GO
Loading...

OPEC

More

  • OPEC Trims 2008 Global Oil Demand Forecast Thursday, 15 May 2008 | 6:53 AM ET

    OPEC on Thursday trimmed its forecast for global growth in oil demand in 2008, the latest sign that record-high oil prices are putting the brakes on consumption.

  • Oil Prices End Down Near $124 as U.S. Supply Rises Wednesday, 14 May 2008 | 3:33 PM ET

    U.S. light, sweet crude for June delivery fell $1.58 to settle at $124.22 a barrel Wednesday on the New York Mercantile Exchange.

  • Oil Prices Finish Volatile Day Just Below $126 Tuesday, 13 May 2008 | 1:07 PM ET

    Oil prices didn't set a Nymex closing record Tuesday, but they came very close.

  • Oil Falls Back From Record Highs on China Demand Monday, 12 May 2008 | 10:01 AM ET

    Oil slipped from a record high over $126 a barrel Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand.

  • Oil Settles Near $124, Posting Yet Another Record Thursday, 8 May 2008 | 4:38 PM ET

    U.S. crude oil futures ended at a record high on Thursday, fueled by yet another rally in heating oil futures, which hit a new peak.

  • Oil Finishes at New Record Peak Above $123 Wednesday, 7 May 2008 | 3:05 PM ET

    Oil prices climbed to a fresh closing peak of above $123 a barrel despite a big increase in U.S. crude supples.

  • Crude Oil Closes At Record Of Nearly $122 a Barrel Tuesday, 6 May 2008 | 1:06 PM ET

    Crude oil prices closed at yet another record of $121.84 a barrel on Tuesday after a forecast that prices will just keep climbing.

  • Why Crude-Oil Prices Just Keep Going Up and Up Tuesday, 6 May 2008 | 11:06 AM ET

    Robust demand for crude and a weak dollar have fuelled the rally from a dip below $50 at the start of 2007 to $120 a barrel and above.

  • Oil Jumps Nearly $4 to Record $119.97 Close Monday, 5 May 2008 | 4:37 PM ET
    Oil Refinery

    Crude oil futures leaped to a new all-time high above $120 a barrel, as supply concerns grew and the U.S. dollar weakened against the euro. Retail gasoline and diesel prices eased over the weekend, although pricier oil threatens to push them higher again.

  • Oil Ends Up at $116.32 on Jobs Optimism Friday, 2 May 2008 | 4:48 PM ET

    Oil jumped more than 3 percent to over $116 a barrel Friday, after a report -- showing the U.S. economy lost fewer jobs than feared in April -- eased worries about the country's economic health.

  • Oil Ends Down at $111.82 on Stronger Dollar Thursday, 1 May 2008 | 2:57 PM ET

    Another jump in the dollar and the end of an oil workers' strike in Nigeria sent crude prices falling Thursday, as speculators who drove crude futures to nearly $120 pulled out of the market. Retail gas prices, meanwhile, rose to a new record above $3.62 a gallon.

  • Oil Falls Below $115 but Rebounds After Fed Decision Wednesday, 30 Apr 2008 | 2:34 PM ET

    Oil fell $2 a barrel, extending a retreat from a record high this week to more than 5 percent after a US government report showed crude oil stockpiles rose much more than expected in the world's top energy consumer.

  • Oil Below $116 as Dollar Rises, UK Strike Ends Tuesday, 29 Apr 2008 | 1:58 PM ET
    Locals ride a canoe past oil instalations belonging to the Mobil oil company in Bonny Island, Nigeria, Thursday, Aug. 17, 2006. Militant groups using kidnappings and sabotage attacks to press their demands for a share of the region's oil wealth, which they accuse the central government of stealing, have made southern Nigeria a volatile place. (AP Photo/George Osodi)

    Oil fell more than $3 a barrel on Tuesday, retreating further from a record high hit a day before, as the dollar firmed and a strike ended at Britain's Grangemouth refinery.

  • Oil Ends Up at $118.75 After Hitting Record Tuesday, 29 Apr 2008 | 1:55 PM ET

    Oil hit a fresh peak near $120 a barrel on Monday as supply outages in Nigeria and Britain shut down nearly 2 million barrels per day (bpd) of output in the Atlantic Basin.

  • OPEC President Says $200 Oil Possible: Report Monday, 28 Apr 2008 | 6:06 AM ET

    OPEC President Chakib Khelil does not rule out oil prices reaching $200 a barrel, even though supply is adequate, because the market is driven by the dollar's slide, Algerian government newspaper El Moudjahid reported on Monday.

  • Oil Ends Up at $118.52 on Strike, Iran Tension Friday, 25 Apr 2008 | 3:32 PM ET

    Oil settled up over $118 -- down from its intra-day high above $119 -- aafter a workers strike cut production in Nigeria and tensions rose between the United States and Iran

  • Oil Settles Lower, Near $116, on Dollar Strength Thursday, 24 Apr 2008 | 3:42 PM ET

    Oil settled slightly above $116 a barrel on Thursday as the dollar firmed and investors booked profits after crude rallied to a record high earlier this week.

  • Oil Ends Up at $118.30; Down from Tuesday's High Wednesday, 23 Apr 2008 | 4:31 PM ET
    Oil Refinery

    Oil rose on Wednesday after U.S. government data showed a bigger-than-expected decline in gasoline stocks ahead of the summer driving season, offsetting a build in crude inventories.

  • Crude Oil Settles Above $119 for the First Time Tuesday, 22 Apr 2008 | 2:48 PM ET

    Oil surged more than $2 to close at a record settling price near $120 a barrel on Tuesday as supply concerns from Nigeria and the North Sea propelled crude higher.

  • Oil Sets Another Record, Settling Above $117 Monday, 21 Apr 2008 | 3:08 PM ET

    Crude oil prices hit a record closing high over $117 a barrel on Monday as rebel attacks cut Nigerian supplies and a Scottish refinery strike threatened North Sea crude production.