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Oil price poses threat to Jordan's stability
The sharp rise in oil prices over the past year has provided a massive economic boost for many Arab states. In Jordan, however, it has forced the government into a delicate balancing act in order to preserve political and fiscal stability. Unlike most of its neighbours, Jordan does not sit on vast oil and gas riches.
 
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Crude Oil Rises as Weak Dollar Spurs Buying And OPEC Output Falls
Crude oil rose for a second day in New York as a weak dollar prompted investors to buy commodities and OPEC output fell last month for the first time since August. Oil, gold and copper have gained as a cheaper dollar increase the appeal of commodities as a haven. The dollar has declined 7.4 percent against the euro this year and fell to a record low of $1.5846 on March 26.
 
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Crude Oil Rises More Than $2 as Gasoline Surges to a Record
Crude oil jumped more than $2 a barrel in New York and gasoline rose to a record as investors moved to commodity markets for higher returns amid forecasts that fuel stockpiles declined. The UBS Bloomberg Constant Maturity Commodity Index, which tracks 26 raw materials, gained 1.3 percent to 1470.86 today. It's up 32 percent from a year ago.
 
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Oil price hits record above $112 after US inventories
Oil prices surged to record levels above $112 a barrel after US weekly inventories data showed unexpectedly large falls crude and product stocks. Nymex May West Texas Intermediate leapt $3.65 to a record $112.15 a barrel while ICE May Brent jumped $3 to $109.34 a barrel a barrel. US crude stocks fell 3.2m barrels last week, confounding market expectations for a rise of 2.2m barrels.
 
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Crude Oil, Gasoline Climb to Records on U.S. Inventory Decline
Crude oil, gasoline and heating oil surged to records after a government report showed that U.S. supplies dropped. Crude oil inventories fell 3.15 million barrels to 316 million last week, the Energy Department said. A 2.3-million- barrel gain was forecast, according to a Bloomberg News survey. Metals futures also rose as the dollar fell against the euro, and gasoline
 
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Oil roars to record over $112 on U.S. inventory drop
Oil prices surged to a record high over $112 a barrel on Wednesday after a government report showed a sharp drop in U.S. inventories ahead of the summer driving season. U.S. crude rose $3.03 to $111.53 a barrel by 1819 GMT (7:19 p.m. British time) after peaking at $112.21, and eclipsing the previous record of $111.80 hit March 17. London Brent rose $2.69 to $109.03 a barrel after hitting an
 
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Royal Dutch Shell threatens to quit Europe over carbon charging proposals
Royal Dutch Shell, the world's second-largest oil company, threatened yesterday to stop investing in Europe if it is forced to pay for emissions permits that have previously been free. Christian Balme, a Shell France director, told the European Parliament that if the EU moved towards a system in which emission quotas were auctioned, it would destroy Shell's profitability in Europe. In Janua
 
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Fears emerge over Russias oil output
Russian oil production has peaked and may never return to current levels, one of the country’s top energy executives has warned, fuelling concerns that the world’s biggest oil producers cannot keep up with rampant Asian demand. The warning helped on Tuesday to push crude oil prices to a fresh all-time high above $1112 a barrel, threatening to stoke inflation in many countries.
 
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Oil price hits records on supply disruptions, dollar
Oil futures surged to record highs on Tuesday, breaking through buy-stops as they extended gains on the back of supply disruptions and a weak dollar. US light crude for May delivery rose 59 cents to $112.35 a barrel at 12:02 a.m. EDT, after touching a high of $112.48 a barrel and surpassing its previous $112.21 a barrel record. US futures are up 17 percent from the start of the year.
 
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Oil Rises to Record on Mexico Terminal Closures, China Demand
Crude oil rose to a record in New York as bad weather forced the closure of export terminals in Mexico and on rising fuel demand in China, where the economy is forecast to grow by 10 percent in the first quarter. Oil climbed to $112.48 a barrel on the New York Mercantile Exchange, the highest since futures began trading in 1983. Mexico, the third largest shipper of crude to the US shut it.
 



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