A midweek update. For nearly three weeks now New York oil futures have cycled between $48 and $54 barrel, while London futures have climbed steadily reaching nearly $63 a barrel on Tuesday before falling to close at $60 on Wednesday.
Articles: oil production (29)
A mid-week update. Oil prices underwent a three-day rally beginning last Friday and ending Tuesday, climbing some 19 percent on expectations that world oil supplies would soon start dropping.
A mid-week update. Oil has been trading in a relatively narrow range -- $46-$49 a barrel in New York and $47-50 in London since the first week of January.
A weekly roundup of peak oil news, including: -Oil and the Global Economy -The Middle East and North Africa -China -Russia/Ukraine
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
A mid-week update. The great oil crash of 2014 continued this week with New York futures trading below $76 a barrel for a time on Tuesday before rebounding to close Wednesday at $78.67.
How far the oil price will come down and for how long it will stay “low” is now anyone’s guess. A declining price results from weakening demand while supplies are improving.
A person might think that oil prices would be fairly stable. Unfortunately, it doesn’t seem to work that way recently. Let me explain at least a few of the issues involved.
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