Oil Blog

OPEC in the News 6/7/06

OPEC boss not comfortable with oil prices
El Financiero (México) - Mexico
Mexico City, June 7th.- The president of the Organization of Petroleum Exporting Countries (OPEC), Edmund Daukoru, reiterated Wednesday that the current prices ...

UAE Oil Min: OPEC Concerned Over Rising Oil Stocks
CattleNetwork.com - Stanley,KS,USA
... Hamli, speaking ahead of a meeting between OPEC and the European Union in Brussels, added, "I and other ministers are watching this and it is a concern.". ...

Energy Watch - June 6
Monsters and Critics.com - Glasgow,UK
OPEC leaders held informal talks last week to consider admitting Angola, Ecuador and Sudan into the cartel as it seeks to regain influence over global oil ...

EU praises OPEC's 'responsible' position
Islamic Republic News Agency - Tehran,Iran
The third meeting of the EU-OPEC Energy Dialogue ended in Brussels Wednesday evening with an agreement on a number of initiatives aimed at boosting cooperation ...

Inflation could hit oil demand: OPEC
Sydney Morning Herald - Sydney,New South Wales,Australia
OPEC's president said on Wednesday that rising inflation could hit demand for oil but, with prices above $70, the producer group would be best advised to keep ...

EU sets OPEC minds at ease over oil demand
EUPolitix.com - Brussels,Belgium
... The delegation from OPEC met with EU energy commissioner Andris Piebalgs to discuss a wide range of issues, including the European commission’s green paper ...

Country to Boost Output By 1.5 million Barrels Per Day By 2007
AllAfrica.com - Washington,USA
... will increase its oil output by 1.5 million barrels per day by next year, contributing to Organisation of Petroleum Exporting Countries' (OPEC's) spare capacity ...

Rig Notes 6/7/06

 North American rig count climbing
Monsters and Critics.com - Glasgow,UK
HOUSTON, TX, United States (UPI) -- The US oil and natural gas drilling rig count for May climbed 38 to 1,635, an industry group said Wednesday. ...

Oil Price News 6/7/06

Bursa defends plan to license out daily CPO settlement prices
Business Times - Malaysia - Malaysia
... As it is, palm oil prices are already dictated by the Hamburg-based Oil World magazine and locally-based foreign cargo surveyors. ...

ENERGY STOCKS Oil and gas shares fall as crude prices slide
MarketWatch - USA
... told the Senate Foreign Relations panel that recent data indicates the United States "may finally be experiencing some impact" from sharply higher oil prices. ...

Canadian Stocks Fall a Third Day as Metals, Oil Prices Decline
Bloomberg - USA
and First Quantum Minerals Ltd. declined with prices for bullion and copper. Energy companies dropped with the price of crude oil. ...

Oil prices fall
The Australian - Sydney,Australia
WORLD oil prices slumped overnight on news that US energy reserves rose across the board last week, coupled with positive developments in the Iranian nuclear ...

US Stocks Rise as Oil Prices Drop; Target, Retailers Advance
Bloomberg - USA
... paced gains among retailers on the decline in oil prices and as the second-largest discount chain said earnings and margins will increase this year. ...

Rollback of petro prices ruled out
The Tribune - Chandigarh,India
... The industry experts said oil companies, which have shown marginal fall in their net profits despite spurt in crude oil prices, would have to adjust just Rs ...

Greenspan gloom over high oil prices
Scotsman - United Kingdom
FORMER Federal Reserve chairman Alan Greenspan yesterday painted a downbeat picture of the world's rising vulnerability to high crude oil prices. ...

EU, OPEC officials worry about oil prices
BusinessWeek - USA
JUN. 7 9:13 AM ET EU and OPEC officials said Wednesday they were worried about volatile oil prices and would work to make markets more stable. ...

Stocks Rise Modestly on an Easing of Oil Prices
New York Times - United States
Stocks stopped a two-day slide and ticked upward in morning trading today, while oil prices retreated. The Dow industrials, the ...

Greenspan warns on oil prices
Financial Times - London,England,UK
... “The US economy has been able to absorb the huge impact of rising oil prices with little consequence to date because it has become far more flexible over the ...

Alternative Energy 6/1/06

Labor urges govt to expand use of gas
The Age - Melbourne,Victoria,Australia
... wanted to debate the role of nuclear energy in Australia - a divisive topic within the Labor Party - but did not want to discuss alternative energy supplies. ...

RES - COMPANIES LOOK TO THE EMERGING ALTERNATIVE ENERGY ...
Earthtoys (press release) - USA
... Corporation are revealed as they discuss the opportunities that exist from the growing integration of renewable and alternative energy technology within the ...

3-D modelling supports alternative-energy R&D
Engineering News (press release) - Garden View,Eastern Cape,South Africa
... Pelleting Machines has used the latest modelling technology to design equipment that compacts waste material, creating viable alternative energy sources that ...

RenewableEnergyStocks.com
InvestorIdeas.com (press release) - Point Roberts,WA,USA
... Schneider, Chief Executive Officer and Director of ZAP (Zero Air Pollution) (NYSE: ZP) explains, “Anyone that is producing an alternative energy vehicle at ...

China and India's Demand for Alternative Energy, Fuelled by High ...
Market Wire (press release) - USA
... price agreement)." As the Chinese government has established a goal of obtaining 20 GW of total wind power by 2020, the demand for alternative energy is there. ...

Oil Price News 6/1/06

Oil prices fall after US suggests direct talks with Tehran
CBC News - Canada
SINGAPORE (AP) - Oil prices extended losses Thursday, a day after declining on news that the United States had signalled a willingness to hold direct talks ...

Rising oil prices not to slow China demand
CCTV - Beijing,China
China's increasing oil demand is unlikely to be significantly affected by surging world oil prices, as domestic usage does not change on a seasonal basis. ...

Pump Prices Continue to Ease Slightly
Los Angeles Times - CA,USA
... Gasoline prices began rising more than two months ago as oil prices increased, gas supplies shrank and refiners in parts of the nation made a difficult ...

ENERGY MATTERS: US Oil Prices Headed For A June Swoon?
CattleNetwork.com - Stanley,KS,USA
... If that pattern holds, crude oil prices could struggle to hold $70 in June. The EIA projected in early May that demand for the main ...

Oil prices rise
NDTV.com - New Delhi,India
Oil prices regained some losses Thursday, a day after falling on news that the United States had signaled a willingness to hold direct talks with Iran on its ...

Oil prices fall below 72 dollars before energy stocks report
People's Daily Online - Beijing,China
World crude oil prices fell below 72 dollars Wednesday on the eve of US weekly energy stocks report, as the United States vowed to join the European Union in ...

Tensions affect oil prices: Venezuela
Indian Muslims - San Diego,California,USA
... explained. Ramirez said it was impossible to try to stabilise oil prices if there was no security in the producing countries. The ...

Shares Rise as Oil Prices Fall and Iran Worries Ease a Bit
New York Times - United States
Stocks closed higher yesterday, buoyed by the first drop in oil prices in a week and by signs that the tension with Iran over its nuclear program might ease. ...

Oil prices jump as gasoline demand rises
The Westfall Weekly News - Canada
WASHINGTON - Crude-oil futures rose slightly Thursday, gaining strength from a rally in gasoline futures after weekly US government data showed rising demand. ...

Left threat on hike in oil prices
Hindu - Chennai,India
... DELHI: The Left parties on Thursday threatened to stage protests all over the country against the proposed move by the Government to raise prices of petroleum ...

Iran blames US for high oil prices
Seattle Post Intelligencer - USA
CARACAS, Venezuela -- OPEC was poised to keep production steady Thursday as Iran blamed the United States for high oil prices, saying threats against its ...

Gas Price News 6/1/06

Toyota, Honda soar while domestic automakers hurt by gas prices
WLNS - Lansing,MI,USA
... vehicles. Rising fuel prices hurt the domestic manufacturers, which rely more heavily on sales of trucks and sport utility vehicles. ...

Chairman admits high gas prices 'a problem'
Fort Worth Star Telegram - Fort Worth,TX,USA
... that the $98 million retirement package given to his predecessor, Lee Raymond, had generated opposition, and acknowledged that high gasoline prices "are a real ...

Costco misses forecast over gas prices
Seattle Times - United States
Costco on Wednesday reported a third-quarter profit a penny shy of Wall Street forecasts, as rising gas prices continued to pinch margins. ...

Vacation or bust: Gas prices won't stop most vacation travelers ...
Cadillac News - MI, United States
With this past weekend kicking off the summer vacation season, many businesses may wonder if rising gas prices are going to keep the tourists away this summer. ...

Canadian Gas Prices May Rise as Hot Weather Boosts Power Demand
Bloomberg - USA
June 1 (Bloomberg) -- Canadian natural-gas prices may rise for a second day as warmer-than-normal weather in the US increases demand for the fuel to generate ...

Gas prices jump in BN
Bloomington Pantagraph - IL, USA
... We need the real story wrote on June 01, 2006 4:09 AM:"I agree with "here we go again," why don't you do a real story on gas prices here. ...

NB to change gas prices every two weeks
Canada East - Canada
... is a 1987 act passed by Richard Hatfield's Conservative government that was never proclaimed, giving the energy minister the authority to set gas prices. ...

As gas prices rise, small cars generate big buzz
MSNBC - USA
... Most buyers are people trading in bigger cars and SUV's because of high gas prices. ... As long gas prices are high, so will interest be in these pint size rides.

Gas prices expected to remain mostly steady
Baltimore Sun - United States
Gasoline prices began rising more than two months ago as oil prices increased, gas supplies shrank and refiners in parts of the nation made a difficult ...

Legislation to Provide Relief From Soaring Gas Prices
Garden City Life - Garden City,NY,USA
I am pleased to announce the New York State Legislature has passed legislation providing New Yorkers with relief from soaring gas prices and put an end to ...

Consumers still spend in spite of gas prices
Shanghai Daily - Shanghai,China
... An increase in gas prices, which are up 37 percent over last year, could hurt retailers' results in coming months, said Deutsche Bank US economist Carl ...