US: Higher oil prices barely dent demand growth
Record oil prices above $40 a barrel are barely curbing surging demand growth in major consuming nations, despite concern over the economic fallout of higher energy costs.
Fossil Fuels
Deutsche warns oil price may hit $100
OIL prices could potentially hit $100 per barrel, analysts at Deutsche Bank warned yesterday – as the cost of US light crude hit a 21-year record of almost $44.
OPEC President: “There is no more supply”
US oil prices have hit record highs after the president of Opec said the producers’ cartel was unable to push any more supplies into the market.
“There is no more supply,” said Opec president Purnomo Yusgiantoro.
Where’s the Oil?
Prices and demand are up. Oil industry revenues are sky-high. So why aren’t oil companies exploring ways to increase supply?
Only a sea-change likely to stop crude nearing $50 a barrel
With the price of crude oil hitting fresh highs this week, bringing $50 crude firmly into view, analysts say it will take a sea-change — a recession, an abnormally mild northern winter or perhaps a change in U.S. President — to end the rally in prices.
The mask of altruism disguising a colonial war
Oil will be the driving factor for military intervention in Sudan.
Soaring oil prices set to have long-term global impact
Spike in Crude rates a structural phenomenon. Current crisis due to combination of limited resources, increasing demand, driven mostly by China and India
Sudan – The mask of altruism disguising a colonial war
Oil will be the driving factor for military intervention in Sudan. Oddly enough, the oil concession in southern Darfur is currently in the hands of the China National Petroleum Company. China is Sudan’s biggest foreign investor.
Even Cheaper Oil Will Be Costly
The system is right on the edge, and even small supply disruptions will propel prices upward. This time, oil prices may have taken a ride to a higher-altitude roller coaster.
Why oil prices may stay sky high
Experts point to the doubling of the pace of global demand in the past year, little spare production capacity, continuing terrorist attacks in the Middle East, and a controversial presidential referendum on Aug. 15 in Venezuela, the world’s No. 5 oil producer.
Trinidad: Beyond petroleum, what?
The hope that new technology will increase these production stocks is largely an illusion as its main effect is to deplete the field faster.
Indonesia and Oman – their declines will outweigh Saudi increase
The declining oil production of Indonesia and Oman are greater than Saudi Arabias promised increases. Patterns of accelerated decline do not bode well for other old, aggressively worked, fields.
