Oil Crisis

Source: au.rd.yahoo.com --- 5 days ago
PARIS (AFP) - Approaching recession and a banking cash Crisis are cutting into global demand for Oil and may set back investment in new oilfields, the International Energy Agency said on Friday. ...

Source: economictimes.indiatimes.com --- 5 days ago
Approaching recession and a banking cash Crisis are cutting into global demand for Oil and may set back investment in new oilfields. ...

Source: blogs.usatoday.com --- 6 days ago
The deepening financial Crisis and plunging Oil prices have prompted OPEC to announce an emergency meeting next month. The Associated Press says analysts speculate that the cartel will cut production to try to stabilize prices at the Nov. 18 session. It's not certain that will succeed; last month the cartel cut daily output by 520,000 barrels but prices have continued to fall. Here's what OPEC said: The Organization is concerned about the deteriorating economic conditions... ...

Source: uk.reuters.com --- 8 days ago
LONDON (Reuters) - The worsening credit Crisis and economic outlook is likely to hit Oil demand, weighing on prices and increasing the chance that consumption growth will slow down or even stop next year. ...

Source: www.usatoday.com --- 9 days ago
Oil prices fell to an 8-month low below $90 a barrel on speculation that the spreading financial Crisis will exacerbate a global ... ...

Source: www.timesonline.co.uk --- 30 days ago
Oil prices fell further below $100 a barrel today to a seven-month low on forecasts that demand for fuel will decline as the global financial Crisis worsens following Lehman Brothers' bankruptcy.$ ...

Source: newbooksplus.library.upenn.edu --- 6 days ago
Author: Mills Robin M. 1976- Publisher: Westport Conn. : Praeger c2008. Subject Headings: Petroleum reserves. | Petroleum industry and trade. | Energy policy. | Format: Books & Electronic Books Location: Lippincott Library -- HD 95605 M 553 2008 ...

Source: www.npr.org --- 17 hours ago
You can't see it, but it has saved the United States billions of dollars in wasted energy. It's an invisible window coating that keeps heat out in the summer and in during winter. And it got its start during the last energy Crisis, three decades ago. ...

Source: www.associatedcontent.com --- 13 days ago
Fuel demand falling and supplies rising yet five states ran out of gas ...

Source: csmonitor.com --- 4 hours ago
Economists say that Arab states such as Saudi Arabia will feel the pinch, but a year of record Oil prices provides a deep cushion. ...

Source: www.moreover.com --- 11 days ago
VOA News Oct 4 2008 6:55PM GMT ...

Source: seekingalpha.com --- 7 days ago
Jason Schwarz submits: The global slowdown is here to stay and the best way to play it is with Oil (USO) puts.  One could argue that even without a global slowdown Oil puts would be a great investment ( as in here ); with the global slowdown, this one’s a no brainer.  Crude Oil prices reached a bubble high of $147 in July after a seven year climb.  With current prices hovering between $90-$100 a barrel, this commodity has a long ways to fall.  There are various ways to play the global slowdown (for other ideas check out our investment newsletter at  www.lonepeakportfolios.com ) but this one trumps them all. Earlier this week the Chinese government said they have more than enough gasoline stockpiles because of the dramatic slowdown in their economy.  As a result, they won’t be importing any refined gasoline for the second month in a row.  This announcement comes on the heels of consistent United States demand destruction throughout the summer months.  Bad news for Oil bulls.  It all comes at a time when Oil exploration rigs are booked out for years to come and alternative energy sources like natural gas, nuclear power, wind, coal, etc... are about to be implemented in a major way by the next US President. Complete Story » ...

Source: www.charlotteobserver.com --- 9 days ago
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 prices soared is coming to an abrupt end. Crude's stunning fall comes just three months after prices surged close to $150 a barrel. Investors appeared to have little faith that the $700 billion U.S. rescue plan will be a quick fix for the stumbling economy. Light, sweet crude for November delivery fell $6.07, or 6.4 percent, to settle at $87.81 a barrel on the New York Mercantile Exchange. It was crude's fourth straight negative session and its lowest settlement since Feb. 6. Oil prices have tumbled 40 percent since peaking at $147.27 a barrel on July 11. A drop below $85 a barrel – an almost certainty in the current environment – would leave prices where they were in late October, wiping out all of the past year's massive gains. “The market is finally acknowledging that this credit Crisis is a global phenomenon and that will equate to lower world Oil demand in the future,” said Phil Flynn, analyst at Alaron Trading Corp. in Chicago. “People thought the Crisis would be contained to the U.S. and we'd see Oil demand in China and India continue to grow. Now that just doesn't seem possible.” World stock markets plunged Monday amid growing investor anxiety that the U.S ...

Source: www.antara.co.id --- 8 days ago
The Upstream Oil and Gas Regulating Body (BP Migas) said the global economic turbulence would not affect investment in Oil and gas exploration and production in the country. ...

Source: www.rgj.com --- 5 days ago
NEW YORK (AP) � The stunning collapse in Oil markets accelerated Friday, with a barrel plunging below $78 as investors grow more pessimistic about a mushrooming global economic Crisis. ...

Source: www.arabianbusiness.com --- 3 days ago
Previous losses recouped as leaders in US and Europe act to halt further turmoil. ...

Source: www.modernghana.com --- 30 days ago
The news that came out of the meeting of a 13-member Oil cartel in Vienna, Austria, was not all that pleasing to the ears. Behind the scenes, the 13-nation energy cartel juggled the conflicting interests of members and made it clear that the cartel would cut Oil production by more than 500,000 barrels per day. This news quickly sent Oil pr ... ...

Source: www.energybulletin.net --- 2 days ago
When the froth is gone, there is still a very vibrant economy hiding underneath. In fact, and this is where I start to get concerned, to the degree that we refocus our efforts away from keeping the froth full of air, we'll start to focus more of our effort to revving up the fundamental economic engine that sits beneath it. And so will the rest of the world, which brings me to the other half of the equation: Peak Oil. read more ...

Source: www.bnamericas.com --- 14 days ago
Junior Oil companies that focus on Latin America are still showing signs of strength despite the difficulties in the global credit market, Arturo Vilas, managing director of investment banking at Tris... ...