Briefs February 2, 2009
Fatih Birol, the chief economist at the International Energy Agency, estimates that around $100 billion Continue Reading
Quote of the Week
“Russian oil production, which was boosted to new heights in 2007, has now fallen 1.0% Continue Reading
World Production
The first part of last week was dominated by concern over the sagging world economy Continue Reading
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
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