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, ...
Wednesday, November 11th, 2009
Non-Opec Supply
Non-Opec oil production will peak next year, the International Energy Agency (IEA) has announced.
The IEA also says that post-peak gas fields are declining at a rate ...
Thursday, September 10th, 2009
US light sweet crude rose $0.85 to $72.16 in Asian trading
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World oil demand is expected to grow by 900,000 barrels to 84.6million barrels per day (mbd) in 2010, and return ...
Tuesday, July 21st, 2009
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The Committee of the Indigenous Associations of Lagos State, have condemned the attack by the Movement for the Emancipation... of Niger Delta (MEND) on the Atlas Cove oil facility in ...
Tuesday, June 9th, 2009
)))The Petroleo Brasileiro consortium, in which Petrobas holds a 65% operating stake, has confirmed the potential for 5-8 billion barrels of recoverable light oil and natural gas in the pre-salt ...
Thursday, May 14th, 2009
)))))))))US crude fell $0.54 to $57.48 a barrel at 06.19 GMT, and London Brent fell $0.33 to $57.01
))))))))))OPEC members should move to enforce current quotas, the Algerian oil minister said.
The ...
Monday, April 27th, 2009
))))) The Organisation of Petroleum Exporting Countries (OPEC) has warned that the current crude oil price, which hovers around $50 per barrel is too low for continued investment.
The 12 member ...
Thursday, March 12th, 2009
Venezuela will propose a new oil output cut at the upcoming OPEC's meeting in Vienna, an official source said Wednesday.
President of the Permanent Energy Commission of the Venezuelan National Assembly, ...
Friday, February 13th, 2009
Country Nominal ($B) Real (2000$B)
2008 2009 2010 Jan 2009 2008 2009 2010 Jan 2009
Algeria $70 NA NA $3 $57 NA NA $2
Angola $68 NA NA $3 $55 NA NA ...
Wednesday, February 11th, 2009
35 Oil Projects delayed by OPEC to Boost Prices
The declining oil prices, owing to the financial crisis which erodes world demand for crude oil, has forced the Organisation of Petroleum ...
Monday, December 15th, 2008
Light, sweet crude for January delivery was up $3.24 to $49.52 a barrel in electronic trading on the New York Mercantile Exchange by mid-afternoon in Europe. The contract briefly reached ...
Thursday, November 27th, 2008
The Federal Government yesterday threatened that Nigeria may stop further cuts in crude oil production as directed by the Organisation of Petroleum Exporting Countries (OPEC) if other member countries within ...
Friday, November 21st, 2008
US light sweet crude fell to $49.62, while London-traded Brent crude fell to $48.90 a barrel. The price of oil is around two-thirds cheaper than in July, when it hit ...
Sunday, November 2nd, 2008
Up From $3.7 Billion in Third Quarter 2007Upstream earnings of $6.2 billion increase $2.8 billion on sharply higher prices for crude
Downstream profits of $1.8 billion recover from depressed level a ...
Friday, October 24th, 2008
HE Dmitry Medvedev, President of the Russian Federation and HE Abdalla Salem El Badri, Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) met on 22nd October, 2008, in ...
Friday, October 24th, 2008
The 150th (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened at OPEC Headquarters, Vienna, Austria, on 24 October 2008, under the Chairmanship of ...
Wednesday, September 10th, 2008
The 149th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Vienna, Austria, on 9th and 10th September 2008, under the Chairmanship of its ...
Monday, August 11th, 2008
Energy is vital to the U.S. and the global economy and touches nearly every aspect of daily life.
The issues surrounding America’s energy future deserve to be debated openly and honestly ...
Tuesday, June 24th, 2008
Record oil prices are due to speculative investors, the sub prime crisis and geopolitics and not the result of a supply shortage according to OPEC President, Chakib Khelil.He was quoted ...
Thursday, April 24th, 2008
The price of OPEC basket of thirteen crudes stood at 111.14 dollars a barrel on Wednesday, 23/4/08, compared with $109.92 the previous day, according to OPEC Secretariat calculations.
ISSUERS OF NEWS ...
Wednesday, April 23rd, 2008
Vienna, 23 Apr. 08--The price of OPEC basket of thirteen crudes stood at 109.92 dollars a barrel on Tuesday, compared with $108.93 the previous day, according to OPEC Secretariat calculations.
The ...
Sunday, April 13th, 2008
Vienna, 11 Apr. 08--The price of OPEC basket of thirteen crudes stood at 103.74 dollars a barrel on Thursday, compared with $102.38 the previous day, according to OPEC Secretariat calculations.
The ...
Thursday, April 3rd, 2008
Thursday, 3 April 2008
Vienna, 3 Apr. 08--The price of OPEC basket of thirteen crudes stood at 96.47 dollars a barrel on Wednesday, compared with $95.75 the previous day, according to ...
Monday, March 17th, 2008
Vienna, 17 Mar. 08--The price of OPEC basket of thirteen crudes stood at 102.88 dollars a barrel on Friday, compared with $102.39 the previous day, according to OPEC Secretariat calculations.
The ...
