1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Market Journal 2008 P2

  • 08/11/2008 -- Another oil price spike predicted
    Unless demand for oil collapses within 5-10 years, the world will experience a serious "supply crunch" with prices shooting above $200/bbl for crude, according to a report from Chatham House.
  • 08/04/2008 -- July was bad for oil
    US crude dropped $15.92/bbl in July for the biggest dollar loss in a single month since it began trading on the New York Mercantile Exchange.
  • 07/28/2008 -- A week of falling prices
    The biggest ever work-week fall of crude prices dropped a total $16.20 July 14-18 to $128.88/bbl.
  • 07/21/2008 -- Dollar values and oil prices
    For months now, OPEC members and many western analysts have blamed the weak US dollar as a primary cause of the escalation of oil prices.
  • 07/07/2008 -- Chinese demand pushes oil prices higher
    Increased energy consumption in China and other developing countries is outstripping demand destruction in the US and Europe and is pushing oil prices still higher, analysts said.
  • 06/30/2008 -- Markets ignore rumors of war
    There was virtually no reaction in world oil markets when Iran denied the rumor that Israeli aircraft had attacked its nuclear facilities on June 23, saying such an act would be "impossible."
  • 06/16/2008 -- Angry officials mull market controls
    Diplomatic and government policy responses appear to be coming to a head in a climate of accusations over high energy prices, said industry analysts.
  • 06/09/2008 -- Crude prices make record leap
    In the biggest one-day gain ever, the July contract for benchmark US light, sweet crudes shot to a record high of $139.12/bbl in intraday trading June 6 on NYMEX.
  • 06/02/2008 -- Energy is top political issue
    From a record intraday high of $135.09/bbl May 22, the contract for benchmark US light, sweet crudes closed at $127.35/bbl May 30, following the May 26 Memorial Day holiday on NYMEX.
  • 05/19/2008 -- Earthquake may shake energy market
    After the massive May 12 earthquake hit the Sichuan province of central China, damage to hydroelectric and nuclear power plants could prove critical to energy markets.
  • 05/12/2008 -- Energy prices continue climbing
    The June contract for US light, sweet crudes jumped to a record of $126.27/bbl May 9 on NYMEX before closing at a record $125.96/bbl, gaining a total $9.64/bbl over five trading sessions that week.
  • 05/05/2008 -- OPEC's position strengthens
    Growing demand for crude combined with the slowdown in production of new supplies in other countries is placing the Organization of Petroleum Exporting Countries in a powerful position, say industry analysts.
  • 04/28/2008 -- Distillate demand driving market
    Growing demand for middle distillate fuels in Asia and Europe has created a world shortage that can only be resolved by processing more crude to produce these straight-run products.
  • 04/14/2008 -- Energy prices climb
    The front-month contract for benchmark US crudes jumped past $112/bbl Apr. 9 following a report that inventories of crude, gasoline, and distillate fuel fell to unexpectedly low levels in the week ended Apr. 4.
  • 04/08/2008 -- Quarter ends with bang
    The fluctuation of crude futures prices on the New York Mercantile Exchange in March ended the first quarter of 2008 with a bang, said Paul Horsnell, Barclays Capital Inc., London.
  • 03/31/2008 -- Dollar value, crude prices fluctuate
    The May benchmark US crude contract jumped above $107/bbl Mar. 27 in the New York market following the bombing of a primary export oil pipeline in southern Iraq.
  • 03/17/2008 -- Measuring 'extreme' oil prices
    For seven sessions Mar. 5-13, the front-month crude contract consecutively set record high prices on the New York Mercantile Exchange as the US dollar fell.
  • 02/18/2008 -- Greenspan: Odds favor recession
    At Cambridge Energy Research Associates' annual energy conference in Houston, former Federal Reserve Chairman Alan Greenspan said there is a "50% or better" chance that the US will experience an economic recession that will curtail energy demand.
  • 02/04/2008 -- Mid-East demand up as OPEC holds output
    As expected, OPEC ministers made no production changes at their Feb. 1 meeting in Vienna, despite pressure from the US and other large consuming countries to increase output.
  • 01/28/2008 -- Government action revitalizes markets
    Fears of recession and unauthorized trading at an international French bank battered equity markets, forcing government action that caused US energy prices to rebound in late January.
Related Articles

Noble still negotiating with Israel on gas field developments

09/04/2015 Houston independent Noble Energy Inc. reiterated Sept. 3 that it is still in negotiations with the Israeli government regarding the development of ...

Report highlights the difficulty of regulating climate

09/04/2015

Another reminder has emerged about the difficulty of regulating climate.

PTT Global Chemical lets contract for Ohio ethylene complex

09/04/2015 PTT Global Chemical (PTTGC), Thailand’s integrated petrochemical and refining company, has let a contract to a team led by Fluor Corp. for front-en...

Taiwan’s Formosa eyes Louisiana for grassroots ethylene project

09/04/2015 Formosa Petrochemical Corp. (FPC), a member of Taiwan’s Formosa Group, is evaluating the possibility of building a $9.4-billion ethane cracking and...

BHI: Down 13 units, US oil rig count falls for first time in 7 weeks

09/04/2015 The overall US drilling rig count’s 13-unit drop during the week ended Sept. 4 entirely comprised oil-directed, land-based units, according to data...

Chevron settles with California litigation firm over Ecuadorian lawsuit

09/04/2015 Chevron Corp. has reached a settlement agreement whereby H5, a California-based e-discovery and litigation services firm, has withdrawn its support...

Smorbukk South ‘fishbone’ well flow starts

09/04/2015 Statoil ASA has started production from the low-permeability Smorbukk South Extension of Asgard oil and gas field in the Norwegian Sea with what it...

NPD reports small oil discovery by Statoil

09/04/2015

The Norwegian Petroleum Directorate reported a small oil discovery by Statoil Petroleum AS in the northern North Sea.

MARKET WATCH: NYMEX oil prices holding steady before Labor Day weekend

09/04/2015 The price for light, sweet crude oil for October delivery settled modestly higher on the New York market to remain above $46/bbl on Sept. 3 before ...
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts

On Demand

OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST


Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected