Prices for WTI crude have risen above $94 a barrel for the first time in nearly four months today, reaching a high point of $94.70 a barrel on the Nymex. ... Read Full Story »
The world’s largest producer of crude oil and its largest exporter of crude could become a net importer of crude in the next 20 years according to an analyst at ... Read Full Story »
Although the tensions between Iran and the US and Europe have relaxed somewhat in the past couple of months, not everyone is taking for granted that a long-term solution to ... Read Full Story »
The Organization of Petroleum Exporting Countries (OPEC) produced an average of 31.8 million barrels/day of crude in May, the cartel’s highest level of production since September of 2008 and about ... Read Full Story »
Analysts at Goldman Sachs have noted that Saudi Arabia has increased its crude oil inventories by 34.5 million barrels in the three-month period from December 2011 to February 2012. Goldman ... Read Full Story »
For the past week, the day rates for very-large crude carriers (VLCCs) has been rising to where $40,000/day is the going rate. The reason for the spike is that ... Read Full Story »
Policy stories have piled up today in alternative energy and energy, led off by a response from the Republican Party to President Obama's energy speech. The GOP has introduced a ... Read Full Story »
Muammar Muhammad al-Gaddafi might have been better off to use the billions of dollars he has hidden around Libya to bribe his opposition than to wage war on his countrymen. ... Read Full Story »
Many analysts have pointed out that the political instability in the Middle East is the result of the lack of jobs and affordable food. Choosing democracy as a form ... Read Full Story »
The book bans of fifty years ago which included "Catcher In The Rye" are distant memories. But censorship is not over. The Wall Street Journal has been banned in Singapore ... Read Full Story »
Reuters: Economists have cut forecasts and look to the Federal Reserve to take action. Reuters: BP Plc (NYSE: BP) will try the final stage of killing its leaking well and ... Read Full Story »
The US and Canadian governments and Blackberry maker Research In Motion (NASDAQ: RIMM) are on a crusade to make certain that the device and its service are not restricted in ... Read Full Story »
Reuters: BP plc (NYSE: BP) has made final plans to plug its well. Reuters: The dollar index fell to a three-month low due to a slowing economy. Reuters: Goldman Sachs ... Read Full Story »