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 [...]
Sep 03 2008
World market prices for oil on the basis of bidding on September 2, 2008 at the leading oil exchanges declined significantly. Official oil futures prices coming month deliveries were: in London at the InterContinental Exchange Futures – IPE Brent Crude – 108,34 $US / bbl., in New York at the New York Mercantile Exchange – [...]
Aug 05 2008
The World Bank has urged the Philippines to ensure that the increase in oil prices does not compromise its fiscal position, stressing that it should not remove the tax on oil. “As the country comes off several years of fiscal consolidation by lowering deficits and raising revenues, it will be important that the oil shock [...]
Jul 28 2008
Russia and Venezuela – two major oil powers and concerted action from these countries depends ensuring energy security. The talks with Russia President Hugo Chavez proposed the creation of a strategic alliance in the energy field. Also at the talks by representatives of Russian companies «TNK-BP», «LUKOIL» and «Gazprom» signed several agreements with the Minister [...]
Jul 24 2008
World market prices for oil on July 22, 2008 at the leading oil exchanges declined significantly. Official oil futures prices coming month deliveries were: at the InterContinental Exchange Futures – 129,55 US$/bbl. (IPE Brent Crude); at the New York Mercantile Exchange – 127,95 US$/bbl (Light, Sweet Crude Oil). The price of oil began the session [...]