West Texas Intermediate crude pared losses as fewer Americans than forecast filed applications for unemployment benefits and U.S. retail sales increased.
Futures were little changed after dropping as much as 0.9 percent. U.S. jobless claims declined to 334,000 last week, the Labor Department…http://alternativeenergy.com.pk/jobs-energy/crude-pares-losses-on-u-s-jobless-forecast-filed-applications-for-unemployment-benefits-and-u-s-retail-sales-increased/ Canada, Commodities, Energy Industry, energy markets, Middle East, U.S. Jobless, U.S. retail sales increased, unemployment us
West Texas Intermediate crude fell for the third time in four days as speculation that fuel demand will decline outweighed concern that Middle Eastern exports may be disrupted by political unrest.
Futures slid as much as 0.9 percent after the World Bank yesterday cut its forecast for global…http://alternativeenergy.com.pk/international-news/wti-falls-for-third-time-in-four-days-on-world-bank-cuts-that-middle-eastern-exports-may-be-disrupted-by-political-unrest/ Canada, Commodities, Energy Industry, energy markets, Germany, global economic growth, Middle East, West Texas Intermediate crude fell, World Bank Cuts
Irvine, CA – June 10, 2013 (Investorideas.com renewable energy newswire) XsunX Newsletter XsunX, Inc. (OTCQB: XSNX) Well after two years of price wars and below cost solar module pricing, the industry has begun to see module pricing stabilization and even some increases this year – very…http://alternativeenergy.com.pk/soalr/are-skies-beginning-to-brighten-for-new-technology-sales-solar-system-installation-demand-is-continuing-to-build-globally/ Africa, business development, Latin America, Middle East, planning investments, renewable energy newswire, solar system installation
West Texas Intermediate crude fell a fifth day, the longest run of declines this year, as the United Arab Emirates said global demand will stay “relatively weak.” OPEC is forecast to keep its supply target unchanged on May 31.
Futures slid as much as 1 percent in New York after capping a…http://alternativeenergy.com.pk/national-news/wti-falls-a-fifth-day-before-opec-meets-as-united-arab-emirates-u-a-e-sees-weakness/ Africa, Asia, Australia & New Zealand, China, Commodities, Eastern Europe, Energy Industry, energy markets, Germany, India & Pakistan, Middle East, United Arab Emirates
The United Arab Emirates sees current crude prices as “suitable and fair” and not hurting consumers, the nation’s energy minister said as OPEC prepares to review the group’s target for oil production.
Global demand for crude is expected to stay “relatively weak this year” at around…http://alternativeenergy.com.pk/international-news/u-a-e-energy-minister-says-crude-oil-prices-suitable-and-fair-opec-prepares-to-review-the-groups-target-for-oil-production/ Middle East, U.A.E. Energy Industry, U.A.E. Energy Minister
West Texas Intermediate headed for its biggest weekly drop in more than a month amid signs of rising U.S. oil inventories and a global economic slowdown.
Futures slid as much as 1 percent in New York. Prices may decline next week amid speculation that U.S. fuel supplies will be sufficient to…http://alternativeenergy.com.pk/energy-finance/wti-heads-for-biggest-weekly-decline-in-a-month-on-supply/ Australia & New Zealand, Canada, Commodities, Energy Industry, India & Pakistan, Latin America, Middle East
1. Oil and the Global Economy
Despite growing oil production, and record inventories, prices were little changed last week, with NY oil hovering around $95 and London around $104. Although demand for oil remains weak across much of the world, a stronger dollar and hopes that the US economy is…http://alternativeenergy.com.pk/international-news/peak-oil-review-may-20-oil-and-the-global-economy-middle-east-china-at-a-turning-point/ China, China’s economic growth, Global Economy, Middle East, Middle East conflict, Oil prices, Peak oil review, turning point
West Texas Intermediate crude swung between gains and losses near the highest level in a week. Syrian government forces started an offensive against rebels, renewing concern that unrest could destabilize the Middle East.
Futures fluctuated in New York after rising for a third day on May 17….http://alternativeenergy.com.pk/oil-gas-energy/wti-crude-fluctuates-near-one-week-high-syria-starts-offensive-west-texas-intermediate-crude-swung-between-gains-and-losses/ Commodities, Energy Industry, energy markets, India & Pakistan, Middle East
Saudi Arabia, Kuwait, and Venezuela reduced crude oil exports in March from the previous month while West African members of the Organization of Petroleum Exporting Countries increased shipments, according to official data.
OPEC’s biggest producer, Saudi Arabia, shipped 7.42 million barrels…http://alternativeenergy.com.pk/international-news/saudi-arabia-kuwait-and-venezuela-cut-march-crude-exports-as-west-africans-boost-shipments-organization-of-petroleum-exporting-countries-increased-shipments/ Boost Shipments, Crude Exports, Energy Industry, Exporting Countries shipments, Kuwait, Middle East, Organization of Petroleum, Saudi Arabia, Venezuela, West Africans
Kuwait’s government reshuffled the board of Kuwait Petroleum Corp., naming a new chief executive officer, and suspended “leading officials” at Petrochemical Industries Co. following a $2.19 billion compensation payment to Dow Chemical Co.
The government’s legal body was also asked to…http://alternativeenergy.com.pk/oil-gas-energy/kuwait-cabinet-reshuffles-kpc-board-appoints-new-ceo-after-dow-leading-officials-at-petrochemical-industries-co/ Appoints CEO After Dow, Energy Industry, Executive, Kuwait Cabinet, leading officials, Middle East, Petrochemical Industries Co., Reshuffles KPC Board