Oil trading up around 3 percent on stronger US dollar

Oil prices are trading up around 3 percent at close on Wednesday as the US Dollar Index surged upward, together with a US government report showed weekly crude stockpiles fell ...

Merrill Lynch say Brent oil prices to average $85 in 2010

Brent oil prices will likely be trading up to $85 a barrel in 2010 and surge to more than $100 before 2011, Bank of America Merrill Lynch said Monday in ...

Oil prices trading higher for first time in nine days

Oil prices rose in trading on Tuesday for the first time in nine days with both OPEC and the IEA predicting energy demand will rebound faster than it had previously ...

SMT reports geoscientists see future increases in oil prices

SMT, a US leader in geoscientific interpretation software anticipate the price of crude oil will remain between $50 and $100 per barrel in 2010, but climb beyond $100 by 2014. ...

Oil companies Shell, Petronas face up to problems in Iraq

"Major infrastructure constraints" are one of the key factors at play for foreign oil companies Shell and Petronas face going through the licensing rounds to develop oil fields in Iraq, ...

Nigeria and Iraq to boost OPEC oil output 8 percent by 2014

OPEC will expand its oil output by 8.2 percent to almost 37 million barrels a day by 2014 on growth in Nigeria and Iraq, the IEA said. OPEC member countries ...

Oil prices hold in Asian trading as regional demand picks up

Oil prices are holding their current trading price in Asia markets on Tuesday, awaiting the latest set of data to come out of the US. New York's main contract, light ...

Light oil prices trading under $70 after 9 straight days of falls

US Light crude oil prices are trading steady below $70 a barrel on Tuesday, after falling for a ninth straight session the previous day to an 11-week low on persistent ...

US oil companies lose out in Iraq oil auction

US oil companies were left out in the cold last week regarding the recent Iraq oil auctions, according to a report in the Financial Times, European companies Royal Dutch Shell, ...

Brent oil prices trading around $71, heading lower?

Brent crude oil prices are trading lower around $71.57 a barrel on the London based ICE Futures Europe exchange on Monday as crude oil futures fell for a ninth day, ...

Peak oil output possible in just ten years

Fatih Birol, the chief economist of the IEA, believes that if no big new discoveries are made, "the output of conventional oil will peak in 2020 if oil demand grows ...

OPEC oil output change unlikely says Kuwait oil minister

Kuwait's oil minister said Sunday OPEC members probably won't change its production levels when it meets on December 22nd in Angola. Sheik Ahmed al-Abdullah al-Sabah made the comments to state ...

Light oil prices trading under $70, eyes on US dollar

Light oil prices headed lower for a ninth straight session in trading on Monday, but pared losses after news of a Dubai bailout, which boosted the euro against the US ...

Oil trading around $69, OPEC signals no oil output cut

Oil prices fell to near $69 a barrel in trading on Monday in Asia amid signs OPEC doesn't plan to cut crude output when it meets next week.Benchmark crude for ...

Oil bulls in the China shop, will China push oil prices higher?

Oil bulls in the China shop, will China come to the rescue of floundering crude oil prices, one way or the other? Chinese demand for oil seems to be recovering ...
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