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Live Crude Oil Prices |
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| Oil price surge propels planes back to basics |
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| With oil prices hovering at close to $110 a barrel, many are betting that new technologies — biofuels, hydrogen cells and solar power among them — will solve the world's energy crisis. A large part of the airline industry, however, is looking back to basics: planes with propellers. In the market for passenger planes with fewer than 70 seats, turboprop aircraft, once condemned for the... |
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0 Comments - More Info - Bury Topic: Oil News Stories (Source: business.timesonline.co.uk)
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| Oil, Gasoline Climb to Records as Investors Move to Commodities |
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| Crude oil and gasoline rose to records as investors purchased commodities because their returns have outpaced stocks, bonds and other financial instruments. Oil climbed to $113.93 a barrel in New York, the highest since futures began trading in 1983. Rising global demand for raw materials and a weakening dollar have led to record prices this year for commodities including corn, rice and gold. |
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0 Comments - More Info - Bury Topic: Oil News Stories (Source: bloomberg.com)
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| Oil price rises above $133 on Nigeria, North Sea |
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| Oil prices rose above $133 on Monday due to lingering supply concerns from key oil producer Nigeria and a partial shut-in at the North Sea oilfields. London Brent crude rose $1.46 to $133.03 a barrel by 6:36 a.m. EDT (1036 GMT), marking a larger gain than US crude. US crude rose $1.10 cents to $133.29. Last week, it struck a record high of $135.09. |
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0 Comments - More Info - Bury Topic: The Latest Oil Price News (Source: reuters.com)
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| Oil price holding firm above $114 |
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| The price of oil has moved back above $114 a barrel as the market awaits crucial US inventory figures. US light, sweet crude oil rose to a fresh high of $114.46 after initially easing a little on Wednesday, while Brent crude gained 54 cents to $112.27. A series of supply interruptions in the US, Mexico and Nigeria pushed oil above $114 for the first time on Tuesday.
The weak dollar and con |
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0 Comments - More Info - Bury Topic: Oil News Stories (Source: news.bbc.co.uk)
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| Nigerias oil output could fall by a third |
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| Nigeria risks losing a third of its oil output by 2015 unless it finds ways to boost investment in joint ventures with foreign energy companies, an internal report by President Umaru Yar’Adua’s energy advisers warns. The progess report, seen by the Financial Times, highlights the government’s need to find ways to finance the oil industry in the country. |
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0 Comments - More Info - Bury Topic: Global Oil Supplies (Source: ft.com)
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| Oil price hovers near $115 record high |
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| Oil prices are hovering close to $115 a barrel, having crossed the record mark on Thursday after a US inventory report raised concerns about supplies. US light, sweet crude oil pulled back slightly to $114.97 in Asian trading from the previous day's $115.21 high. Brent crude hit an all time peak of $112.83 before falling back slightly.
The weak dollar has helped to draw investors towards c |
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0 Comments - More Info - Bury Topic: Oil News Stories (Source: news.bbc.co.uk)
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| Oil prices continue upward march |
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| Oil prices have crossed $116 a barrel for the first time after a militant group in Nigeria said it had attacked an oil pipeline. The news reignited US sweet, light crude, which touched $116.10, before falling back to trade above $115. It has been a volatile session for oil, which earlier had declined about $1.40 to $113.50 a barrel in New York.
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0 Comments - More Info - Bury Topic: Oil News Stories (Source: news.bbc.co.uk)
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| Oil Rises to Record on Signs Stronger Economy May Boost Demand |
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| Crude oil and gasoline climbed to records in New York amid signs that a strengthening economy may boost demand. U.S. stocks were poised for the best week since February following earnings reports from Citigroup Inc., Google Inc. and Caterpillar Inc. that exceeded analyst estimates. Refineries operated at 81.4 percent of capacity last week, the Energy Department reported... |
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0 Comments - More Info - Bury Topic: Oil News Stories (Source: bloomberg.com)
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| Oil prices and rice race to record levels |
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| In energy markets, Nymex May West Texas Intermediate hit a record $116.10 a barrel on Friday before easing back to trade 60 cents higher at $115.46, up 4.8 per cent this week. Tightening in the US market helped drive the price higher after the Energy Information Administration announced unexpectedly large declines in crude and petrol stocks. ICE June Brent added 42 cents at $112.85 a barrel.. |
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0 Comments - More Info - Bury Topic: Oil News Stories (Source: ft.com)
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| Bet on oil as the newest bubble |
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| The energy story is that the planet is running out of oil, and we must pay $115 a barrel or more or return to the Stone Age. The "peak oil" theory, a fringe doomsday scenario a few years ago, is now an investment philosophy. Like the other bubble stories, the energy tale contains substantial truth. It's just a matter of how much the truth is going to cost you. |
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0 Comments - More Info - Bury Topic: Peak Oil Concepts (Source: baltimoresun.com)
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