December 2009 Archive

Spot trading of crude oil opens in Tianjin, China

China has launched its first spot trading system in Tianjin for crude oil and coke, the coal used in steel making. The exchange is part of the effort to transform ...

Libya says OPEC needs more compliance with oil targets

OPEC needs to comply more closely with its oil output targets as the market is oversupplied, the head of Libya's National Oil Corporation said on Saturday ahead of its meeting ...

Oil Prices