360° Coverage : Crude rises as IEA boosts demand forecast, OPEC meets

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Crude rises as IEA boosts demand forecast, OPEC meets

Source: Business Standard, Dec 12 2012, 1:28pm CST

“Some economic data has improved,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said by phone. “I expect the OPEC meeting will result in them trying to bring production closer in line with the ceiling.” Brent ...

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10

1 hour ago

Oil giants sued over price fixing allegations

Source: The Age  |   May 23 2013, 9:16pm CDT

A Chicago-based commodities trading firm has filed suit against three of the world's largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week. Prime ...

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Update
9

2 hours ago

Short-Term Bearish On Brent Prices, Exciting Long-Term Energy Outlook

Source: Seeking Alpha  |   May 23 2013, 8:14pm CDT

In that article, I made a case for higher crude prices and Statoil (STO), my stock pick. Here I would compare those forecasts to actual events in the past two years, examining where I was right as well as wrong, and provide new foreca ...

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Update
8

23 weeks ago


Quote:
"The Saudis will do as they always do and cut production further going into next year to protect prices at $90 to $110"


Source: Business Standard

 

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Latest Politics News

 

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Update
7

4 hours ago

Carl Pope: The Big Lie on Natural Gas Exports

Source: The Huffington Post  |   May 23 2013, 5:44pm CDT

Last week the Department of Energy gave approval to the Freeport LNG export terminal. Combined with an earlier approval at Sabine Pass, the U.S. has now committed the first 2.4 billion cubic feet of natural gas it produ ...

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Update
6

6 hours ago

Oil recovers after dive on Chinese data

Source: The Daily Telegraph  |   May 23 2013, 3:48pm CDT

GLOBAL oil prices have closed little changed, recovering from sharper losses earlier in the day after weak Chinese manufacturing data. New York's main contract, West Texas Intermediate light sweet crude for July, edged do ...

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Update
5

7 hours ago

Oil tracks gains in stocks, erases early losses

Source: Yahoo News: Business  |   May 23 2013, 2:28pm CDT

NEW YORK (AP) — An afternoon recovery in U.S. stock markets helped oil reverse early losses Thursday. Benchmark oil for July delivery fell 3 cents to close at $94.25 a barrel on the New York Mercantile Exchange . The price sank as low as $92. ...

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Update
4

8 hours ago

Oil slides to below US$93 a barrel

Source: China Post  |   May 23 2013, 2:06pm CDT

BANGKOK--The price of oil fell below US$93 per barrel Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. Benchmark oil for J ...

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Update
3

11 hours ago

Oil falls on concerns for China demand, Fed policy

Source: KIRO  |   May 23 2013, 11:08am CDT

The price of oil fell Thursday as weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy. Oil's decline was exacerbated by sharp declines in global stock markets amid indications that the U.S ...

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Update
2

11 hours ago

Oil falls after China manufacturing contracts in May; US pump price at $3.66 as weekend nears

Source: Minneapolis Star Tribune  |   May 23 2013, 11:02am CDT

NEW YORK - The price of oil fell Thursday as weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy. Oil's decline was exacerbated by sharp declines in globa ...

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Update
1

11 hours ago

Chevron's Upstream Production Outlook Supports $145 Value

Source: Seeking Alpha  |   May 23 2013, 10:45am CDT

We recently revised our price estimate for Chevron (CVX) to near $145. Our valuation adjustments were primarily based on the positive upstream production outlook as well as stable long-term growth seen in crude oil and nat ...

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