Oil prices trading steady as Iran/Iraq tension eases

Oil prices are trading steady in Asia on Monday as tensions between the two oil giants, Iran and Iraq, relieved after the former withdrew from an oil well in East ...

Arab states to keep spending in 2010 as oil prices up

Gulf Arab states are likely to keep their large spending packages in place for 2010, even as major economies withdraw stimulus, as higher oil prices give the world's top oil ...

Oil company Shell plans to sell Nigerian oil fields

Royal Dutch Shell has put Nigerian oil fields worth $5bn up for sale as it seeks to reduce its reliance on the African country, where the government is making it ...

OPEC crude oil output unchanged for December

OPEC will maintain its current crude oil output level when its meets in Angola on Tuesday, according to the Chakib Khalil, the Algerian Energy Minister.“There will be no change in ...

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 ...

US Light oil prices climb up in Asia trading on Friday

US Light oil prices are trading slightly higher in Asia on Friday, getting some support from a weaker US dollar and strengthening demand in the US, the world's biggest energy ...

Oil prices trading higher on colder weather in US and Europe

Crude oil prices rose during Asian trading Friday as investors bet that colder than normal temperatures in the US and Europe would spur a drawdown in bloated oil product stockpiles, ...

Brent crude oil trading higher on latest US data

Brent crude oil prices are trading higher on Friday on optimism fuel demand will increase amid improved prospects for an economic recovery in the US. Brent crude oil futures for ...

Peak oil , the end of the oil age is coming?

A peak oil story from Examiner - The end of the oil age is comingChuck Taylor has held senior management positions with Nabisco Brands, Ryder System Inc., Burlington Northern/Santa Fe ...

OPEC set to keep oil output steady, bets on US economy

OPEC is expected to keep oil output steady when it meets in Angola next week, rounding off a year of stable supply policy, as it bets US economic recovery and ...

OPEC is cautious on crude oil demand for 2010

OPEC has lifted its 2010 forecast for global crude oil demand, just a week before it's due to meet for the final time this year to discuss production and pricing. ...

Light oil prices trading higher on US dollar, oil supply

Light crude oil prices pull back near €72 a barrel in trading on Thursday as the US dollar's surge to a three month high against the euro outweighed a surprisingly ...

JP Morgan says speculators don’t cause oil price swings

Over ninety percent of the market swings in oil prices since 2006 were due to supply shocks, not price speculation, JP Morgan said Wednesday in a study that questions tough ...

Oil prices trading higher, eyes on the Dollar Index

Oil prices are trading higher back to near $72 a barrel on Thursday, as the US dollar's (Dollar Index) surge to a three month high against the euro outweighed a ...
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