Archive for the ‘Oil Price’ Category
Tuesday, October 7th, 2008
Oil prices plunged below $90 a barrel Monday, coming within reach of year-ago levels as a widening financial maelstrom spreads overseas and crimps global demand for energy.
A barrel of oil has not been this cheap in eight months, suggesting that the climate in which oil soared to unheard of levels ...
Posted in Mining Company, Mining Finance, Mining Investment, Mining Technology, Oil Price, Trade & Market | No Comments »
Tuesday, October 7th, 2008
Oil prices fell below $90 a barrel on Monday for the first time since February because of the economic slowdown, even though production in the Gulf of Mexico has not fully recovered from hurricane destruction three weeks ago.
The price decline of recent weeks, from a record high for crude oil ...
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Thursday, September 18th, 2008
Major oil wholesaler Idemitsu Kosan Co. will begin revising its oil products' wholesale prices every week starting in October to more promptly reflect changes in crude oil prices, the company said.
Idemitsu's new pricing system will replace its current twice-a-month price revision method.
Nippon Oil Corp., the nation's No. 1 oil wholesaler, ...
Posted in Gasoline, General News, Oil Price, Trade & Market | No Comments »
Thursday, September 18th, 2008
Gasoline prices in many parts of Canada fell about five cents a litre Thursday, but motorists will likely face volatile pump prices for a while as North American fuel markets recover from hurricane Ike and global crude oil prices swing wildly.
The national average price for a litre of regular gasoline ...
Posted in Gasoline, General News, Oil Price, Trade & Market | No Comments »
Thursday, September 18th, 2008
Oil prices creeped higher Thursday in choppy trade, after major central banks flushed hundreds of billions of cash into the tight banking system in a bid to calm roiling financial markets.
New York's main contract, light sweet crude for delivery in October, rose 72 cents to close at 97.88 dollars a ...
Posted in General News, Oil Price, Trade & Market | No Comments »
Thursday, September 18th, 2008
Oil prices are trading at $95 Wednesday, up from recent $92-per-barrel levels but down from record highs earlier this year.
Oil prices dropped in recent days in response to lower U.S. demand, worries over the Wall Street financial morass and the limited impact of the recent hurricane on Gulf of ...
Posted in General News, Oil Price, Trade & Market | No Comments »
Thursday, September 18th, 2008
Oil prices rose modestly but closed well off their session highs Thursday as a late-day stock market rally soothed investors' concerns about the economy and demand for energy. Earlier, the contract topped $100 a barrel as investors uneasy about the worsening financial crisis flocked to commodities as a safe haven.
Light, ...
Posted in General News, Oil Price, Trade & Market | No Comments »
Monday, September 15th, 2008
Investors in Royal Dutch Shell and BP are facing increasing risks as a result of the companies’ involvements in Canada’s oil sands, fund managers and campaign groups will tell a meeting in London on Tuesday.
Environmental groups such as Greenpeace and the WWF, as well as some socially responsible investment funds ...
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Monday, September 15th, 2008
Crude oil prices plunged Monday amid global market jitters after Wall Street investment bank Lehman Brothers collapsed and financial developments stoked concerns about the health of the US economy.
New York's main contract, light sweet crude for October, plummeted a hefty 5.47 dollars to close at 95.71 dollars a barrel.
In London, ...
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Monday, September 15th, 2008
A big chunk of U.S. energy production shut by Hurricane Ike could restart within a week as initial reports showed the storm caused only minor damage to the nation's oil platforms and refineries.
Fuel supply disruptions are still possible in the meantime, as the shutdowns cut already threadbare gasoline inventories to ...
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