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Drumbeat: December 19, 2009
16 hours ago ago from Climate Vine
OPEC may need to cut supply in 2010, not now: PFC LUANDA: OPEC could have to cut oil supply by 1 million barrels per day (bpd) early in 2010 if weak demand results in a further rise in already swollen global inventories, consultancy PFC Energy said in a report. The Organization of the Petroleum Exporting Countries meeting in Angola on Tuesday was expected to keep supply steady because of concern any cut could push prices higher and ...
Related contentBrazilian Oil Production To Top Mexico's and Venezuela's: PBR
19 hours ago ago from Shocked Investor
Brazilian newspaper O Estado de Sao Paulo reports today that Brazilian oil production will surpass that of Mexico and Venezuela by 2011. "A change in the hierarchy of the oil in Latin America is underway, as the production in Brazil is close near to surpassing energy powers Mexico and Venezuela. While these two countries have seen their production drop dramatically in recent years, Brazil's has been following a steady rise, and it will only ...
Related contentLooking Ahead for New Trends in 2010
19 hours ago ago from Energy and Capital
Welcome to the Energy and Capital weekend edition our insights in investing, as well as the top stories this week from Energy and Capital and our sister publications. What started out as a shaky week for crude oil quickly turned into a buying frenzy. The concern was whether crude prices could rebound back over $70 per barrel. After dropping to a low of $68.59 per barrel, pessimists were out in full force, saying that oil prices ...
Related contentHelix ESG in Gulf of Mexico discovery
14 hours ago ago from energyme.com :: energy | oil & gas | technology | news
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