Opec: the worst is behind usJun 12, 2009 Opec said in a report released Friday that the worst is behind the oil markets, although some demand “destruction” would continue to mar the comeback in ...
Oil sands costs cascade underwayMay 5, 2009 The price of oil started a second day above $54 on Tuesday, with serious observers seeing $70 oil “around the corner” and even the operators of costly projects like Canada’s oil ...
Opec stays course, oil price dipsMar 16, 2009 Opec has decided not to make the deep cuts in oil production aired last week ahead of the Vienna meeting, and oil prices fell back a little on ....
IEA: demand down but outstripping supplyFeb 11, 2009 The International Energy Agency has cut its forecast for world oil demand by 570,000 barrels per day to 84.7 million barrels per day in 2009, although half a ...
Suncor stops upgrades, takes 28% lossJan 20, 2009 Oilsands developer Suncor on Tuesday posted a fourth-quarter-2008 net loss of $215 million, or down from the C$1.04 billion earnings notched for late 2007 on slumped ...
Oil, rig money fuel energy sharesJan 19, 2009 Shares in Korean-owned shipyard STX Europe — much of the former Aker Yards — lead all stock performances in Oslo on Monday, as oil’s price fall continues ...
Spot News
Canada puts energy on map An easy-to-read, interactive map of energy sources in Canada — a diverse range, oil sands to wind and geothermal — has gone online for industry users and a curious public.
Middle East to house “renewables Opec” The United Arab Emirates has been selected to house the secretariat of a new International Renewable Energy Agency, or IRENA, on the site ...
Siem new-builds hint of offshore boom Siem Offshore has raised NOK 900 million ($140.6 million) by placing shares with big name investors in and outside oil-focused Norway who now ...
More Oil Price
End of low, year-end heavy-oil reserves pricing Dec 31, 2008 Oil sands companies quoting the value of their reserves may be booking the lower winter values of their bitumen heavy crude for the last time, judging by ...
Report: “Recession shock” to become spare capacity Dec 22, 2008 Spare oil and gas production capacity is rising fast and will keep rising due to falling oil demand and supply oil companies have been working ...
Opec cuts deeper than ever Dec 17, 2008 The Organization of Petroleum Exporting Countries has agreed to cut production more than ever just weeks after a previous motion to cut, as oil prices ...
Petrobras: $35 oil no pre-salt stopper Dec 9, 2008 Backed by promises of help from sovereign wealth funds, Petrobras president Jose Sergio Gabrielli has denied analysts predictions that today’s ... By Peter Howard Wertheim
IEA: West faces increasing production decline Nov 12, 2008 The oil industry will have to produce 30 million barrels per day more by 2015 to avoid an oil-supply shortfall, the International Energy Agency said in ...
Oslo oil stocks mostly down Oct 27, 2008 Energy stocks in Oslo took a hit Monday, the first business day back in Western countries after Opec’s decision to cut oil production failed to ...
Opec opts to cut Oct 24, 2008 Opec has met in Vienna and decided to cut production across the bloc by 1.5 million barrels a day effective Nov. 1, 2008, as desert kingdom’s ...
Oil makes record $25 jump Sep 23, 2008 The price of oil made its biggest single-day gain ever on Monday, soaring a thunderclap $25 as the markets saw the U.S. government’s $700 plan to buy ...
Total, CERA eye LNG effect on oil-gas link Sep 10, 2008 The pace of worldwide project approvals for liquefied natural gas, or LNG, looks set to continue apace with demand increasing some ...
IEA chief: No oil price "relief" soon Aug 27, 2008 Oil at between $115 and $120 a barrel is “disastrous” for developing economies without hydrocarbons, and those countries can only expect ...
StatoilHydro, Oslo caught in oil’s cycle Aug 6, 2008 The slumping stock of StatoilHydro appears to be adhering to the steady lowering of the market price for a barrel of oil, a trend which has watchers ...
Opec: $500/bbl spike would be about Iran Jul 28, 2008 The price of oil could reach $500 a barrel if the U.S. dollar beginsa new slide and political tension over Iraq increases, Iranian Opec governor Mohamed Ali Khatibi ...
Oil simmers under $140 Jun 9, 2008 The price of oil percolated at around $137 a barrel Monday after reaching a record at the weekend of $138.54 on a strongest-ever ...
“Contangoed” oil soars past $133 a barrel May 22, 2008 Oil for June delivery rocketed past $133 a barrel after a four-dollar climb on Wednesday, but more starkly, oil for delivery in ...
Record oil lifts energy burse May 21, 2008 The record oil price has helped the Canadian stock market to its own highest ever mark, as energy stocks soared in Toronto to ...
Oil tops $120 May 6, 2008 The price of oil pierced the $120-a-barrel mark on Tuesday after U.S. warnings to countries doing business in Iran reached ...
Noreco notches sales record at $116/bbl May 6, 2008 Stavanger-based North Sea player Norwegian Energy Company, or Noreco, said it set a new price record for May 2008 crude ...
Oil near $120 on strikes, violence Apr 28, 2008 An attack on pipeline infrastructure in Nigeria and the forced closure of a pipeline to a U.K. refinery have helped push ...
CIBC: oil to $200 a barrel in five years Apr 25, 2008 Oil prices will ratchet up to over $200 a barrel over the next five years, leading to a dramatic reorganization of ...
