Industry Articles
May 29, 2009 –– Oil heads for biggest monthly gain since 1999 | Chron.com
Oil prices extend rally to above $66 a barrel Friday to hit a fresh six-month high, after the U.S. reported a fall in oil inventories to further signs of an improving economy.
May 27, 2009 –– Oil Rises to a 6-Month High After Saudi Forecasts $75 a Barrel | Bloomberg
Oil rose above $63 a barrel for the first time in six months after Saudi Arabia’s oil minister said crude is likely to touch $75 by the end of the year.
May 21, 2009 –– Bust and Boom | Economist.com
The precipitous fall in oil prices over the past year may just be paving the way for another spike.
May 20, 2009 –– Oil Rally to Meet Test at 200-Day Average: Technical Analysis | Bloomberg
Crude oil, up 36 percent this year, may extend its rally should prices cross their 200-day moving average, technical analysis from Petromatrix GmbH suggests.
April 10, 2009 –– Enjoy the cheap petrol, while it lasts | Sydney Morning Herald
With demand on the rise, existing wells drying up and a dearth of big discoveries, the oil price is only headed in one direction.
April 9, 2009 –– Peak Oil: China vs. U.S.A | seekingalpha.com
While US politicians and policymakers continue to hold meetings in Washington, DC in an attempt to solve a commodity problem (oil) with financial tom-foolery (it simply will not work), let’s look at what China has been up to…
March 26, 2009 –– Rising Fear of a Future Oil Shock | New York Times
Sharp reductions in investments and low oil prices could curb future supplies by almost eight million barrels a day within the next five years, according to a study scheduled for release Friday, the latest warning that the world could face a new energy shock when the economy picks up.
March 17, 2009 –– Falling Oil Supply Risks a Price Rise | Wall Street Journal
The slowdown in investment in oil and gas production could lop off nearly eight million barrels a day of future oil supply growth, setting the stage for another big crude price surge in years to come, according to a new study.
March 3, 2009 –– Oil Company Cutbacks May Raise Gas Prices Down the Road | USA Today
Oil companies are slashing new investment and production far more sharply than analysts projected just a couple of months ago, a strategy analysts say could lead to shortages and higher gas prices when consumption rebounds. And, analysts say, a standoff between the oil giants and their suppliers over the cost of rigs, labor and other expenses could prolong the investment slowdown.
March 2, 2009 –– Squandered Opportunities? | Wall Street Journal / Market Watch
Commentary: Smart traders know oil’s retreat is temporary…
