Wednesday, 10 March 2010
Tuesday was “oil day” at the CERAWeek 2010 energy conference, sponsored by the energy research firm IHS CERA, and leading figures from the energy industry and from the Obama administration gathered to speak about the future of oil and gas. The dominant tone was one of confidence, as most speakers insisted that fossil fuels would [...]
Source: HeatingOil.com » Blog Read Full Article >>
Wednesday, 10 March 2010
A new study published in the journal Energy & Fuels predicts that world conventional oil production will hit its peak in the year 2014, GreenCarCongress.com reported on Wednesday. The study, undertaken by researchers at Kuwait University and Kuwait Oil Company, looked at oil production in the top 47 oil-producing nations and found that humanity [...]
Source: HeatingOil.com » Blog Read Full Article >>
Wednesday, 10 March 2010
Bloomberg reported on Wednesday that another high-profile international figure has pledged to fight excessive oil speculation, which many believe contributes to volatile prices. OPEC President Germanico Pinto of Ecuador laid out what he sees as the negative impact of volatile prices on OPEC and the oil industry: “volatility produces difficulties in the markets and [...]
Source: HeatingOil.com » Blog Read Full Article >>
Wednesday, 10 March 2010
Noticed this item from Automotive News. Appears Chrysler is poised to play hard ball with its dealership network, something GM is apparently not willing to do.
Source: Lube News Blog Read Full Article >>
Wednesday, 10 March 2010
The dollar’s gains against the euro paired with expectations that oil inventories would rise to push down oil prices on Tuesday. A strong dollar makes commodities priced in dollars, like crude oil and heating oil, more expensive for traders holding other currencies. The API’s inventory data came out after trading closed yesterday and showed that [...]
Source: HeatingOil.com » Blog Read Full Article >>
Wednesday, 10 March 2010
KEY: Cumulative Heating Degree Days since March 1, 2010 for specified location / departure from average cumulative HDDs for today’s date.
Source: HeatingOil.com » Blog Read Full Article >>
Wednesday, 10 March 2010
Last week, the New Britain Herald published quotes from Gene Guilford, president of the Independent Connecticut Petroleum Association, proposing that the heating oil-focused nonprofit known as the Connecticut Fuel Oil Conservation Board is optimally positioned to implement the green job and home efficiency improvement initiatives awaiting Congress approval. The article is a rewritten version of [...]
Source: HeatingOil.com » Blog Read Full Article >>
Tuesday, 9 March 2010
As the heating season prepares to give way to the driving season, oil traders shift their focus from the market for distillates (including heating oil) to the market for gasoline. More people drive than heat their homes with oil, so crude oil futures tend to rally when gasoline demand picks up, as it usually does [...]
Source: HeatingOil.com » Blog Read Full Article >>
Tuesday, 9 March 2010
Crude and heating oil prices fell today, though each gained back some ground from earlier losses. A strong dollar drove down demand for oil futures, because those commodities became more expensive for traders holding other currencies. Traders expect this week’s inventory reports to show an increase in supplies of crude, and the price of crude [...]
Source: HeatingOil.com » Blog Read Full Article >>
Tuesday, 9 March 2010
OPEC members will meet in Vienna on March 17, and most observers believe that they will decide to hold oil production quotas at their current levels, Reuters reported on Monday. The news service surveyed 14 financial institutions and reported unanimous consent among them that OPEC will not raise quotas at the Vienna meeting. [...]
Source: HeatingOil.com » Blog Read Full Article >>
Loading ...
Comments on this entry are closed.