Economics & Oil Market News

MARKET WATCH: WTI price dips, natural gas price rises in mixed market

Feb 7, 2012

The front-month crude contract dipped below $97/bbl in a mixed New York market Feb. 6, but front-month natural gas rebound 1.9% on forecasts of colder weather across the US.

MARKET WATCH: Oil prices rebound in New York; gas futures price drops again

Feb 6, 2012 Oil prices rebounded Feb. 3 after the US Department of Labor reported unemployment has fallen to 8.3%—the lowest level since February 2009. But natural gas gave back a sizeable portion of the previ...

MARKET WATCH: Natural gas breaks losing streak; WTI continues falling

Feb 3, 2012 The front-month natural gas contract jumped 7% on Feb. 2, ending a 3-day losing streak in the New York futures market. Front-month crude, meanwhile, dropped more than 1% while in London the price o...

MARKET WATCH: Natural gas, crude prices continue falling in US market

Feb 2, 2012 Natural gas prices continued to drop, down 5% Feb. 1 in the New York futures market on reports of record-high supply levels and milder weather, while crude declined 1% to less than $98/bbl followin...

BP forecast plots Western Hemisphere unconventional supply growth

Feb 1, 2012 The growth of unconventional energy supplies—including oil and gas from US shales, Canadian oil sands, and Brazilian deepwater production—will make the Western Hemisphere close to completely energy...

MARKET WATCH: Natural gas price falls; crude fails to break $100/bbl barrier

Feb 1, 2012 The front-month natural gas contract dropped a hair-raising 7.7% Jan. 31 in the New York futures market while crude made another unsustainable lunge above the $100/bbl barrier before resuming its s...

MARKET WATCH: Crude oil, natural gas prices sag

Jan 31, 2012 Energy prices declined across the board Jan. 30 with the front-month crude contract again temporarily cresting the $100/bbl barrier in the New York market, before closing at a 1% loss. Natural gas ...

Frost & Sullivan: Europe's refineries face 'further turmoil'

Jan 30, 2012 The pending bankruptcy of refiner Petroplus is only the start of further problems for nearly 40% of the European Union’s 104 refineries now in need of refurbishment, according to a new consultancy ...

MARKET WATCH: Crude oil prices decline in mixed market

Jan 30, 2012

Crude oil prices continued to decline but natural gas rebound Jan. 27 in the New York futures market with traders still worried about economic problems in the European Union.

IMF: Cut in Iranian crude could boost prices 30%

Jan 27, 2012

Global oil price could rise by as much as 30% if Iran halts oil exports as a result of sanctions by the US and the European Union, according to a report by the International Monetary Fund.

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