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The Search for a Reserve CurrencyApr 19, 2010Currency, like all forms of abstract value, is based on trust. And trust itself is based - except among the most naïve - on experience, and the repetitive demonstration of fidelity.......
Crude oil still stuck at $80; natural gas falls below $4Mar 29, 2010Crude oil prices still found stubborn resistance above the $80-a-barrel level amid concerns about demand while natural gas continued its decline, to below $4 per million British thermal units, as burgeoning supply from unconventional sources depressed prices.
Crude Prices Stagnate Amid Doubts About Global DemandMar 15, 2010Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the week, with the benchmark West Texas Intermediate settling on Friday at $81.24 a barrel, compared with $81.50 a week ago.
U.S. Jobs Data Propels Crude Oil Above $80 a BarrelMar 9, 2010Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex’s benchmark West Texas Intermediate settled Friday at $81.50 a barrel, a seven-week high, after topping $82 in intraday trading.
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Crude Oil Hits Ceiling in Week as Hedge Funds Attack EuroMar 1, 2010Oil Market Summary for 02/22/2010 to 02/26/2010
Crude Oil Prices Take a Dive After a Week of GainsFeb 15, 2010Crude oil prices took a dive on Friday after a week of gains from U.S. blizzards were undercut by another move in China to tighten monetary policy. China’s central bank raised reserve requirements for its banks for the second time this year as it tries to curb lending and avoid asset bubbles from
Oil Prices Fall Sharply as General Market Sells OffFeb 8, 2010After starting the week on a firmer note, oil prices fell sharply toward the end of the week in a general market sell-off as investors sought the dollar as a safe haven amid worries about European Union economies.
Despite strong GDP Growth Energy Prices Sink LowerFeb 1, 2010Crude oil futures slipped below $73 a barrel for West Texas Intermediate late Friday as a temporary boost from strong GDP figures failed to last and let prices sink to a one-month low.Earlier in the week, China, weak refinery demand and...
Oil Market Summary for 01/11/2010 – 01/15/2010 from Oilprice.comJan 18, 2010Crude oil futures fell for five straight sessions as warmer weather in the U.S. dispelled forecasts of unusually low temperatures and allowed concerns about demand to come to the fore. The price for Nymex’s West Texas crude fell about 6% during the week....
ICE Brent crude futures contract sets open interest recordJan 14, 2010IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, reported new open
Platts begins daily ESPO price assessments for East-Bound Russian OilDec 17, 2009Platts, the energy information arm of The McGraw-Hill Companies, has began publishing on a daily basis an official price assessment for the new ESPO crude
Artumas executes farm-out of Tanzanian, Mozambique aAssetsSep 21, 2009Artumas says that the farm-out of its Mnazi Bay Production Sharing Agreement (PSA), its Area 1 Offshore Rovuma Block and its Onshore
Oil demand rise in 2010Sep 17, 2009Out from the last report from Opec, they see that the oil demand for 2010 will rise.....
Oil price lifts gloom; energy stocks riseAug 3, 2009The price of oil has doubled since its $35 low of December 2008, and the commodity’s ascent has sparked a strong start on the world’s ...
"Drill slump" vs "demand doldrum"Jul 13, 2009Comment
Opec’s recent focus on “demand security” — as opposed to Europe and the United States’ “supply security” — appears increasingly more relevant, with the main ... By Shannon Combs
Oil price stops weeklong slide; stocks upJul 7, 2009The price of oil regained some ground Tuesday after falling $10 dollars in just over a week to $63, or still about $25 over the “minimum price”said to be ...
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