Tag: OPEC

Is Oil Heading towards a New Year Low?

During last month, the price of United States Oil (USO) declined by nearly 4.5%, while the price of oil (WTI) fell by 5.5%. Brent oil also fell by over 8.8% in the past month. Let’s examine some of the latest…

Oil Outlook for July 7-11

Oil prices came down again during the past week as the turmoil in Iraq seems to have little impact on the oil market. Last week, the WTI and Brent fell by 1.6% and 2%, respectively.  The difference of Brent oil…

Oil Outlook for April 7-11

Oil prices (WTI and Brent) changed direction and declined last week. WTI and Brent oil slipped by 0.5% and 1.2%, respectively. As a result, the gap of Brent oil over WTI contracted again: The premium ranged between $5.2 and $6.2.…

The energy daily news– 19 January

Canadian natural gas spot price is on the rise, China’s 2010energy consumption target review, Russia and Japan reaching an agreement on natural gas, the IEA recalculated upwards its estimates about worldwide crude oil consumption in 2011 and the news about…