Oil Prices
Oil Prices
The price of petroleum as quoted in news generally refers to the spot price of either WTI/Light Crude as traded on the New York Mercantile Exchange (NYMEX) for delivery at Cushing, Oklahoma, or of Brent as traded on the Intercontinental Exchange (ICE, into which the International Petroleum Exchange has been incorporated) for delivery at Sullom Voe. The price of a barrel of oil is highly dependent on both its grade, determined by factors such as its specific gravity or API... read more
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Oil prices slashed anew
From The Philippine Star Dated 21 May 2012 For the sixth consecutive week, major and independent oil firms slashed pump prices to reflect lower prices abroad.
U.N. nuclear watchdog chief in Iran
From Anderson Cooper 360 Blog Dated 21 May 2012 The head of the United Nations nuclear watchdog agency arrived in Tehran on Monday for high-level talks after Iran's finance minister suggested oil prices could rise as high as $160 a barrel because of sanctions over its nuclear program.
U.N. nuclear watchdog chief in Iran
From CNN Dated 21 May 2012 The head of the United Nations nuclear watchdog agency arrived in Tehran on Monday for high-level talks after Iran's finance minister suggested oil prices could rise as high as $160 a barrel because of sanctions over its nuclear program.
Brent edges up toward $108, Greece weighs
From Big News Network Dated 21 May 2012 LONDON - Oil prices rose back towards $108 per barrel on Monday, after last week's falls, supported by uncertainty over talks between Iran and world leaders planned for this week, although ...
Iraq buys drones to protect oil
From Big News Network Dated 21 May 2012 The Iraqi government is serious about the protection of its oil export routes through the Persian Gulf, a U.S. military official said. Oil prices early this year hit historic highs after Iran ...
Average gas price down 6 cents in last two weeks
From Memphis Business Journal Dated 21 May 2012 The nationwide Lundberg Survey is reporting that the average price for a gallon of regular gasoline in the United States fell 6.2 cents to $3.78 in the last two weeks due to a drop in crude oil prices, partly on...
Ryanair posts record profit, cautious on outlook
From San Antonio Express-News Dated 21 May 2012 Ryanair posts record profit, cautious on outlook Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ...
Euro zone fears overwhelm Gulf rebound hopes
From Big News Network Dated 21 May 2012 The immediate outlook for Gulf Arab stocks continues to be subdued, despite small rebounds in Asian shares and oil prices on Monday, as the euro zone crisis remains centre-stage in investors' ...
Reprieve as National Oil reduces pump prices
From The Daily Nation Dated 21 May 2012 Motorists have a reason to smile at least for the next one month after National Oil reduced its pump prices
U.N. nuclear watchdogs in Iran for talks
From News4jax.com Jacksonville Dated 21 May 2012 The head of the United Nations nuclear watchdog agency arrived in Tehran on Monday for high-level talks after Iran's finance minister suggested oil prices could rise as high as $160 a barrel because of sanctions over its nuclear program.
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