Energy

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Saudi Arabia Vs. The Rest Of OPEC

Oil remained near an eight-month low, ahead of a meeting of OPEC ministers. The market continues to gamble that Saudi Arabia, the most powerful member of the cartel, will prevail in its plan to…

Douglas A. McIntyre · 14 years ago

Analyst’s Comments Rain on A123’s Parade

Shares of A123 Systems Inc. (NASDAQ: AONE) rose more than 50% yesterday on the company’s announcement of a new battery technology. While there is substantial promise in the new technology, which A123 calls Nanophosphate…

Paul Ausick · 14 years ago

IEA: Crude Prices Fall 20% from 2012 Peak

The International Energy Agency (IEA) this morning released its monthly oil market report, and as usual, there is some variation from the report that came out yesterday from OPEC. The IEA claims OPEC pumped…

Paul Ausick · 14 years ago

OPEC Crude Production Continues to Rise

OPEC’s Monthly Oil Market Report was released this morning and it showed that total crude oil production from OPEC member nations rose to 32.96 million barrels/day in April. That’s a rise of 631,000 barrels/day…

Paul Ausick · 14 years ago

Saudis To Battle OPEC On Oil Prices

There are reports that Saudi Arabia may battle with its fellow OPEC members over near term oil production. The Saudis have supported high exports recently, which has helped the price of crude to drop…

Douglas A. McIntyre · 14 years ago

Crude Shakes Off Gains; India Cancels Iran Shipments

The $125 billion bailout of Spain’s banks put some life in US stocks this morning, and boosted Brent crude prices to more than $102/barrel before tumbling back to below $98/barrel in the late morning.…

Paul Ausick · 14 years ago

Gas Prices Plunge

Robert Murray http://www.geograph.org.uk/photo/1449653Gasoline prices continued to drop along with oil. There is some hope that the collapse could help the US economy in the second half as Americans continue to contend with persistently high…

Douglas A. McIntyre · 14 years ago