Hot News category

Hot news about energy include crude oil, gas and oil exploration also trading, market, data, chart, investment and prices of oil, natural gas, petroleum, energy from category hot news.

Japan will get biggest share of Saudi Arabian crude oil cargoes

Saturday, August 13th, 2011

Japan will get the biggest share of Saudi Arabian crude oil cargoes loaded in the week ended Aug. 6. Tankers with a combined capacity of 1.49 million dead weight tons, or about 11 million barrels of crude, are sailing to Japan after loading at Ras Tanura, the world’s largest oil-export terminal. Europe and the U.S. [...]

Foreign Exchange and Oil Market Reviewed IEA

Wednesday, July 20th, 2011

Emergency oil reserves by the IEA which sent shock waves throughout the oil and foreign exchange market is set to be reviewed by the IEA at the end of this week. It is estimated that there could be another such release within this year at some point. There are some countries are either hesitant or [...]

World Oil Prices Surge after Saudi Fail to Clinch Agreement over OPEC

Saturday, June 11th, 2011

World oil prices surged this week after Saudi Arabia failed to clinch agreement over an OPEC output boost,. “The main story that dominated the markets this week was the OPEC meeting in Vienna, amid expectations of a potential increase in oil output. However, OPEC ministers failed to reach an agreement” and kept quotas unchanged, said [...]