Category Archives: Oil Prices
In less than two decades, the United States will turn out to be a net exporter of oil in the world. By 2025, North America will become an oil exporter as well because of increasing production and energy efficiencies as … Continue reading
Even after two years of the Deepwater Horizon oil platform explored in the Gulf of Mexico, plenty of restoration efforts are going on.
Ahead of the US presidential election, the prices on oil drops a little bit low as investors looked forward to watch the final result.
Oil prices fell to a three month low in New York as Hurricane Sandy forced refineries on the US East Coast to shut down operations. Oil futures declined 0.5 percent after retreating 0.9 percent yesterday. Phillips 66, Hess Corp., NuStar … Continue reading
European Union governments’ imposed sanctions target NIOC subsidiaries, National Iranian Gas Company, National Iranian Oil Refining and Distribution, and several Iranian banks.
Saudi Arabia is taking pride in keeping oil prices stabilized for global economic growth despite a halving of Iranian exports because of oil embargo. It is also confident that the kingdom will meet present and future demand for oil, easing … Continue reading
Iraq oil exports rose to the highest level in more than three decades, Oil Ministry spokesman Asim Jihad confirmed on Monday. In September 2012, Iraq exports exceeded 2.6 million barrels per day (bpd) on an average compared to 2.565 million … Continue reading
There are concerns, that the weak economy is making oil prices fall. The prices on other petroleum related products are also coming down.
US stocks dropped on 17 September, 2012 in light trading following a rally responsible for driving the S&P 500 last week to its highest level in nearly five years. Because of falling oil prices, energy shares were hit as well.
The Gulf Coast is slowly recovering from the aftermath of Hurricane Isaac as oil and gas platforms prepare to get back to work. Now that power is reinstated and floodwater is cleaned out, crews at refineries are starting to resume … Continue reading