Economics & Oil Market News

MARKET WATCH: EU inaction pulls down oil prices

May 24, 2012 Oil prices fell May 23 on the perception government leaders attending a discordant European Union summit in Brussels lack the political will to resolve the international economic problems that are ...

MARKET WATCH: Economic concerns set back oil prices

May 23, 2012

Oil prices inched higher most of the day but retreated in late trading May 22, with crude down 1% in the New York market among festering financial problems in the Euro-zone.

Analyst sees near-term natural gas prices below $3/MMbtu

May 23, 2012 Natural gas prices are expected to hover below $3/MMbtu for 6-24 months, primarily bouncing between $1.75/MMbtu and $2.50/MMbtu, David Cunningham, managing director of Tudor, Pickering, Holt & ...

Massive investment needed for oil, gas facilities, experts say

May 22, 2012 Billions of dollars will be needed to build additional pipelines, terminals, and storage facilities to bring new US oil and natural gas resources to market, experts said on May 21 during Deloitte L...

MARKET WATCH: Equity, crude oil prices rebound

May 22, 2012

A rebound in the broader market help lift energy prices with the soon-to-expire front-month crude contract climbing 1.2% May 21 in the New York market.

MARKET WATCH: European crisis weights down oil prices

May 21, 2012

Commodity and equity markets generally declined May 18 among global concerns over sluggish economies and the seemingly inevitable exit of Greece from the Euro-zone.

Regulation, good and bad

May 21, 2012 Polarization of US politics distorts conversation about regulation. The oil and gas industry has witnessed too often the default assertion that one side supports regulation while the other opposes ...

IEA: Global oil demand growth accelerating

May 21, 2012 After posting near-zero annual growth in the fourth quarter of 2011, global oil demand growth will gradually accelerate throughout 2012, culminating in an increase of 1.2 million b/d by this year's...

Analyst: US unconventional liquids production could mean zero net oil imports

May 18, 2012 Production from unconventional liquids plays could result in the US becoming independent from oil imports before 2020, an analyst told attendees at an International Association of Drilling Contract...

API: Gasoline demand posted small increase in April

May 18, 2012 While total US demand for oil products dipped in April, gasoline demand climbed almost 1% from a year earlier to average 8.842 million b/d, according to the latest monthly statistical report from t...

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