http://www.topoilnews.com Extensive coverage of oil news and articles, oil prices. Mon, 08 Feb 2010 08:13:17 +0000 http://backend.userland.com/rss092 en Oil prices ended the week at the lowest level in nearly two months, weighed down by a stronger dollar and persistent doubts about the health of the global economy. Crude prices have now dropped more than 14 percent since cresting at a 15-month high of $83.18 a barrel on Jan. ... http://www.topoilnews.com/2010/02/oil-falls-toward-70-a-barrel/ OPEC is leaving its production quotas unchanged, opting to take a cautious approach in a market awash in crude and a global economy still in the early stages of recovery. The 12-nation Organization of Petroleum Exporting Countries early Thursday said "market fundamentals have remained weak," even though current oil prices at ... http://www.topoilnews.com/2009/09/opec-is-leaving-its-production-quotas-unchanged/ The Organization of Petroleum Exporting Countries (OPEC) meets in Vienna on Wednesday, with most analysts expecting the producer group, the source of more than a third of the world's oil supply, to maintain its official output target stable around $70. Oil prices pushed toward $69 a barrel in thin trade on ... http://www.topoilnews.com/2009/09/opec-ministers-meeting-in-vienna/ Crude oil prices slid to $67.26 per barrel on the New York Mercantile Exchange Tuesday, as U.S. stock markets closed flat for the second consecutive day. Prices for light, sweet crude fell 98 cents from Monday's closing price. Heating oil prices fell marginally, down 0.0176 cents to $1.7705 per gallon. Reformulated ... http://www.topoilnews.com/2009/07/crude-oil-prices-drop-tuesday/ Oil prices rose even after report that US supplies of the fuel declined by one million barrels last week, increasing optimism that energy demand will recover soon. The government reported that the nation is consuming less than it has in years and that inventories are the highest in nearly two ... http://www.topoilnews.com/2009/05/crude-price-rises-towards-55-dollar-mark/ Russia is poised to hold a conference in Moscow and invited OPEC representatives to take part and discuss the procedure for setting oil prices, Deputy Prime Minister Igor Sechin said during a meeting with President Dmitry Medvedev. Sechin indicated that Moscow would suggest a gradual transition to the new system ... http://www.topoilnews.com/2009/03/russia-invites-opec-to-discuss-oil-prices-in-moscow/ President Hugo Chavez is vowing that Venezuela will provide China with all the oil it needs "for the next 200 years." Chavez spoke Tuesday to a visiting delegation led by Chinese Vice President Xi Jinping. The two nations are expected to sign a series of accords on Wednesday. Caracas sees China ... http://www.topoilnews.com/2009/02/venezuela-build-oil-tankers-refineries-china/ Oil rose back above $34 a barrel Friday in Asia after concerns about weakening U.S. consumer demand sent crude near five-year lows overnight. Light, sweet crude for March delivery rose 41 cents to $34.39 a barrel by afternoon in Singapore on the New York Mercantile Exchange. The contract fell $1.96 overnight ... http://www.topoilnews.com/2009/02/oil-prices-settles-below-34/ 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 ... http://www.topoilnews.com/2009/01/oil-prices-fell-to-35-a-barrel/ 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 ... http://www.topoilnews.com/2008/12/russia-has-reduced-the-export-duty-on-oil/