Jan 16 2009
Oil prices languished near $35 a barrel Friday in Asia as traders eyed a weakening U.S. economy and falling global demand that’s sent crude down a third since last week.
Light, sweet crude for February delivery was down 2 cents at $35.38 a barrel by midday in Singapore in electronic trading on the New York Mercantile [...]
Dec 10 2008
According to the ruling of Russian government № 876 (26 November, 2008) the amount of export duty on oil will be $192.1 per ton. Duty on light oil products will be $141.8 per tonne, on dark - $76.4 dollars per tonne.
This ruling will protect Russian oil exporters from the crisis in the oil market. Earlier, [...]
Dec 04 2008
Oil prices closed at less than $47 a barrel on Tuesday as news that OPEC made only two-thirds of its pledged output cuts last month outweighed a rebound in the U.S. stock market. New York light sweet crude for January dropped $2.32 to close at $46.96, the first time the benchmark contract has settled below [...]
Nov 19 2008
Oil’s decline deepened to below $54 a barrel on Wednesday, pressured by economic weakness that will further erode the world’s demand for fuel. U.S. crude fell to $53.30 a barrel, its lowest since January 2007, and by 8:11 a.m. EST was trading 61 cents lower at $53.78. Oil has dropped by nearly two-thirds from a [...]
Oct 17 2008
World prices for oil futures continued to fall. On the stock market price of oil fell another 6.3% and established by the end of the day below 70 U.S. $ / bbl. In New York, at the official price of NYMEX futures Light, Sweet Crude Oil (November) fell 4 cents to $ 69 and settled [...]