Toby Reynolds

Oil Firms Insist They Are Winning Reserves Battle

“From the shift away from exploration spending and toward development spending you can see that the supermajors in particular are focusing on getting their returns from what they have got already, rather than going out and finding more,” said IHS Energy’s Chew.

February 23, 2005

Oil price breaks through $54

Oil prices have surged to record highs above $54 as a fire at Nigerian export pipeline becomes the latest threat to consumers’ efforts to build winter heating fuel inventories.

October 11, 2004

Oil prices are surging so oil traders are having the time of their lives, right?

Well, no. Oil’s startling price surge this year has actually driven many traders to the sidelines as wild intra-day swings magnified by powerful speculative funds confound traditional trading strategies, market sources say.

September 26, 2004

Oil Hits $47 as Supply Worries Linger

Oil prices hit a one month-high of $47 a barrel on Tuesday as China showed no let-up in its strong import growth and traders worried that U.S. petroleum inventories had drawn down heavily due to Hurricane Ivan.

September 20, 2004

Bacteria, Underground Fires to Unlock Oil Reserves

Odd methods of getting oil leftovers now more feasible.

July 22, 2004

Spare world crude oil production capacity

A round up of various OPEC countries’ statements on their ability to increase production.

May 27, 2004

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