Tag Archives: crude prices

Russian Urals Crude Prices Reached Lowest Level in Ten Months

Prices of Russian Urals crude drop to its lowest level since May last year due to sufficient supply and weak demand from regional refiners.

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Abu Dhabi Oil Investment Plummets for Unprecedented First Time

Abu Dhabi recently reported that their government investment in its oil & natural gas industry decreased by more than 12% in 2009. This is the first time in thirty years that Abu Dhabi has decreased their investment in oil & gas. This decrease in government investment comes despite total investments in the Abu Dhabi economy rising from US$19.79 billion in 2008 to a record US$21.74 billion in 2009. Oil & gas investments accounted for 11.5% of the total in 2009.

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Expectations and Current Standings of the Oil Market

Crude oil prices have experienced yet another decrease this week, dropping well below $76, as demand for the fuel fell again. The slow recovery of economic giants such as China and the US has caused investors to seek alternatives on the global market that have been faster in their climb out of the recession-addled low figures. Nevertheless, hopeful predictions about the American stock have limited the outflow of investors.

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Crude oil and natural gas prices continue to drop

Crude oil and natural gas stocks continued to fall this week, marking an alarmingly long losing stretch for the conventional fuel markets. Crude stocks plunged for a fifth straight month in the New York Exchange, and similar woes plagued natural gas prices that fell 2.4%.

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