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.
Oil
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.
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.
The mask of altruism disguising a colonial war
Oil will be the driving factor for military intervention in Sudan.
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.
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
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.
Crisis, crunch or crumble: after Yukos, it’s time we started fearing for the future of Saudi oil
Sixty per cent of Saudi production comes from the ‘King of Kings’ field. If this starts to decline, production has peaked.
Indonesia and Oman
While much of the world is concerned about whether Saudi Arabia can deliver on its promise to produce an extra 1 million barrels of oil a day, far more attention should be given to OPEC and non-OPEC member countries whose production continues to fall.
