Russia surprised the world yesterday, by announcing that it has territorial rights to a significant chunk of Arctic seabed, and is seeking UN approval
Author: m43lobyjnat
Exploration rights in Somalia for Chinese oil giant CNOOC
CNOOC, the Chinese state oil giant has been granted permission to explore for oil in part of Somalia, one of Africa’s most volatile regions.
WTI trades below $104 per barrel
Crude oil prices were lower Tuesday as Hurricane Ike weakened and shifted course, making it less likely that it will hit key Gulf of
Crude prices gain on inventories report
Crude oil prices were higher Wednesday after the US Energy Information Administration issued its weekly inventories report, which showed that US gasoline inventories were
Crude oil prices down after jump on storm worries
Crude oil prices were up in early trade in New York on Monday on concerns that Tropical Storm Fay would disrupt oil production in
Crude prices jump on weaker dollar
Crude oil prices were up Tuesday as the US dollar weakened against the euro after gains early in the session, and on the possibility
Crude drops despite inventories, storm, OPEC
Crude oil prices slipped Wednesday after early gains, with West Texas Intermediate crude for October delivery trading 36 cents lower to $102.90 per barrel
US crude oil inventories, prices rise
Crude oil prices were up slightly Wednesday after the US Energy Information Administration issued its weekly inventories report, which showed that while US crude
Geopolitical issues send crude oil prices higher
Crude oil prices surged Thursday as the US dollar weakened and as worrying geopolitical issues took center stage. Russia rattled sabers in response to
New hurricane sends crude prices higher
Crude oil prices were higher Tuesday on the possibility that Hurricane Gustav could hit oil-producing regions in the Gulf of Mexico. Some forecasters believe