OPEC still cutting
For the first time since OPEC began cutting production last fall, analysts are beginning to Continue Reading
Obama’s first week
Shortly after being sworn in, President Obama issued an order halting the implementation of pending Continue Reading
Briefs January 26, 2009
China boosted crude oil production by 2.3 percent in 2008 while natural-gas output gained 12 Continue Reading
Quote of the Week
“The recent years of increased exploration and production spending have not been sufficient to substantially Continue Reading
Contango
Oil prices fell into the upper $30s early last week and stayed there. As it Continue Reading
OPEC’s progress
Raising prices by cutting back on global oil production is turning out to be more Continue Reading
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