July 2010 Archive

Oil prices hangs under $80, future price forecast uncertain

Both Brent and Light crude oil prices end the week's trading session at four week highs although neither contract could break the $80 mark and short term future oil price ...

Lloyd’s peak oil report, supply crunch, $200 oil in 2013?

A recent Lloyd's of London reported that the world is heading for a global oil supply crunch (better known as peak oil) and that lack of oil by 2013 could ...

US President’s own peak oil comment should cause alarm

Shortly after being sworn in, the current US President commented on what many would believe to be a peak oil warning alarm bell for the US and the world."Oil is ...

Iran doesn’t want to sell oil priced in US dollars or euros

An Iranian government official voiced his intentions to reject both US dollar and euro as payment for the oil giant's energy exports in the future. Iran has the world’s second ...

OPEC members increase global crude oil demand for 2011

In it's latest report OPEC member countries forecast an 1.2% increase in global oil demand in 2011 with demand for its own crude oil to rise for the first time ...

Oil Prices