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
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
Briefs January 12, 2009
Investment banks want to hire 10 supertankers to store crude oil at sea, seeking to Continue Reading
Prices and Production
It was yet another volatile week with oil prices swinging wildly in reaction to the Continue Reading
Automobiles
Last week’s news was headlined by efforts in Congress to provide temporary aid to Detroit Continue Reading
Prices and Production: IEA Cuts Demand Forecast
OPEC’s failure to act at its November 29th meeting, coupled with a steady stream of Continue Reading
OPEC and Russia are Hurting
Only a few months ago OPEC and Russia were on top of world with oil Continue Reading
OPEC Secrecy
Such is the secrecy surrounding oil production and exports that OPEC, as an organization, cannot Continue Reading
Oil Prices
With OPEC sending mixed signals about the possibility of a production cut at the meeting Continue Reading
Detroit Rescue Plan
General Motor’s board is currently reviewing the rescue plan that will be released on Tuesday Continue Reading
China and Growth
Unlike most of the world’s economies, China is widely believed to need a minimum of Continue Reading
Investment
As US motorists rejoice that the price of gasoline is now approaching an all-time, inflation-adjusted Continue Reading