Investors, not demand, driving up price of gas
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Petrol price down Rs5, diesel up Rs3.50
By: owa15
The government of Pakistan has revised petroleum prices whereby petrol price has been slashed by Rs5 per litre while rates of High Speed Diesel and koresene oil have been raised by Rs3.5 per litre.The new petroleum prices will remain effective for next 15 days. According to sources, the government is still giving a subsidy of Rs. 10 per litre on ...
about 1 month ago
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RIL contribution to oil and gas industry
By: ranjitsinha
Gas output to rise 98%, oil 29-33% by 2012-13: In spite of a poor response to Nelp VIII and CBM IV auctions, the country’s exploration and production (E&P) is set to scale greater heights. The country is under explored, with only 22% of its exploration acreage being moderate-to-well explored and a significant part of the unexplored...
about 1 month ago
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Oil Reaches YTD High of Over $75 Per Barrel
Oil Reached a YTD High of over $75usd Per Barrel today. Thew Dollar index has fallen lower and helped bring up the price of commodities in general. Meanwhile the Dow Jones Industrial Average has made a new YTD high crossing the psychologically significant 10,000 mark which also helped oil. Gold is now trading nearly even today after falling a bit ...
about 1 month ago
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OIL FUTURES: Crude Rises Near $80; Market Awaits EIA Data
By: azhar12
Crude oil futures rose Wednesday, moving closer to the $80 mark after data from the American Petroleum Institute showed a larger-than-expected drawdown in US crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $79.54 a barrel at 0553 GMT, up 40 cents in the ...
8 days ago
- News Source: Chicago Tribune | about 1 month agoSoutheast Asian art is leading a recovery in the Asian market, taking some of the spotlight from China, after the global economic downturn sent art prices plummeting globally, said a leading auctioneer. "The global financial crisis caused a big...
- News Source: San Francisco Chronicle | about 1 month agoBig institutional investors are once again pushing up the price of oil, and gasoline prices in most of the country are rising as a result. Images More Business A barrel of crude oil sold on the New York Mercantile Exchange now costs more than $81,...
- News Source: San Francisco Chronicle | about 1 month agoOil prices rose to near $82 a barrel Friday in Asia, just below a one-year high, as signs the global economic recovery is gathering pace fueled investor optimism. More Business Benchmark crude for December delivery rose 51 cents to $81.70 a barrel...
- News Source: Uinta County News | about 1 month agoSparked by a cold snap in the northeast, home heating fuels are climbing even though supplies are well above normal for this time of year. Natural gas surged over $5 per 1,000 cubic feet and heating oil jumped above $2 a gallon in the past week.
- News Source: Tulsa World | about 1 month agoA weak dollar is cited, since demand is weak and stockpiles high. Published: 10/22/2009 2:29 AM Last Modified: 10/22/2009 2:29 AM Crude oil topped the $80 mark Wednesday, its highest level in a year, but few producers are anticipating a shiny...
- Blog Source: www.washingtonexaminer.comMeanwhile, oil prices slipped below $81 a barrel Thursday as a wobbly U.S. dollar gained against other currencies. Crude is bought and sold in dollars, so if the value of the dollar rises, an investor holding euros or Japanese yen can't ...
- Blog Source: www.washingtonexaminer.comSparked by a cold snap in the northeast, home heating fuels are getting more expensive even though supplies are well above normal for this time of year. Heating oil futures spiked with crude oil contracts last week. Retail prices ...
- Blog Source: blog.taragana.comHeating oil, natural gas prices rise in OctoberNEW YORK — Sparked by a cold snap in the northeast, home heating fuels are getting more expensive even though supplies are well above normal for this time of year.
- Blog Source: www.washingtonexaminer.comOil prices slipped below $81 a barrel Thursday, retreating from a 2009 high, as a wobbly US dollar steadied in Asian trading. ... Traders also eyed a smaller than expected rise in U.S. crude supply data from the Energy Information Administration on
- Blog Source: www.temasekreview.comThe price of crude oil has crossed the US$80 a barrel mark for the first time in a year, prompting concerns that an unchecked rise in oil prices could derail the fragile economic recovery. Oil prices are now up about 10 per ... Another factor driving
- Blog Source: aworldofprogress.com... and the price went back down. In the past couple of weeks, the price of gasoline has increased dramatically after a short drop. What's spurring the price rise? The same thing that triggered the global economic collapse in 2008: greed and trading
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