Sultanate’s oil exports in first eight months of 2009 up 10.1%

The Falling U.S. Dollar Is A Good Thing

By: amalgam80

The strength of the U.S. dollar is in trouble. In March a $1.25 bought you 1 euro, now it takes $1.50. But I’m here to tell you that this may not be a bad thing, at this time.   Over the long term, a weaker dollar could narrow the long-running United States trade deficit, helping close the gap between exports and imports, as American ...

25 days ago

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 ...

10 days ago

Iraq signs oil field development contract with British and Chinese oil ...

By: northsunm32

Back in 2007 the Bush administration had made the passing of an oil law a benchmark of progress in Iraq. There is still no oil law and consideration of an oil law will not take place until after after the January elections--assuming they actually take place in January! While waiting for the law to be passed the Iraqi govt. has nevertheless been ...

24 days ago

Oil falls below $79; U.S. inventory in focus

By: dustgeer

Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks outweighed both a weak dollar near 15-month lows and an IEA report that said global oil demand will return to growth this quarter.Delayed weekly inventories data out of the world’s largest fuel consumer the United States are set to show a 700,000 barrel rise ...

15 days ago