Last Updated Stories in Oil Prices

Hugo Chavez and his War on The Empire

OCTOBER 29th 2008 (Utila Eastwind) Hugo Chavez has been making big waves on the international political scene and there is a growing argument that could, at least partially, lay the blame on him for the...

The West’s Or Obama’s Oil Weapon

This was an  exclusive for Israelseen. Tsvi is a wonderful and insightful person. A futurist and historian. This piece was actually inspired by  a Shai Agasi interview on ted.com about the future of...

Oil Industry Leader Sends Message to Congress

American Petroleum Institute President Jack Gerard sent a letter to members of Congress Friday.  Below is the text of that letter with helpful links added (by me): "Dear Member of Congress: As the Congress...

Oil on the Rise

In Europe, oil hovered above a four-month high today at $52 a barrel, recouping earlier losses as the market sought a new base above fifty dollars and after news of a ship collision in the key Strait of Hormuz shipping lane.  Traders took profits...

Crude Oil is Dropping, So Why is Gas so Expensive?

People who are paying attention have probably noticed that while crude oil costs continue to decline the price at the pump has been inching upwards.  This is in direct violation of the ideal of supply and...

Oil price slides to 20-month low

Despite hope from the oil markets that demand from China would see an end to the oil price slide prices today fell to a 20 month low. Wether this will be reflected anytime soon in price falls at fuel pumps is...

Devaluation of Pakistani Currency

"When Musharraf resigned few months back, the Pakistani rupee was hovering around Rs. 66 per dollar and oil prices were around $90 per barrel and when Musharraf was removed, i remember the famous Kamran Khan of Geo Tv shouting with emotions that Pakistan has been saved as...

Oil prices dip below $62 despite OPEC production cutbacks

Oil prices hit a record low for the year, dipping below $62US per barrel before rebounding slightly to close at just over $63US.  OPEC had announced cutbacks to crude output but this appeared to have little...

Futures Freeze as Stock Markets Plunge Despite Oil Prices Drop

As the trading day winded down in the East, western markets opened on a gloomy note as the UK is officially "on the brink of recession", even as OPEC initiates emergency measures to force oil prices to drop....

If you can’t earn anything in a savings account or T-bill, you might as wel...

If you can’t earn anything in a savings account or T-bill, you might as well have gold, right? The Nov NYMEX crude oil futures contract rolled to the Dec contract, which closed at $66.75. Overnight it rose to...

OPEC Ponders Price Drop as Oil Usage Declines

OPEC is divided on its pricing and supply strategy, with some nations favoring a decrease in output and a rise in prices, while others want the opposite. While they try to  present a unified front, countries that make up the Organization of Petroleum Exporting Countries...

Gasoline Price Makes Biggest Drop Ever

The average rate for a gallon of gasoline in the US fell drastically, as the largest drop on record.  Consumer demand, falling oil prices and the worldwide financial crisis have all driven the price of gas...

Crude Oil price fall could result in a production cut

Crude Oil price fall could result in a production cut The Nymex Crude Oil futures contract closed a bit higher than the day before at $90.06, from $88.96, although the chart is fairly clear-the crude oil trend is downward. We are sticking to our idea that a price of $80 is...

Stock Market News

My interest in this piece of news found on London stock exchange is to do with the oil prices going down. Hopefully even after the US Wall Street Bailout the oil prices will go back down to US$50 per barrel or less. High prices on oil have caused big problems in the...

The senseless rise and fall of gas prices

Can the politicians please step up to the plate and address the senseless rise and fall of gas prices in North America?  With elections ongoing in both Canada and the United States, how is the apparent price...

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