A mid-week update. New York oil futures traded around $82 a barrel this week until Wednesday’s stocks report showed an unexpected 7 million barrel jump in US crude stocks.
Articles: oil prices (106)
Oil prices (along with prices of many other commodities) have fallen dramatically since last summer. Some observers are waiting to see if Saudi Arabia responds with significant cutbacks in production.
A weekly roundup of peak oil news including -Oil and the global economy -The Middle East and North Africa -Russia/Ukraine -Quote of the Week -The Briefs
The estimate of three years of easily affordable driving depends primarily on how long the current fracking boom, which is holding down the global oil price, can be sustained.
A mid-week update. Brent crude fell to its lowest level in more than two years after the Saudis dropped their official selling prices, suggesting that they do not plan to curtail production anytime soon to force prices higher.
A weekly update, including -Oil and the Global Economy -The Middle East and North Africa -China -Ukraine -Quotes of the Week -The Briefs
A mid-week update. New York oil futures took a jump on Wednesday after the EIA reported that US crude inventories fell by an unexpected 4.3 million barrels last week as US refinery operations increased slightly and crude imports fell by 1.2 million b/d.
A weekly update, including: - Oil and the global economy -The Middle East and North Africa -Russia -Quote of the Week -The Briefs
A mid-week update. After a $2 a barrel jump on Tuesday, NY futures slid back a bit on bit on Wednesday after an unexpected jump in US crude inventories of 3.7 million barrels which was 5 million higher than analysts had been expecting.
Three more years? That’s pretty scary! Surely there must be a mistake in that headline.