During early Asian session, oil futures prices are trading above $84.50/bbl with gain of almost 0.90 percent from yesterday’s closing. Positive trend in oil prices is seen driven by both fundamental and economic stimulus in the market. That said, the lower USD also supports higher oil prices and the USD has been falling for the […]
Crude Oil after the OPEC meetings Read More »
Crude oil fell on Wednesday ahead of an OPEC policy meeting expected to leave the group’s production target unchanged, while weak economic data added to the bearish sentiment. Japan’s parliament is set to pass a special bill on Friday to allow it to provide insurance for continuing Iranian crude imports, making it the first country
OPEC Ministers Look at Production and Price of Crude Oil Read More »
Organization of Petroleum Exporting Countries (OPEC) oil output rose in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya’s production offset a drop in shipments from Iran. Supply from the 12 members of the OPEC averaged 31.26 million barrels per day (bpd), up from 31.16 million bpd
OPEC March Figures Support Increased Production Read More »
In recent years, we have witnessed the price of gasoline at the pumps diverging from its direct association to the price of oil. We also have witnessed the same with interest rates. In the US, most mortgages, personal loans, credit cards and consumer credit were tied to the Federal Reserve rates, but no longer. When
What Happens With The Price Of Crude Oil Separates From Supply And Demand Read More »
The Organization of the Petroleum Exporting Nations ‘ is forecasting a flat market for oil due to slow growth in emerging nations. OPEC s’ latest monthly outlook projects world oil demand to increase by 900,000 barrels a day unvaried from its prior report. In its prediction issued today , OPEC determined “the low rate of
OPEC’s Oil Consumption And Demand Forecast Read More »
Oil Hits A New Sterling Record On Iran Fears..But sshhh..Don’t Tell UK Motorists Feb 20, 2008 at 04:01pm New York: “The price of crude oil has scraped above the $100-a-barrel mark in recent months, but for the first time it actually closed above the psychological ceiling. Prices settled at $100.01 a barrel on the New
Oil Hits A New Sterling Record On Iran Fears Read More »
