SINGAPORE: Oil prices were lower in Asian trade Monday on the stronger US dollar and as investors await latest economic growth estimates from the United States, the world’s top oil consumer, analysts said.
New York’s main contract, West Texas Intermediate light sweet crude for…http://alternativeenergy.com.pk/international-news/oil-extends-losses-in-asian-trade-on-the-stronger-us-dollar-and-as-investors-await-latest-economic-growth-estimates/ Asian trade, Oil prices
Oil prices ended slightly higher on Tuesday in sluggish trading as the market awaited the Federal Reserve’s policy statement on Wednesday that is expected to show whether it will reduce its monetary stimulus. The program has been largely supportive of oil prices. Brent oil was off an…http://alternativeenergy.com.pk/international-news/oil-prices-ended-slightly-higher-oil-gains-moderately/ Federal Reserve’s policy statement, Oil prices
1. Oil and the Global Economy
Oil prices rebounded some $4 a barrel last week to close at $96.03 in New York and $104.56 in London. Optimism about the US economy, rising equity markets, an increase in US demand – some of which may be going to exports, and a large drop in crude inventories…http://alternativeenergy.com.pk/oil-gas-energy/peak-oil-review-june-10-oil-and-the-global-economy/ Chinese economy, Middle East conflicts, Oil Global Economy, Oil prices
The US Energy Information Administration recently released its report showing oil consumption by country updated through 2012. Based on this report, it appears that at current high oil prices, demand in both China and India is being reduced. Thus, for those who are wondering how high oil…http://alternativeenergy.com.pk/international-news/high-oil-prices-starting-to-affect-china-and-indiaenergy-security-us-energy-information-administration/ China, economic development, Energy and Economy, Energy Security, Finance, high oil prices, India, Oil, Oil prices, Politics & Legislation, Risk Management, US Energy Information Administration
If you follow energy closely, you’ve likely lost count of the number of times you’ve heard an economist, executive or government official explain that oil prices are set by the global market, and not by oil companies or the US government. Although somewhat over-simplified, this…http://alternativeenergy.com.pk/international-news/could-us-oil-trends-alter-how-oil-prices-are-set-oil-prices-are-set-by-the-global-market/ Department of Energy (DOE), Energy and Economy, Energy Security, Finance, Geothermal Energy, Global Energy, global oil market, News, Oil, Oil prices, Politics & Legislation, US government, US oil production
They say that every cloud has a silver lining. If future energy consumption (which is mostly fossil fuel) drops because of a financial collapse brought on by high oil prices and other limits, then, at least in theory, climate change should be less of a problem. One of the important variables…http://alternativeenergy.com.pk/international-news/oil-limits-and-climate-change-peak-oil-demand-is-already-a-huge-problem/ Carbon and De-carbonization, Climate, climate change, co2, Energy and Economy, energy consumption, Environment, Finance, future energy consumption, Oil, Oil prices, Risk Management
NEW YORK: Oil prices fell for the first time in five days Tuesday, the eve of Federal Reserve chief Ben Bernanke’s highly anticipated testimony to Congress on the outlook for the US economy.
The market also awaited the US Department of Energy’s weekly report Wednesday on the…http://alternativeenergy.com.pk/national-news/oil-prices-snap-four-straight-days-of-gains-us-department-of-energys-weekly-report/ Oil prices, US Department of Energy’s, weekly report
Increasing U.S. domestic production of oil matters. Energy Information Administration (EIA) chief Adam Sieminski had this analysis at an energy conference earlier this week (h/t Breaking Energy):
“There’s a fairly significant, long-standing relationship between spare production capacity in…http://alternativeenergy.com.pk/international-news/rising-u-s-oil-supply-and-the-impact-on-global-markets-energy-information-administration-eia/ Breaking Energy reports, Brent crude, domestic oil and gas, Energy and Economy, Energy Information Administration (EIA), Finance, Global Markets, Oil, Oil prices, Rising U.S. Oil Supply
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