PIRA Energy Group's Weekly Oil Market Update for the Week Ending May 13Houston ChronicleNYC-based PIRA Energy Group reports that global oil prices have come under pressure recently, but physical balances will tighten in 2H12. In the US, oil demand …

This eases the pressure on India a bit In the last few years, the sustained increase in global oil prices has wreaked havoc on India’s public finances. A large part of the so-called “twin-deficit” problem—high current account and fiscal deficit…

International talks scheduled later this month aimed at curbing Iran’s nuclear program “will fail”, boosting the risk premium in global oil prices, Roubini Global Economics … by the IDF’s current chief of staff, General Benny Gantz.”

Wall Street JournalChina Cuts Gasoline, Diesel PricesWall Street JournalBy WAYNE MA BEIJING—China cut its heavily regulated gasoline and diesel prices for the first time in six months, as easing global oil prices offer a tail wind to the world's …

PM: Flood causes high cost of livingBangkok PostThe current high cost of living was stemmed from the great flood late last year and global oil prices hike, Prime Minister Yingluck Shinawatra said on Saturday. In her “Yingluck government meets the peo…

Chevron (CVX) is paying a 3.10% yield based on its current trade price of $103 a share … prospects” that looks promising and relatively greater leverage to global oil prices. Out of these companies, I like Chevron or ConocoPhillips best.

The bank specifically pointed to the fact that global oil prices are now “considerably higher” than those received by Canadian producers. The prominence of current oil price discounts in the bank’s analysis is another sign of the growing national…

Globe and MailOil industry woes weigh down Canadian economyGlobe and MailThe bank specifically pointed to the fact that global oil prices are now “considerably higher” than those received by Canadian producers. The prominence of current oil price d…

Global oil prices at the mercy of geopoliticsThe Korea HeraldOil prices and oil supply unambiguously tie China and the United States together, as both nations are heavy importers of oil. The United States imports about 65 percent of its oil and oil pro…

and it is the reason prices are inexorably climbing toward a repeat of that figure unless something dramatic happens to defuse the situation in the Middle East, where the Iranian crisis is clearly the source of the current rise in oil prices. The crisi…