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Articles Written by: JOHN PORRETTO
The effect of the weak dollar is again pushing oil prices higher in the face of little demand for energy and huge surpluses of crude.
Since March, the dollar index, which weighs the U.S. currency against a basket of foreign currencies like the ...
From JOHN PORRETTO,
eTaiwan News,
29 Aug 2009
Benchmark crude for October delivery slipped 62 cents to settle at $71.43 a barrel in trading on the New York Mercantile Exchange.
The Energy Department reported Wednesday that U.S. crude stockpiles rose by 200,000 barrels for the week ending Aug. 21. ...
Oil prices fell 3.5 percent Tuesday after a new report from Washington projected a cumulative $7 trillion U.S. deficit for the next decade.
Prices initially swung higher, briefly touching $75 per barrel for the first time in 10 months on new ...
From JOHN PORRETTO,
Taiwan News,
25 Aug 2009
Minutes before the nonpartisan Congressional Budget Office released its deficit forecast, however, crude briefly touched $75 a barrel for the first time in 10 months on new signals that consumers are feeling a little better about the economy.
Questions ...
Oil prices approached $75 a barrel Monday for the first time in 10 months amid growing optimism that the world's economies are on the mend.
Benchmark crude for October delivery rose 48 cents to settle at $74.37 a barrel on the New York Mercantile ...
From JOHN PORRETTO,
eTaiwan News,
24 Aug 2009
HOUSTON - Oil prices approached $75 a barrel Monday for the first time in 10 months amid growing optimism that the world's economies are on the mend. . . . ...
HOUSTON — Exxon Mobil may be synonymous with Big Oil, but two major deals announced this month show the company is focused on expanding natural-gas output.
Western (oil companies.) This is the type of project they need to maintain volume growth over ...
Exxon Mobil may be synonymous with Big Oil, but two major deals announced this month show the company is focused on expanding natural-gas output.
On Tuesday, Exxon said it had reached a 20-year agreement to provide liquefied natural gas to ...
From JOHN PORRETTO,
Taiwan News,
19 Aug 2009
HOUSTON - The season's first Atlantic hurricane and two other storms have done nothing to spur a rise in energy prices, largely because supplies are high and demand low, but oil companies are keeping close watch on their offshore operations in the Gulf ...
it plies more oil out of the earth, techniques that involve heat and chemical injections or gas and water pressure. These methods account for 3 percent of world oil production, according to the International Energy Agency, the Paris-based policy ...
From JOHN PORRETTO,
Inside Bay Area,
2 Aug 2009
