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Prices

There has been little production news in the past few days so oil prices have been taking their cues from the equity markets and economic developments. The NY Times ran Continue Reading

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Week of January 19, 2009

1. Last Week 2. The Year Closes 3. Quote of the Week 4. Briefs January 19, 2009 Commentary: Top Stories from 2008 Read Online Library and PDF Subscribe

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Category:

Contango

Oil prices fell into the upper $30s early last week and stayed there. As it has for many weeks, the drumbeat of bad economic news and rising stockpiles competed with Continue Reading

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Gaza

A call by an Iranian military commander to cut oil exports to Israel’s supporters last week made little headway with conservative Arab governments who are completely focused on dealing with Continue Reading

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Quote of the Week

“Dwindling prices could also shake the very foundations of oil allies like Mexico, Nigeria, and Saudi Arabia, which could experience internal unrest as oil revenues, and so state expenditures, decline.”  Continue Reading

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Last Week

It was yet another wild ride for oil prices last week as the markets continued to balance unsettling economic news, Israel’s attack on Hamas in Gaza, and the pace of Continue Reading

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