Month: March 2009

Oil prices started the week at $52 a barrel, climbed to a recent high of nearly $55 on better economic news, and then fell to close back at $52 as

Natural gas prices fell by more than 16 percent last week, settling on Friday at $3.63 per 1000 cubic feet, the lowest close since September 2002.  As the US economy

Last week, the Russian government predicted 2009 oil output of 9.68 million b/d, a 1.1 percent annual drop. But a survey of 12 analysts puts the decline at more than

There is widespread agreement that a combination of falling investment in oil production and the ongoing OPEC production cut will eventually cause another damaging spike in oil prices. Last week

Last week started with oil falling to below $44 a barrel on Monday as OPEC voted to hold production steady. As the week progressed, prices climbed to a three-month high

As exports slide, oil prices remain stagnant, and its economy falters, Caracas is searching for new investment to replace the US and European oil companies that were largely driven out

With US manufacturing slumping and cars produced for sale in the US currently down to an annual rate of about 4 million vehicles, the demand for natural gas has dropped

OPEC’s decision to resist new supply cuts laid the ground not just for cheaper oil to help heal the economy, but for warmer relations with the world’s biggest energy consumer.

Last week oil prices were dominated by a rebound in the equity markets and the prospects for another production cut at yesterday’s OPEC meeting. All week a stream of mixed

The cartel could have either left production unchanged and prices relatively low, thereby contributing to helping the global economic situation from getting worse or perhaps even rebounding; or it could

The cartel will keep production quotas unchanged, will meet again on May 28th and September 29th, and will make concerted efforts to implement the remainder of the current 4.2 b/d

Last week saw a spate of new forecasts for the global economy and the demand for oil during 2009. The International Monetary Fund and the World Bank issued forecasts that

CERA: The direction oil prices take will depend more on a meeting of world leaders in London next month than on what OPEC decided Sunday, said Daniel Yergin, CERA chairman.