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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: oil supply

oil supply stories: 27 news summaries

21 - 27 of 27 Stories | << Prev 1 2

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Demand for Oil May Pass Output by 2012 

Experts see prolonged crisis as producers max out pumping ability

Nov 19, 07 10:07 AM CST
(Newser) - Production limits, not supply, could prompt an oil crisis in less than a decade as efforts to reduce demand and introduce alternative fuels trail growth in the world’s oil needs, the Journal reports. Oil companies currently produce 85 million barrels daily; some experts say they'll hit a wall at... More »

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Exxon • solar energy • oil refineries • oil production • IEA • oil supply

Chavez Warns of $200 Oil if US Strikes Iran

But call to make OPEC 'geopolitical agent' rejected by Saudis

Nov 17, 07 6:48 PM CST
(Newser) - Crude oil prices could hit $150-$200 a barrel if Bush is “mad enough” to strike Iran, Venezuelan President Hugo Chavez warned today at the OPEC summit. “The basis of all aggression is oil,” said Chavez, arguing that OPEC should set itself up as “an active geopolitical... More »

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Iran • oil • Saudi Arabia • Venezuela • King Abdullah • OPEC • oil price • Hugo Chávez • oil supply

Oil Breaks $98 in Advance of Supplies Report

Pipeline attack in Yemen and weak dollar contribute to prices

Nov 7, 07 4:11 AM CST
(Newser) - Oil prices continue to break records, busting beyond $98 a barrel before settling at $97.98 in Singapore today, reports AP. Short-term effects like Monday’s attack on a Yemen pipeline contributed to the hike. Last week’s storms reduced Mexican exports to the US, and traders expected this winter’... More »

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Mexico • Yemen • North Sea • oil price • oil supply

Oil Touches Record $97 a Barrel

Weak dollar and expected supply drop push crude to another record

Nov 6, 07 2:24 PM CST
(Newser) - Crude oil hit $97 a barrel today on the New York Mercantile Exchange, helped along by a weak dollar and an expected drop in supply—an especially impressive jump considering the 2% price drop yesterday. "What a difference a day makes," one analyst told MarketWatch. "This volatility... More »

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Mexico • flood • oil price • New York Mercantile Exchange • oil supply

Supply Worries Send Oil Near $80 a Barrel

US inventory drops, and OPEC production boost won't cover shortfall

Sep 12, 07 3:38 PM CDT
(Newser) - Crude oil hit nearly $80 a barrel today—its highest price ever—thanks to dwindling supply. US inventories fell by 7M barrels last week, much more than the 2.7M analysts predicted. OPEC announced a production increase of only 500K barrels, which Bloomberg reports will not meet seasonal demand increases.... More »

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OPEC • United States • credit crisis • oil price • crude oil • oil supply • oil crisis

Is Biggest Oilfield Running Dry?

Saudis may be hiding fact that world's largest reservoir is drying up

Sep 8, 07 4:00 AM CDT
(Newser) - The world’s most critical oil field might be nearing its end. Saudi Arabia, which accounts for 19% of all oil exports, doesn’t supply hard data about its production, but a little math sleuthing by a computer scientist shows the Ghawar reservoirs should be empty soon, the Atlantic reports. More »

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oil • Middle East • Saudi Arabia • Ghawar • oil field • oil supply

Oil Prices Approach All-Time High

Hopes set on sign from OPEC meeting that production will increase

Sep 7, 07 3:16 AM CDT
(Newser) - The price of oil approached a record high yesterday, hiking interest in next week’s OPEC meeting in Vienna, where observers hope the association will give some positive sign that production will increase. OPEC, however, seems divided on the matter, with the group’s president calling the market “very... More »

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oil • Middle East • gas • OPEC • gas prices • oil supply

21 - 27 of 27 Stories | << Prev 1 2


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