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Latest oil prices Stories

2011-08-09 11:37:00

LONDON, Aug. 9, 2011 /PRNewswire/ -- Platts - The 12-member Organization of the Petroleum Exporting Countries' (OPEC) oil output continued its upward climb in July, increasing by 430,000 barrels per day (b/d) from June to 30 million b/d, its highest level since December 2008, a just-released Platts survey of OPEC and oil industry officials and analysts showed. "Even as OPEC production rises, global oil prices are falling," said John Kingston, Platts global director of news. "With...

2011-08-09 08:26:00

AUSTIN, Texas, Aug. 9, 2011 /PRNewswire/ -- FieldPoint Petroleum Corporation (AMEX: FPP) announced today that it has entered into a hedging agreement that will protect approximately 100% of its daily oil production for the remainder of 2011. Ray Reaves, President and CEO for FieldPoint stated "The Company felt very strongly that oil prices would remain above $90 for the first half of 2011, but we now face increased uncertainty for the second half of the year. Consequently, the board of...

2011-08-09 08:00:05

Peak petroleum"”the point at which the maximum rate of global oil extraction is reached, after which the rate of production begins to decline"”is a hot topic in scientific and energy circles.  When will it occur?  What will the impact be?  While geologists and economists debate the specifics, American University School of Communication professor Matthew Nisbet believes peak petroleum and the associated risks to public health may provide an opportunity to bring...

2011-08-03 08:00:00

HOUSTON, Aug. 3, 2011 /PRNewswire/ -- Oil demand and prices should continue to rise in the third quarter of 2011 according to indicators, even with ongoing uncertainty with respect to the economic recovery, deficit reduction initiatives in the US and the debt crisis in Europe. (Photo: http://photos.prnewswire.com/prnh/20110803/NY44923-a ) (Photo: http://photos.prnewswire.com/prnh/20110803/NY44923-b ) In the first quarter of this year, with expectations for continued economic...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.