Industry News
Oil Industry Headlines: Week of March 8
Crude oil prices hit $110.20 a barrel on the New York Mercantile Exchange last Wednesday, setting the eleventh record high (read full article »)
Published in Industry News | on Friday, March 14th, 2008
Are investors driving up the price of oil?
Recently, many analysts have pointed to speculation in the market as an explanation for record oil prices. Not so, reports (read full article »)
Published in Industry News | on Tuesday, March 11th, 2008
Oil Industry Headlines: Week of March 1
The price of crude oil dominated headlines again this week. On Friday, tensions between Columbia and neighboring countries, along with (read full article »)
Published in Industry News | on Friday, March 7th, 2008
Oil Industry Headlines: Week of February 22
Despite an almost 60% rise in crude oil prices in 2007, Mexico's state-owned oil monopoly could not dig itself out (read full article »)
Published in Industry News | on Friday, February 29th, 2008
Oil Industry Headlines: Week of February 15
Crude oil hit yet another high on Wednesday, touching $101.32 before settling at $100.74. Among the many circumstances affecting oil (read full article »)
Published in Industry News | on Thursday, February 21st, 2008
Boone’s still bullish on long-term oil investments
Boone Pickens, a man that is legendary for amassing his fortune by investing in oil, told CNBC this morning that (read full article »)
Published in Industry News | on Thursday, February 21st, 2008
Oil Closes Beyond $100
When Goldman Sachs analyst Arjun Murti predicted the possibility of a $105 bbl superspike back in 2005 people laughed at (read full article »)
Published in Industry News | on Wednesday, February 20th, 2008
A look at who’s betting on $100+ oil
Many analysts say the recent runup in prices hasn't capped yet, leaving room for oil investment gains to intensify.
The (read full article »)
Published in Industry News | on Monday, February 18th, 2008
Oil Industry Headlines: Week of February 8
How much is the opportunity to invest in Iraq's oil industry worth? For Russia, the magic number is $12.9 billion. (read full article »)
Published in Industry News | on Thursday, February 14th, 2008
Oil Industry Headlines: Week of February 1
Mexico's state-owned oil company, PEMEX, recently signed two extension agreements with Exxon Mobil Corp. Due to a constitutional ban on (read full article »)
Published in Industry News | on Thursday, February 7th, 2008
Oil Industry Headlines: Week of January 25
In an e-letter sent to employees, Shell's Chief Executive Jeroen van der Veer wrote, "Shell estimates that after 2015, supplies (read full article »)
Published in Industry News | on Thursday, January 31st, 2008
Oil Industry Headlines: Week of January 18
George Clooney has been invited to Nigeria by the country's most influential militant group, the Movement for the Emancipation of (read full article »)
Published in Industry News | on Thursday, January 24th, 2008
Oil Industry Headlines: Week of January 11
In Nigeria, the Movement for the Emancipation of the Niger Delta (MEND) is stepping up attacks in an attempt to (read full article »)
Published in Industry News | on Thursday, January 17th, 2008
Oil Industry Headlines: Week of December 28
On the first day of trading for 2008 crude oil hit the long awaited benchmark of $100. For more on (read full article »)
Published in Industry News | on Thursday, January 3rd, 2008
Investing: Oil Hits $100
"The $100-per-barrel scenario, while it may not be reached this year, is likely to occur in the not too distant (read full article »)
Published in Industry News | on Wednesday, January 2nd, 2008
Analyst examines the “financialization of oil”
Leo Drollas, a London-based analyst for the Centre for Global Studies, told the Gulf Times recently that he sees a (read full article »)
Published in Industry News | on Sunday, December 30th, 2007
Oil Industry Headlines: Week of December 21
In a statement released by Nigeria's most influential militia, the Emancipation of the Niger Delta (MEND), operations used to sabatoge (read full article »)
Published in Industry News | on Friday, December 21st, 2007
Oil Industry Headlines: Week of December 14
Nigeria's most influential militant group, Movement for the Emancipation of the Niger Delta (MEND), has issued a plea to competing (read full article »)
Published in Industry News | on Thursday, December 20th, 2007
Oil Industry Headlines: Week of December 7
Speaking before the Senate's subcommittee on energy, EIA Administrator Guy Caruso predicted that the average price of crude would rise (read full article »)
Published in Industry News | on Thursday, December 13th, 2007
IEA Crisis Director Calls For More Oil and Gas Investment
Aad Van Bohemen, Director of Crisis Management at the International Energy Agency, recently made a surprising remark during an interview (read full article »)
Published in Industry News | on Wednesday, December 12th, 2007