Stay Connected

Hope floats oil prices

06/08/2009
By Sam Fletcher
The brief May 28 meeting of members of the Organization of Petroleum Exporting Countries essentially “was over before it started” after Saudi Arabia Oil Minister Ali I. al-Naimi said in advance that the world economy is showing enough signs of recovery to cope with $75-80/bbl oil, said analysts at KBC Market Services, a division of KBC Process Technology Ltd. in Surrey, UK.The July contract for benchmark US crudes escalated to $65.08/bbl on the New York Mercantile Exchange after OPEC voted to maintain its 24.85 million bbl production ceiling for the 11 members other than Iraq. It continued climbing to $66.31/bbl May 29, capping a five-session rally with the highest closing sin...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.