Brent oil price hangs at $85 on euro & Greece debt concerns

Brent oil prices are hovering around the $85 mark in trading on Thursday as as investors grew impatient for action on the growing Greece debt crisis, which also weighed on ...

Oil market report, the IEA sees higher 2010 crude oil demand

In the latest oil market report, the IEA have raised their crude oil demand forecast increase for 2010 to 1.67 million barrels per day, up 100,000 barrels per day, as ...

Transocean, Gulf of Mexico rocked by large oil rig explosion

A large explosion in the Gulf of Mexico rocked the Deepwater Horizon oil rig, operated by Transocean off the Louisiana coast, sending spectacular bursts of flames into the sky.Three workers ...

Oil price range of $75 to $90 is fine says Kuwait Minister

Kuwait Oil Minister Sheikh Ahmad Abdullah Al-Sabah yesterday said the current oil price range is "good" and that he expected crude oil prices to remain within the $75 to $90 ...