On Wednesday, gas rose above 80$ per barrel. The dollar continues to weaken against other currencies.
The news article is quoted as saying:
The dollar has fallen steadily for most of this year and hit a 15-month low this week, helping drive commodities higher as investors have sought hard assets to hedge against the depreciating currency.
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Read the full article: "Gas rose above 80$ per barrel"
Tuesday, November 17, 2009
On Monday, The Organization of the Petroleum Exporting Countries (OPEC) president Jose Botelho de Vasconcelos said it was still too early for the oil exporters’ group to make a decision on production changes. Global oil market still oversupplied.
The news article is quoted as saying:
The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola, [...]
Read the full article: "Too early for the oil exporters’ to..."
Friday, November 6, 2009
Flagging of its interest in the black gold this week, China National Oil Corporation secured its place in Iraq. Together with BP, it signed the first big oil deal. Why the sudden interest in oil?
Read the full article: "China & Crude: Battling New Frontiers"
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Wednesday, November 18, 2009