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OPEC oil price inches below 37 dollars
Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) slid to 36.92 dollars Monday, just above this year's record low price, which was set earlier this...
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Crude oil gains
Crude oil gainsCrude oil prices rose above $37 a barrel. Last week's 6.6% drop was considered to be excessive and Organization of Petroleum Exporting Countries (OPEC) members talked of more production...
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Economic recovery signs help oil prices jump above $70 per barrel
OPEC-US-OIL.jpgCorresponding to gains in US stock prices and a slide in the dollar, the New York oil prices have shown an increase in the past three weeks - with 15 cents rise in the crude oil for...
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Output Quotas to Remain Steady - OPEC
OPEC.gifOPEC, the Organization of Petroleum Exporting Countries, in a ministerial meeting consented that its production quotas will remain steady, and urged for members to work towards improving their...
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OPEC Fears Low Demand of Oil in Developed Nations
OPEC.jpgDue to a rise in the production from the outside of the group, the Organization of Petroleum Exporting Countries (OPEC) has trimmed the outlook for the demand of its members’ crude in 2011.read...
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OPEC Estimates, 1.2% Increase in Oil Demand for 2011
opec-US-Department-Energy.jpgThe market is focusing its attention on the jobless data to be released by the U.S. and on the weekly oil inventory data to be released by the U.S. Department of Energy.In...
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Is it safe to invest in crude oil?
crude-oil.jpgThere are numerous commodities where people can invest. Oil business is one of such sectors. Future trading of crude oil is very fresh in the commodity trading but if people choose the...
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Oil went up more than ninety one dollars per barrel
opec-oil-1.jpgU. S. crude climbed up above ninety one dollars a barrel on Wednesday, impacted by a fall in the dollar reaching its two-month lows, while Brent crude steadily weakened after overnight...
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OPEC Members to Meet This Week to Decide on Supply Cut Issues
OPEC.jpgThe falling prices of oil have landed several of the OPEC members in concern as they are greatly dependent on the revenues coming from oil for funding their government budgets.The members of...
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OPEC’s Strategy of Not Trimming the Production Rate Oil Bring s Prices...
OPEC.pngThe OPEC or the Organisation of Petroleum Exporting Countries is allowing the prices of oil to fall further down by not cutting back their production levels. read more
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OPEC Oil Producers Prepared to Endure Lower Oil Prices But will Continue...
Exclusive-Arab-OPEC-producers-brace-for-oil-price-weakness-for-rest-of-2015.jpgThe OPEC members have trimmed their crude oil price expectations in the current year. A second round of disturbance in the...
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Investors Keenly Wait for OPEC Meeting; Oil Prices Move Up a Little
OPEC.jpgThe general overview said that oil prices were heading for a further drop but the assessments might just prove to be wrong as U. S. crude climbed 18 cents, to $41.88 per barrel at 0047 GMT...
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OPEC Predicts 94% Cars on Road will Still be Powered by Oil-based Fuels in 2040
OPEC_Electric_Cars.jpgPeople who support electric cars and alternative-energy vehicles might be upset with OPEC's prediction that ninety four percent of cars on the road will be powered by oil-based...
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Post-Christmas Markets Weaken for Oil
Oil_Price_5.jpgOn Monday, the oil prices dipped again as the long Christmas weekend ended.U. S. West Texas Intermediate futures for January was trading at nineteen cents down at $37.91 a tonne at 0015...
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Crude Oil Futures Drop as Weak Outlook Prevails and Demand Slows
Crude_Oil_Prices.jpgOn Wednesday, the crude oil future dropped once more as a weak outlook prevails. It dipped almost half a dollar as the market faced pressure once more from sluggish demand and an...
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AAA Says Drivers Saved a Great Chunk of Money on gas in 2015
Gas_Prices.jpgDrives in the United States saved a chunk of money in 2015 due to the low oil prices. The reasons behind the drop in price is mainly attributed to the huge stock piles, slowing demand and...
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Crude Oil Prices Fall Below $28 due to Over Supply Concerns as Sanctions on...
Crude Oil Prices Fall Below $28 due to Over Supply Concerns as Sanctions on Iran are Lifted.jpgWorries are mounting as the oil prices were once again pulled down on Monday to below $28 a barrel in...
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Crude Oil Prices Scale Almost Six Percent but Analysts Not too Optimistic...
Crude-Oil-Prices.jpgFriday seemed good for crude, as prices increased almost six percent after an OPEC energy minister gave new hopes a planned and coordinated cut in the production levels. However the...
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On Monday Brent Crude Loses Gains Earned Last Week
oil2.jpgAt the end of last week Brent Crude gained ten percent but lost it on Monday.read more
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Oil Prices Gain with a Decline in Drilling Activities
Oil-Prices-Gain.jpgIn recent weeks oil prices have gained mostly owing to ongoing discussions among the oil producers including the OPEC members and also non- OPEC members like Russia regarding...
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Oil Prices Rise in the U.S Right at the Beginning of the Summer Driving...
US-Oil-Price.jpgOn Tuesday, there was a rise in the U.S. oil prices even though there was an increased output from the Middle East countries that supplies to the Asian countries mostly.In the U.S, it...
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In Recent Times OPEC Members have not been Able to take any Meaningful...
OPEC-1.jpgThe main aim behind forming OPEC was for member countries to coordinate and work in a unified manner on petroleum policies, ensuring stabilization of oil markets. It was to ensure an...
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