SINGAPORE AFP — Oil prices fell in Asian trade Wednesday as the US government announced the release of oil from its strategic reserve to help with recovery efforts after Hurricane Gustav. In afternoon trade New York's main contract, light sweet crude for October delivery, dropped 71 cents to 109.00...
NEW YORK AFP — Oil prices rose on Wednesday after a sharp spike the previous day as traders nervously mulled a larger-than-expected decline in US gasoline stocks. Prices closed higher in edgy trade, wiping out declines experienced earlier in the day, as traders assessed a weekly US inventory report...
SINGAPORE AFP — World oil prices fell in volatile Asian trade on Thursday after rising earlier following a US government report that showed American crude reserves dipped for the fourth week in a row. New York's main oil futures contract, light sweet crude for July delivery, was 98 cents...
NEW YORK AFP — Oil prices declined Thursday after soaring close to record highs in volatile trade stoked by concerns about stretched global energy supplies, traders said. Prices did not appear to show too much reaction to an oil pipeline explosion in Nigeria, Africa's largest crude exporter, which according...
PARIS AFP — Oil producers outside the OPEC cartel are unable to pump enough oil to reduce crude prices, hampered by robust domestic demand, weak investment and exhausted oil fields, analysts say. In the short term, "no non-OPEC member is in a position to produce more," said Francis Perrin...
PARIS AFP — Slowing economies in leading countries will moderate thirst for oil but high prices are not the result of speculation alone and are here to stay, the International Energy Agency warned on Tuesday. The day after after the oil price topped 107 dollars a barrel for the...
LONDON AFP — Oil hit record highs of 107 dollars on Monday, supported by fresh concerns about the weakness of the dollar and tightening supplies. The New York contract for April delivery had hit a record 106.54 dollars per barrel on Friday but the market had slipped back earlier...
While the $100 print in crude oil futures at the beginning of the year was apparently the result of a glory seeking pit trader and not legitimate price discovery, there is no magic to that number and oil will most likely breeze past it in 2008. But it won't be...
LONDON AFP — World oil prices slipped back under 92 dollars per barrel on Wednesday following news that US crude stockpiles rose for a third successive week. New York's main contract, light sweet crude for delivery in March, shed 11 cents to 91.53 dollars per barrel. Brent North...
SHARM EL-SHEIKH, Egypt AFP — US President George W. Bush voiced hope OPEC will increase oil output to combat high world prices, after his talks with King Abdullah of Saudi Arabia, the world's top crude producer. "The president said there's a hope that as a result of these conversations...
PARIS AFP — The price of 100 dollars for a barrel of crude oil is "not necessarily very high" given the high demand of oil and higher production costs, the president of OPEC said Sunday. On Wednesday the price of a barrel of crude reached 100.09 dollars (67.85 euros)...
LONDON AFP — Oil prices edged ahead Friday in quiet trade before the Christmas and New Year holidays and amid lingering concerns about energy supplies during the northern hemisphere winter. In London, Brent North Sea crude for February delivery rose 30 cents to 91.30 dollars per barrel. New...
LIMASSOL, Cyprus AFP — Algerian Energy Minister Chakib Khelil, who takes over the OPEC presidency in January, said on Monday that he does not rule out a boost in the cartel's oil output at its next meeting in February. "I wouldn't... exclude the possibility of increasing production if of...
LONDON AFP — World oil prices dipped on Monday as traders cashed in profits after New York crude had surged close to a record close before the weekend, traders said. In London, the price of Brent North Sea crude for September delivery slid 44 cents to 75.82 dollars per...
PARIS AFP — The International Energy Agency warned Monday of increased tension on global oil markets after 2010 as spare capacity in the OPEC production cartel shrivels at a time when buoyant economic growth is driving up demand. "The potential effects of a combination of low OPEC spare capacity...
VIENNA AFP — OPEC has warned it could curtail investment in oil production because of a forecast long-term boom for biofuel but cautioned that an oil shortage could emerge if biofuels ran into problems. "We are not worried about introducing another source of energy, especially if it helps fight...
ALGIERS AFP — Algerian Energy Minister Chakib Khelil on Wednesday ruled out an increase in OPEC crude oil production to curb prices that are hovering around 70 dollars a barrel. "The current spike in oil prices is not a result of insufficient supply," Khelil was quoted by the APS...
International Petroleum Tables 11.1a and 11.1b Sources United States: See Table 3.1a. All Other Countries: Annual Data 1973-1979: EIA, International Energy Annual 1981, Table 8. 1980-2004: EIA, EMEU, International Energy Database, March 2007. 2005 and 2006: Average of monthly data. All Other Countries:...
LONDON AFP — World crude oil prices rebounded on Tuesday after the International Energy Agency had warned that falling inventories of oil could put upward pressure on prices in coming months. Traders were also looking to a meeting on Thursday of the powerful cartel of OPEC oil producers. ...
[FIGURE 11.1a OMITTED] Tables 11.1a and 11.1b Sources United States: See Table 3.1a. All Other Countries: Annual Data 1973-1979: EIA, International Energy, Annual 1981, Table 8. 1980-2004: EIA, EMEU, International Energy Database, February 2007. 2005 and 2006: Average of monthly data. All Other...
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