Week of January 19, 2009
1. Last Week 2. The Year Closes 3. Quote of the Week 4. Briefs January Continue Reading
Contango
Oil prices fell into the upper $30s early last week and stayed there. As it 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
Market volatility continues
On Monday and Tuesday oil prices continued a five-day climb — at one point touching Continue Reading
Russia and the EU
On Wednesday Russia raised the stakes in its standoff with Ukraine by cutting natural gas Continue Reading
The Year Closes
Oil prices rose by nearly 8 percent on Monday, touching $44 a barrel, after Israel Continue Reading
Last Week
It was yet another wild ride for oil prices last week as the markets continued Continue Reading
US Oil Consumption
On Monday the EIA released revised figures for US oil consumption in October showing that Continue Reading
Briefs – January 5, 2009
Russia’s oil production fell by around one percent in 2008, the country’s first annual decline Continue Reading
Prices and production
It was another down week for oil prices. Starting out in the low $40s, oil Continue Reading
Russia
Of all the countries exporting oil, Russia seems to be suffering the most serious consequences Continue Reading
Electric Cars
It is now generally acknowledged that if the automobile is to have a future, it Continue Reading
Briefs
(clips from recent Peak Oil News dailies are indicated by date and item #) Continue Reading
Mexico
PEMEX has released new numbers showing that its oil production slid by 9.3 percent during Continue Reading
Ukraine’s Gas Bill
The annual fight over payment for the gas that Ukraine buys from Russia is once Continue Reading
The Price Plunge Continues
Nothing that governments can do seems to stop falling oil prices; Zero interest rates, Detroit Continue Reading
The IEA Sets a Date
In the IEA’s annual report, “The World Energy Outlook 2008”, the agency says that “although Continue Reading
Prices and Production
Crude prices started the week with the January contract touching $49 on Monday on prospects Continue Reading
OPEC May Meet in January
After touting for weeks the “sizeable” production cuts that would drive oil prices back to Continue Reading
Investment in Oil Production
Alarms continued to sound around the world last week bemoaning the sudden drop in oil Continue Reading
The OPEC decision
After weeks of buildup the OPEC meeting in Oran finished with a surprise and an Continue Reading
IEA says 2020
Fatih Birol, chief economist to the International Energy Agency, told the UK’s Guardian newspaper that Continue Reading
The Detroit Saga
The clock continues to run down on the US auto industry as the administration struggles Continue Reading