Latest Brent Crude Stories
The price of Brent crude, the North Sea benchmark oil, for October delivery dropped $1.41 a barrel to $98.93, despite oil cartel Opec's decision to cut supply.Signs of a slowing economy in the United States expected to hit demand for oil brought an end to earlier rises with light, sweet crude also declining to $102.15 a barrel on the New York Mercantile Exchange.The International Energy Agency lowered its global oil demand forecast for both this year and 2009 to reflect slower economic...
VIENNA, Austria (AP) -- The just-ended OPEC meeting was about more than what a barrel of oil can fetch on the open market as the global economic picture grows dim.
By ADAM SCHRECK DUBAI, United Arab Emirates - Oil prices sank today as Hurricane Ike appeared less likely to strike Gulf of Mexico energy installations and Saudi Arabia suggested OPEC will not cut output later in the day.
By Pablo Gorondi Oil prices tumbled to $111 a barrel Monday as Hurricane Gustav weakened along the Gulf Coast and posed less of a threat to oil drilling and refining operations.
By Nevill Boyd Maunsell Economics Editor As the third anniversary of Hurricane Katrina's devastation of New Orleans approaches tomorrow, fears that a new hurricane could wreck oil rigs in the Gulf of Mexico sent oil prices sharply higher.
By wire NEW YORK -- Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of supply disruptions to the West.
By Stevenson Jacobs NEW YORK - Oil prices tumbled more than $6 a barrel Friday - the biggest one-day percentage plunge in nearly four years - after a rebounding dollar and a Russian troop pullback in Georgia sparked another frenzied sell-off.
By Rosemary Gallagher OIL cartel Opec is expected to reduce supplies next month following a sharp fall in crude prices on Friday. The value of US crude fell 5.5 per cent to dollars 114.59 a barrel - the biggest drop in percentage terms in one day since December 2004.
By THE ASSOCIATED PRESS VIENNA, Austria - Tighter U.S. gasoline supplies propelled oil prices upward for the second day today with crude moving above the $116 a barrel mark.
Husky Energy Inc. (TSX: HSE) reported net earnings of $1.36 billion or $1.61 per share (diluted) in the second quarter of 2008, an increase of 89 percent from $721 million or $0.85 per share (diluted) in the same quarter of 2007.
- The act of burning, scorching, or heating to dryness; the state or being thus heated or dried.
- In medicine, cauterization.