|
|
|
Latest Oil Price |
U.S. Jobs Data Propels Crude Oil Above $80 a Barrel Mar 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.
Crude Oil Hits Ceiling in Week as Hedge Funds Attack Euro Mar 1, 2010Oil Market Summary for 02/22/2010 to 02/26/2010
Crude Oil Prices Take a Dive After a Week of Gains Feb 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 Off Feb 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 Lower Feb 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.com Jan 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....
|
|
Spot News |
|
|
|
|
More Oil Price
|
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 Scandoil.com COMMENT
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 ...
Opec: the worst is behind usJun 12, 2009Opec 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, 2009The 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, 2009Opec 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, 2009The 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, 2009Oilsands 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, 2009Shares 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 ...
End of low, year-end heavy-oil reserves pricingDec 31, 2008Oil 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 capacityDec 22, 2008Spare 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 everDec 17, 2008The 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 stopperDec 9, 2008Backed 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 declineNov 12, 2008The 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 downOct 27, 2008Energy 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 cutOct 24, 2008Opec 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 ...
|
|
|
|
|
|
