Oil markets well supplied, Algerian oil minister says
OPEC member Algeria is concerned about Libyan supply disruptions but sees no physical crude oil shortages globally, the country's oil minister said on Monday.
There Are No Good Outcomes in The Oil Game
There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.
Wall Street stocks pull back with semis, rising oil
Stocks fell on Monday, weighed down by a downgrade of the semiconductor sector and worries about the effect of higher oil prices on the economy, which is unlikely to change soon.
Futures edge up as oil rise continues
Stock index futures rose on Monday, indicating Wall Street will recover from Friday's losses even as oil prices continued to spike on unrest in the Middle East and North Africa.
More news
Libyan oil assets will suffer damage in political end-game: analyst
Crude output in Libya has fallen to levels significantly below its normal 1.65 million barrels per day (bpd) output, and well below its 1.47 million bpd OPEC production quota in the aftermath of violent anti-government protests, according to a senior energy analyst at IHS Global Insight.
Budget mum on fuel taxes, sparks price rise talk
India's budget belied expectations of cuts in fuel taxes on Monday, denying any relief to state-run oil firms but boosting chances of a planned ministerial meeting taking up the issue of raising prices soon.
Oman protests spread, road to port blocked
Demonstrators blocked roads to a main port in northern Oman and looted a nearby supermarket on Monday, part of protests to demand more jobs and political reform that have spread to the sultanate's capital.
Oil rises on Middle East fears
Oil prices advanced on Monday as protests in Oman raised concerns about supply from the Middle East, though world stocks rose and were on track to post their third straight month of gains on an improving growth outlook. Copper prices extended the previous session's 3 percent gains after an earthquake in top producer Chile, though benchmark U.S. 10-year Treasuries were also in demand, sending yiel...
Oil rises above $112 on Libya output cuts
Oil rose more than $1 a barrel to over $112 on Friday as unrest in Libya sparked fears of supply shortages, despite assurances by top oil exporter Saudi Arabia that it would step in to fill any shortfall.
Oil eases below $111 on Saudi assurances, all eyes on Libya
Oil eased below $111 on Friday as top world exporter Saudi Arabia sought to assure key importers it would fill any supply shortfall left by beleaguered fellow OPEC member Libya, soothing fears over a disruption in supplies that had carried prices to a 2-1/2-year high a day earlier.
Oil price could double to $220: Nomura
Commodity analysts at Nomura Holdings Inc. said. Brent crude prices could double to $220 per barrel in the coming weeks if Libya descends into an all-out civil war and further shuts down oil production in the country.
Libya's oil output cut by up to 75 pct
Turmoil in Libya has slashed its oil output by 75 percent or 1.2 million barrels per day, key Libyan oil sector player ENI said on Thursday.
Gold Price Up, Silver Slips with Industrial Metals, as Libya Chaos Drives Oil & Inflation Higher
The Gold Price rose further in London trade Thursday morning, hitting new 2011 highs for Dollar investors as Brent crude oil jumped to $119 per barrel and a raft of economic analysis warned of stagflation ahead for the global economy.
Libyan turmoil driving crude prices ever higher
Oil prices continue to rise amidst fears that violent unrest in Libya will not only cut off supplies from that nation, but perhaps spread to other, larger oil producers, including Saudi Arabia.
Libya continues to poison stock market sentiment; oil surges again
Stocks sank for a second consecutive day in tandem with oil prices surging to 28-month highs as continued turmoil and violence in Libya shatters traders nerves.
U.S. crude oil prices touch $100 for first time since Oct. 2008 on Libyan chaos
The price of oil crude oil futures touched $100 per barrel for the first time since October 2008 on deepening worries over the political chaos and violence in oil-rich Libya.
Libyan oil output down by as much as a quarter
As much as a quarter of OPEC member Libya's oil output has been shut down, Reuters calculations showed on Wednesday, as unrest prompted oil firms to warn of production cuts in Africa's third-largest producer.
Libya unrest spooks oil market, but Saudi Arabian oil official calms fears
On Tuesday, US-traded crude oil futures initially jumped to trade as high as $98.50 per barrel, or an increase of 14 percent from last Friday’s closing levels, on escalating tensions in Libya.
U.S. stocks in sharp sell-off over Libya fears
U.S. stocks are plunging and oil prices are surging on fears over the continued violent unrest in Libya.
Defiant Gaddafi vows to die as martyr, fight revolt
Muammar Gaddafi vowed to die in Libya as a martyr in an angry television address on Tuesday, as rebel troops said eastern regions had broken free from his rule in a burgeoning revolt.
Oil prices surge in response to Libya turmoil
Crude oil prices have surged more than 7 percent this morning in New York trading, reaching as high as $98 per barrel, as the chaos in Libya raised fears of supply disruptions.
Oil prices surge on Libyan unrest
Oil prices have jumped in response to the growing chaos in oil producer and OPEC member Libya and the potential for the escalation of unrest in Iran, OPEC’s second biggest oil producer..
Libya denies reports Gaddafi has fled to Venezuela
The son of Moammar Gaddafi has denied media reports that his father has fled Libya for Venezuela.
Seif al-Islam Gaddafi said his father remains in Libya.
BP suspends Libyan operations; but some other oil majors remain on normal schedule
BP plc (NYSE: BP) has announced that it is suspending its drilling activities in Libya due to the rising tide of political violence in that country and also plans to evacuate non-essential staff and their families.
Middle East unrest spreads to Persian Gulf kingdom of Bahrain
The unrest roiling the Middle East has now spread to the Persian Gulf nation of Bahrain.
Protesters and police clash in Bahrain on Day of Rage
Bahraini police fired teargas and rubber bullets to break up protests on Monday in Shi'ite villages that ring the capital Manama, dampening a Day of Rage stimulated by popular upheaval in Egypt and Tunisia.
Pages
- Promoted in Lindsay lohan
- 1
- 2
- 3
- 4
- 5
Editor's pick
-
German Archive Where Victims Of The Nazis Come Back To Life
-
Bulgarian Border City Hails Schengen Tourism Boom
-
Myanmar Marks New Year Festival Mourning Quake Losses
-
Trump Tariffs Unnerve Locals In Irish 'Pharma' Hub
-
Iran Says Seeks 'Real And Fair' Deal In Nuclear Talks With US
-
Trump Administration Pushes For Consent Decree On Columbia University Amid Antisemitism Concerns
