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IEA to review emergency reserves oil release

The release of emergency oil reserves by the IEA which sent shock waves throughout the oil and foreign exchange market is set to be reviewed by the IEA at the end of this week. It is estimated that there could … Continue reading →

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Iran halts oil supply to Indian refiners in Aug-sources
The Guardian

2011-07-21

* Iran has not made Aug oil allocations to Indian refiners * Tehran not offered additional Aug volumes to China so far -sources * Saudi Aramco source says India seeking August supplies (Updates with...

Boosting Oil Production With Bacteria
WPXI

2011-07-21

NEW YORK (CNNMoney) -- In the days of rising oil prices and fears of dwindling supplies, it makes sense to get as much crude as possible out of any given well. After a well is drilled its natural...

Sensex ends below 18450; realty, banks, oil&gas; slip
The Times of India

2011-07-21

MUMBAI: Benchmarks ended in the negative terrain for second consecutive session due to lack of buying activity amid weak global cues. Realty, banks and oil&gas; stocks were amongst the top sectoral...

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US housing data helps crude oil prices higher
Oil Marketer

2011-07-19

Crude oil prices were higher Tuesday on new data showing US housing starts up in June, raising hopes that the economy is on the way to recovery, which could help oil demand. August contracts for West...

Oil-covered dead sea birds found on Chesil Beach
BBC News

2011-07-19

Dead sea birds covered in oil have been found washed up on Dorset's Jurassic Coast. About half a dozen birds, including fulmars, gannets and guillemots, were discovered along Chesil Beach, near...

Libya rebels claim control of oil town, US holds talks
Breitbart

2011-07-19

Libyan rebel fighters near Brega. Libyan rebels said they had won control o... Libya's rebels said they were in control of Brega as loyalist forces retrea... A Libyan rebel fighter flashes the victory...

Libya Rebels Claim To Have Routed Most Of Gaddafi's Troops In Oil Town Of Brega, ...
Huffington Post

2011-07-19

By Nick Carey MISRATA, Libya, July 18 (Reuters) - Rebel forces have routed most of Muammar Gaddafi's troops in the Libyan oil town of Brega in the biggest boost of their campaign in weeks, spokesmen...

Oil Prices Plummet on Global Debt Stress
The Street

2011-07-18

West Texas Intermediate light sweet crude oil for August delivery was tumbling $2.14 to $95.10 a barrel, while the September Brent crude contract was slumping by $1.35 to $115.91. The U.S. dollar...

Oil below $97 amid debt crisis, US economy jitters
Newsday

2011-07-18

Quick ReadOil slips below $97 in Europe as EU debt crisis, US economic weakness dampen sentiment Oil prices slipped below $97 a barrel on Monday as weakening U.S. consumer confidence and more signs of...

Libya rebels fighting to capture eastern oil town
Hartford Courant

2011-07-18

, (Reuters) - Libyan rebel forces on Sunday entered the oil town of Brega and fought street battles there with forces loyal to , a rebel spokesman said, in the biggest offensive in eastern Libya in...