Quote of the Week
“I do not believe low commodity prices and rig counts will be here for Continue Reading
Forecasts
As the global recession deepens, the agencies which prognosticate about future demand for oil are Continue Reading
Briefs January 19, 2009
An Israeli company announced that it has discovered what may be a deposit of over Continue Reading
Prices continue to slip
Oil prices continue to fall this week as US commercial inventories increased by 8 million Continue Reading
OPEC keeps trying
The Saudis are continuing to take the lead in efforts to cut OPEC’s production still Continue Reading
OPEC Cuts Production
The Organization of Petroleum Exporting Countries said on December 17th that it would reduce its Continue Reading
The Volatility Continues
Gaza, OPEC production cuts, and the gas shutoff to Europe competing with an avalanche of Continue Reading
Gaza
A call by an Iranian military commander to cut oil exports to Israel’s supporters last Continue Reading
Briefs January 12, 2009
Investment banks want to hire 10 supertankers to store crude oil at sea, seeking to Continue Reading
Quote of the Week
“Dwindling prices could also shake the very foundations of oil allies like Mexico, Nigeria, and Continue Reading