Strong China Growth

Friday, January 22nd, 2010

Oil prices today rose above $78 a barrel following strong Chinese growth data that counterbalanced the World Bank's bleak outlook for the global economy. For the new March delivery front-month contract, ...


Libya’s Revenues Drop by 20.3%

Monday, January 18th, 2010

Libya's revenues at the Central Bank of Libya (BCL) over the first eight months of 2009 were US$22.4 billion as against US$42.7 billion over the same period in 2008, a ...


Nigeria’s Akpo oilfield

Friday, November 6th, 2009

Total, Europe’s third-biggest oil producer, increased output for the first time in more than a year after ramping up Nigeria’s Akpo oilfield and Tahiti in the Gulf. Statoil, the world’s ...


Crude oil for September 2009 delivery dropped as much as $0.48, or 0.7%, to $67.90 a barrel in after-hours electronic trading on the New York Mercantile Exchange. ;London Brent udropped as much as $0.42, or 0.6%, to $70.39 a barrel on London’s ICE Futures Europe exchange ; Liberia’s parliament ratified offshore exploration deals with Anadarko Petroleum Corp.,

Tuesday, July 28th, 2009

Eni SpA, Italy’s largest oil refiner, ended export restrictions on shipments of Nigeria’s Brass crude, the second indication in as many days that the security situation in Nigeria is easing. ...


Oil News from around the web, London Brent crude fell 74 cents to $49.25 a barrel ; Nexen said its quarterly profit fell 79%

Wednesday, April 29th, 2009

)))))Oil prices extended losses and fell towards $49 a barrel on Wednesday, as fears that the swine flu outbreak could dent fuel demand were further exacerbated by fresh worries about ...


Oil News from around the web, PetroChina posted a 36.2% fall in first-quarter earnings ; BP reported a 62% fall in first-quarter net profit

Tuesday, April 28th, 2009

)))))Oil prices fell below $49 on Tuesday, extending Monday's losses as declines on global stock markets heightened expectations of a further drop in demand for oil products. US oil futures fell ...


Daily Oil Newsbite, ONGC bags two Nigerian oil blocks

Monday, February 2nd, 2009

Nigerian oil workers threaten to stop oil export over suspected corruption Nigerian oil workers in the Department of Petroleum Resources (DPR) has  vowed to shut down Nigeria's 21 crude oil export ...


OPEC predicts further rise in oil prices

Monday, July 7th, 2008

Algiers, July 6 (Xinhua) The oil prices are likely to increase further, largely due to a weak dollar and geopolitics, Chakib Khelil, president of the Organisation of Petroleum Exporting Countries ...


UN welcomes move by Saudi to tackle ‘abnormally high’ oil prices

Monday, June 23rd, 2008

jeddah - Secretary-General Ban Ki-moon has welcomed the decision by Saudi Arabia’s King Abdullah to convene a meeting of the world’s major oil producers to discuss ways of dealing with ...


International leaders discuss high oil prices

Monday, June 23rd, 2008

 Jeddah - An energy meeting, focusing on rocketing oil prices, concluded Sunday in Saudi Arabia's Red Sea city of Jeddah, with a statement calling for "improved" transparency and regulation in ...


What is causing the high prices?

Thursday, June 12th, 2008

Violence in Nigeria (Niger Delta) Iraq War Venezuela Crisis with Oil conglomorates and the US OPEC’s inability to do anything. - Some feel the assassination of the former Pakistani Prime Minister Benazir Bhutto increased ...


Oil prices look skyward - UPI Analysis

Wednesday, March 19th, 2008

Krishnadev Calamur, Washington (UPI) Mar 18, 2008, With the plummeting dollar, geopolitical uncertainty and investor speculation all being blamed for soaring oil prices, it is unclear whether U.S. Vice President ...