light oil prices are trading around the $74 mark on Tuesday after a 2 percent fall yesterday, supported by a softer US dollar, but forecasts for a build in ...

IEA future oil forecasts stir debate, World Energy Outlook

The IEA recently released its World Energy Outlook (WEO), an annual long term forecast for energy and the oil market and this year's WEO raises questions as much as it ...

Ecuador issues a warning to foreign oil companies

Ecuador's President Rafael Correa has given foreign oil companies operating in the country a March 2010 deadline to sign new contracts, before he will change the 'rules of the game ...

Nigeria oil production increase a problem for OPEC members

Increase in Nigeria’s oil production may reduce pressure on premium benchmark prices and cause a problem for OPEC members, according to an expert. An internationally acclaimed energy expert, Mr. Vincent ...

Oil Prices