South Korea's KNOC eyes US shale gas companies, assets: executiveReutersOverseas investments may be expensive in the short term due to current high oil prices, Chang said, but added that KNOC was going ahead with its investment plan given the long-…

Under current law that means it not only functions as a bank … One could readily hypothesize that the recent spike in oil prices resulted in part on JP Morgan bets that price of would go higher, and in effect pushing the price up and in …

1000 MT on the KPI Bridge Oil Composite Would Cost You $22000 Less This Week!GCaptain (press release)By KPI Bridge Oil On May 11, 2012 The KPI Bridge Oil Composite declined over 3% this week as bunker prices reduced dramatically after several days of d…

Hydrocarbon ProcessingIran Oil Exports Fall as Sanctions TightenWall Street Journal"At current oil prices, every extra cargo they manage to sell would be financially important." The lack of tanker data make it difficult to precisely determine…

“Oil prices are notoriously volatile and I had been predicting … violated that moving average was during the credit crisis of 2008. That implies the current situation is of similar type and magnitude to that crisis, he said.

AFPCurrent acct surplus hits 15-year lowThe Daily Yomiuri"We are closely watching how foreign exchange rates and crude oil prices will affect the current account balance," a Finance Ministry official said. In fiscal 2011, Japan had a goods an…

BloombergOPEC Pumps Up Production To Highest Level Since 2008Wall Street JournalBy Benoit Faucon LONDON (Dow Jones)–OPEC Thursday said its members are pumping at levels not seen since the 2008 recession and said it was becoming more optimistic on oil-…

The Saudi Oil minister Al Naimi had stated that current oil prices are very high and his country will work to bring down the price. Naimi had also added that Saudi Arabia has the capacity to boost output if and when requested by its customers.

China NDRC To Cut Gasoline, Diesel Prices Effective ThursdayFox BusinessBEIJING – China will cut gasoline and diesel prices by CNY330 and CNY310 a metric ton, respectively, effective Thursday, the National Development and Reform Commission said Wedne…

Wall Street JournalOPEC Reasserts Its Influence as It Helps Cut Crude PricesWall Street JournalMr. Naimi's price comments echoed the head of the Organization of Petroleum Exporting Countries, who last Thursday spoke against high prices for oil futu…