Crude oil falls, but maybe not for long 01/04/2009
Economists, analysts concerned lack of exploration, production investment will spur unprecedented price hike when economy recovers
Resurgent economic jitters sent benchmark oil prices below $38 a barrel Dec. 31, as investors focused on the global slowdown that has dragged crude markets down some 60 percent this year, from a high...

Forget sky-high, try the stars, says CIBC 05/04/2008
Economist hikes own oil price forecast as global production stagnates; says world headed for unprecedented scarcity
He was one of the first to predict $80 per barrel oil, then $100. Now he's talking more than double that price over the next five years and warning of possible economic turmoil in North America. Back...

EIA forecasts increasing oil, natural gas prices 08/19/2007
The U.S. Department of Energy's Energy Information Administration said Aug. 7 that significant crude oil price increases over the last two months are "the result of increasingly tighter world oil mark...

Oil Patch Insider 05/20/2007
The Buckee view of global oil; IOGCC selects Palin
World oil production has peaked, putting an end to the era of cheap energy, says Talisman Energy Chief Executive Officer Jim Buckee, who holds a doctorate in astrophysics from Oxford University. Give...

EIA: natural gas to average $7.53 in '07 10/15/2006
Henry Hub spot price expected to average $6.90 per mcf this year; WTI, $67 per barrel in '06, $66 per barrel next year
The Henry Hub spot price for natural gas is expected to average $6.90 per thousand cubic feet this year and rise to $7.53 per mcf in 2007, the Department of Energy's Energy Information Administration...

Despite good supply, prices may stay up 07/02/2006
Factors abroad, including risk premium, determine how much we pay for crude oil, says BP economist Christof Ruehl
The world has no shortage of crude oil and natural gas, but that doesn't mean the recent streak of high prices will abate anytime soon, a BP economist said June 22. Today, factors other than the amoun...

Felmy: Dispelling oil price myths 05/07/2006
American Petroleum Institute chief economist reviews the facts on oil prices, oil company profits and oil company investments
With escalating gasoline prices hitting people's pocket books and oil companies reporting record profits, phrases such as "windfall profits tax" and "gasoline price controls" have re-entered political...

Has oil production peaked? 05/07/2006
Herrera: Statistics point to peak production; prices likely to go higher
It's well known that U.S. oil production has been declining for many years. And, in Alaska, oil production is well past its peak. But has worldwide oil production peaked? And what impact might worldwi...

WTI to average $65 in '06, $61 in '07 02/12/2006
EIA expects continued market tightness, high oil, natural gas prices for next 2 years; U.S. demand contracted 0.3 percent in 2005
The Department of Energy's Energy Information Administration expects many of the same global factors that drove oil markets in 2005 to continue to affect markets in 2006 and 2007. The agency said Feb....

Takeover tidal wave on the way 08/14/2005
Global strategist bets U.S. securities regulator will ease oil sands reserve rules, freeing U.S. companies to buy existing Alberta sands operators
The U.S. Securities and Exchange Commission will relax its rules on what constitutes proved oil reserves, freeing major oil companies to embark on a buying binge in the Alberta oil sands, predicts a l...

Pickens sees oil prices going higher 06/26/2005
Oil tycoon Boone Pickens' bet that energy prices would rise made him more money in the past five years than he earned in the preceding half century hunting for riches in petroleum deposits and compani...

CERA predicts crude oil prices will dro 06/26/2005
Chairman of Cambridge Energy Research Associates, says oil reserves and efficiency will help the energy market rebound
Global oil production is not likely to peak soon, contrary to talk that has helped propel prices close to $60 a barrel, although lower prices may still be a few years away, a prominent energy consulta...

China adds oil sands to fold 04/24/2005
Twin deals lay groundwork for access to supplies, technology; U.S. expected to keep wary eye on Canada's oil sands, one of its key energy sources
Talk has given way to action as China has staked out positions in Alberta's oil sands and European companies are awakening to the vast bitumen deposits. Ending months of speculation, PetroChina and C...

Oil prices to remain high, says EIA 11/14/2004
Agency expects crude prices to remain in mid- to high-$40s range through 2005; natural gas prices at $6-plus
Citing strong demand growth for crude oil in 2004, expected to continue in 2005, and relatively low oil inventories in industrialized countries, crude oil prices are expected "to remain elevated in th...

Norway's labor dispute shows Mideast isn't only vulnerable oil province 07/04/2004
International risk factors include bad weather, political unrest, guerrilla attacks, labor disputes, technical problems, maintenance and accidents
Violence in Saudi Arabia and Iraq have kept oil-importing nations' worries focused on the Middle East, but a recently resolved labor dispute in Norway is a reminder that supplies elsewhere can be vuln...

The peak oil debate - lessons from Europe? 06/20/2004
The debate on the timing of when the world's oil production will reach its peak has not been resolved. This is proving to be a frustration to many countries and international businesses whose plans de...

IEA says low inventories threaten crude price stability 09/21/2003
World oil production jumped by 1 percent in August, led by a partial revival in Iraqi output, but low inventories in major importing countries threaten price stability, the International Energy Agency...

Non-OPEC crude could drop oil prices in 2004, predicts IEA; Herrera say it's unlikely 07/20/2003
Oil supplies from independent producers in Russia and West Africa will overtake growth in global demand for crude next year, potentially undermining the Organization of Petroleum Exporting Countries'...

BP review finds world oil supply more diverse 06/15/2003
Company's 52nd statistical review says non-OPEC production increasing
World oil supply is becoming more diverse and world oil production capacity comfortably exceeds world oil demand, said BP chief economist Peter Davies in a June 10 statement. "As a result, producers...

Herrera: Oil prices to rise 05/25/2003
Key factors include Saudi situation and expected peak in world production
Oil prices will ease skyward, particularly when world oil production peaks in an estimated three years, says Petroleum News' favorite oil price guru, oil and gas consultant Roger Herrera. "There are...

Oil prices likely to drift until second half of the year, energy watchdog says 02/17/2002
International Energy Agency statistics suggest Russia not cooperating with OPEC's strategy to squeeze crude oil supplies
Soft demand and a mild winter in major oil markets have offset the impact of cuts in crude production and kept prices for oil and refined products from rising, a respected survey said Feb. 8. Due to...

Demand for oil slows in pace with global economy 02/28/2001
The growth of world oil demand has slackened faster than expected, in pace with a cooling global economy, but has yet to push prices lower, a respected industry survey said Feb. 12. World oil demand...

Kuwait welcomes Saudi, Venezuelan, Mexican recommendation to boost oil production 03/28/2000
March 2 move characterized by Sheik Saud Al Sabah as step in unifying positions of OPEC, non-OPEC countries
Kuwait's oil minister welcomed a recommendation by three major oil producers for a production boost in an effort to ease global oil prices from their highest levels in nine years. Sheik Saud Al Sabah...