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Vol. 10, No. 30 Week of July 24, 2005
Providing coverage of Alaska and northern Canada's oil and gas industry

Crude futures slide as supply concerns ease

OPEC president sees price declines as ‘positive start’ to price stabilization; crude oil inventories down less than expected

The Associated Press

Crude oil prices dipped July 21 after the U.S. Department of Energy’s weekly report on petroleum stocks eased concerns of supply disruptions from hurricanes in the Gulf of Mexico. In Kuwait, OPEC’s president expressed confidence that price declines over the past two days were “a positive start” to....

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Dennis has forced shutdowns


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