Oil Ink: OPEC Slashes Output, Crude Price Falls

OPEC did exactly what it promised in Vienna, slashing oil output by 1 ... two years and crude futures fell to $63 in New York. With global demand for oil retrenching ... the cartel’s official forecasts. The Washington Post quotes the Qatari oil minister saying “We hate [more...]

Date: 2008-10-24 12:24:06

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Oil E&P Firms Mixed as Crude Hovers at $38; ‘09 Recovery?

Shares of the major oil and gas exploration and production firms were mixed today as crude oil futures slipped to 38 ... the rise of U.S. oil reserves, which are up 10% this year. The article quotes Sarah Emerson, head of Energy [more...]

Date: 2008-12-30 19:17:05

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