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Oil Price Prediction 2011 in barrel after high in 2009 and 2010

Oil prices predicted $100 per barrel in 2011 by analisyst after oil prices hits two year high, raising fears of a return to $100 per barrel crude and consumer goods inflation. Then how analyst predicted oil prices in 2012? Brent crude oil, traded in London, hit $88.80 before falling back to $88, which is slightly [...]

Saturday, December 4th, 2010

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Crude Oil Price History Analysis

Crude oil prices history ranged between $2.50 and $3.00 from 1948 through the end of the 1960s. The price oil rose from $2.50 in 1948 to about $3.00 in 1957. When viewed in 2008 dollars an entirely different story emerges with crude oil prices fluctuating between $17 and $19 during most of the period. The [...]

Saturday, October 2nd, 2010

Gulf Mexico Oil disaster prompts insurance overhaul

BP’S rig explosion that caused the worst oil spill in US history is set to curtail insurance coverage for offshore drilling, forcing companies to self-insure or exit deep-water fields. BP’s leak in the Gulf of Mexico is ”a market-changing event”, said Dieter Berg, senior executive manager (marine) at Munich Re, the world’s biggest reinsurer and [...]

Friday, June 25th, 2010

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