2012 Oil Market Outlook
Iran’s saber-rattling in the Persian Gulf kicks off what could be a volatile year for oil markets.
Continue reading "2012 Oil Market Outlook"
Iran’s saber-rattling in the Persian Gulf kicks off what could be a volatile year for oil markets.
Continue reading "2012 Oil Market Outlook"
Monday, October 3, 2011
Total and Eni among the first foreign firms to restart operations in Libya, while others await developments.
Continue reading "Foreign Oil Companies Resume Production in Libya"
Monday, June 27, 2011
Short-term price cut may boost ailing economies, but resulting friction with the oil cartel could have long-term implications on price stability.
Continue reading "IEA Stockpile Release Riles OPEC"
Monday, March 28, 2011
Oil prices eased modestly early on March 28 after advancing rebels in Libya announced that they would be able to resume crude exports in a week and Qatar promised to help them market their product on world markets.The price remains 8 percent higher than it was a month ago, and 30 percent higher than a year ago, challenging global economic recovery.
Continue reading "Oil Prices to be Volatile"
Thursday, February 24, 2011
Reuters reports that Saudi Arabia is in conversation with European companies affected by Libyan unrest.
Continue reading "Saudi in Talks to Fill Libya Oil Gap-Sources"
Monday, January 24, 2011
International Energy Agency last week indicated that “three digit oil prices risk damaging” the economic recovery, offering a message that OPEC should raise output; however, OPEC responded the same day by saying that global supplies are sufficient to meet demand.
Continue reading "Increasing Oil Production Pressures"
Wednesday, December 8, 2010
Reuters Africa reports that OPEC appears unlikely to raise oil supply limits to cap an oil price rally when it meets in Quito on Saturday.
Continue reading "OPEC will not lift output to cap oil price rise"
Monday, November 1, 2010
The Wall Street Journal reports that oil prices were surging to a nearly five-month high.
Continue reading "OPEC Talks and Oil Prices Jump"
Tuesday, June 8, 2010
Oil prices gained as much as 1 percent with analysts offering further support; expecting a decline of 1 million barrels of U.S. oil supplies from 363.2 million last week. Oil inventories have not fallen nationwide for two consecutive weeks since January.
Continue reading "Oil Prices Climb on Supply Concerns and Bernanke Comments"
Tuesday, May 25, 2010
The oil spill liability could extend well beyond British Petroleum as Transocean Ltd., Halliburton Co. and Cameron International Corp. all had some exposure to this series of current events.
Continue reading "British Petroleum Oil Spill Draws Criminal Speculation"
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Monday, January 9, 2012