Energy Markets

Futures Movers: Crude tumbles 7% to lowest in nearly four years

Crude near four-year low on demand concerns By Moming Zhou & Polya Lesova, MarketWatch NEW YORK (MarketWatch) -- Crude-oil futures fell Thursday for a fifth straight session, slumping nearly 7% to trade at their lowest level in...

10th Annual Platts Global Energy Awards Salute Winners in Three New Performance Categories (PR...

As part of the prestigious Global Energy Awards presented here last night, Platts announced winners in three newly-created or updated performance award categories: Peabody Energy for "Strategic Energy Investment of the Year,"...

Opec production declined 2.1% in November

The Organisation of Petroleum Exporting Countries (Opec) oil production declined 2.1 per cent in Nov-ember as falling prices forced members to cut output for the first time in almost two years, a Bloom-berg News survey showed.

A real estate bust in Dubai? It’s no mirage

The property bubble in the desert emirate, home to the world’s tallest building, most expensive hotel suite and largest manmade islands, is bursting as scarce credit and slumping oil prices have international investors...

Loonie drops more than 1.5 cents, markets tumble on falling oil, political turmoil

TORONTO - Canada's dollar fell nearly 1.5 cents and stock prices tumbled Thursday as financial markets navigated a turbulent political situation and worsening news about the North American and global ...

Kuwait posts budget surplus as oil falls

Opec-member Kuwait posted a budget surplus of 8.09 billion dinars (Dh107.7 billion) in the first seven months of its 2008 to 2009 fiscal year despite tumbling oil prices, official data showed on Thursday.

Oil to $25? $10? $0?

FT: Merrill warns oil prices could fall to $25 Merrill Lynch warned that oil prices could fall as low as $25 a barrel next year if the recession affecting the US, Europe and Japan extended to China, the main driver of demand...

Carnival Corporation & plc to Suspend Fuel Supplement for Its North American Brands Effective...

As fuel prices continue to decline, Carnival Corporation & plc has announced that it will suspend fuel supplements for its six North American brands effective for all voyages departing on or after December 17, 2008.

Talisman Energy Announces First Oil From the Song Doc Field in Vietnam

CALGARY, ALBERTA - Talisman (Vietnam 46/02) Ltd. ("Talisman"), a wholly owned subsidiary of Talisman Energy Inc. (TSX:TLM) (NYSE:TLM), has announced first oil production from the Song Doc field in Block 46/02 offshore Vietnam....

Petrol prices cut again

The cost of petrol continues to plummet, with Shell leading a 4 cent drop across the board this morning. This brings the price of Ultra 91 to 139.9c, V-Power to 144.9c and Diesel to 116.9c. Caltex, ...