Cost of Offshore Drilling Rising as Fast as Oil PricesPrice of OilOil hit $126 a barrel today, which irrespective of rising drilling costs, still benefits oil companies with legacy wells drilled when oil was $20 a barrel. Anyone else remember those days?
Oil prices remaining at current levels is "simply not healthy" for any economy, and is already hurting the economies of developing countries, ExxonMobil CEO Rex Tillerson told reporters in Norway.Oil prices remaining at current levels is "simply not healthy" for any economy, and is already hurting the economies of developing...
Oil prices whipsawed before and after OPEC announced it would cut oil production 1 million b/d effective April 1. Oil prices topping $36/bbl only threatened to escalate when BP's Texas City refinery caught fire Tuesday evening. But the influence of tho Oil prices whipsawed before and after OPEC...
With Oil Prices on the rise, the Markets in turmoil, and with the FOMC decision imminent, Traders are scrambling to understand what steps they should be taking to find profits.
Oil prices ended slightly lower on Monday as traders await the new US weekly inventory data on Wednesday and production decisions from the Opec meeting on Thursday. Oil prices ended slightly lower on Monday as traders await the new US weekly inventory data on...
May 13, 2007 (The Australian - ABIX via COMTEX) -- Oil prices are rising again in mid-May 2007. The International Energy Agency IEA has warned that supplies are tighter because of political unrest in Nigeria. In New York, the price of light sweet c May 13,...
Federal Reserve chairman Ben Bernanke is facing challenging times. Oil prices that continue to be pushed up by events in the Middle East, fears of slower economic growth and falling stock prices, to name but a few. Unflattering comparisons by some co Federal Reserve chairman Ben...
Oil prices are still over $40 per barrel and oil producers are pumping as much as the market can take, so the sun was shining on Opec as ministers started gathering in Vienna Monday for their regular meeting which closes formally on Sep.15. Oil...
Oil prices showed no signs of coming off the burner Friday as the continued cutoff of Venezuelan exports, forecasts for colder-than-normal weather in the US, and President Bush's rally cry to soldiers headed to the Mideast in the run up to a possibl Oil prices...
Oil prices in New York topped $30 per barrel on Thursday, spurred by short-covering ahead of the holiday weekend and news that Iran is seeking to cut Opec's production levels at its meeting on Apr. 24. Oil prices in New York topped $30 per...
Oil prices fell last week as speculation continued that the United Nations would have to make a decision soon on a resolution to disarm Iraq, and that a military strike could be avoided. West Texas Intermediate WTI fell to $26.86 per barrel for Decem Oil prices fell last...
A&G Information Services 08-13-2002 OIL PRICES TO BE DISCUSSED WITH OPEC SECRETARY-GENERAL ST.PETERSBURG, RUSSIA, AUG 12, 2002 (A&G News via COMTEX) -- Before leaving for Moscow OPEC Secretary-General Alvaro Silva Calderon expre A&G Information Services 08-13-2002 ...
Oil prices surged on Tuesday -- topping $29 in New York -- on the possibility of a production cut at Opec's emergency meeting next week. Oil prices surged on Tuesday -- topping $29 in New York -- on the possibility of a production cut at...
Oil prices ended volatile trading on Tuesday little-changed as traders were torn between the prospect of an Opec production cut and expectations that weekly inventory data will show that US oil supplies are on the rise. Oil prices ended volatile trading on Tuesday little-changed...
Oil prices on both sides of the Atlantic eased again Tuesday as Opec ministers pledged to meet any supply shortfall and a vote at the United Nations was delayed. Oil prices on both sides of the Atlantic eased again Tuesday as Opec ministers pledged...
Oil prices soared to a two-month high on another technical rally Tuesday, although news of a car bombing in Indonesia, the delay in the return of oil in Iraq, and ethnic tensions in Nigeria renewed concerns that instability in oil-rich Opec countries ... Oil prices...
Oil prices are at 13-year highs, the result of Middle East security concerns, strong U.S. gasoline markets and robust global demand. Tight product markets have been a major driving force behind crude prices, according to the International Energy Agency Oil prices are at 13-year highs, the result of...
Oil prices soaring above $40 a barrel? Now there's a crude economic thought, for, indicates Merrill Lynch & Co., New York, such a development would seriously damage U.S. arid global economic growth. However, current sharp increases in oil and nat Oil prices soaring above $40 a...
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