Do you remember the days when oil was only $100? Although there has been speculation in recent days concerning the oil price, one of the most authoritative predictions so far has the price of crude oil at $200 within as little as six months.
The prediction by Goldman Sachs was made as benchmark US light crude […]

As consumers from Atlanta to Aberdeen struggle with soaring gas prices, and Clinton and Obama squabble over gas tax rebates, at least the oil barons are happy. Royal Dutch Shell and BP have racked up combined profits of over $14bn in just three months, thanks to the soaring prices of oil and gas.
The rival energy […]

It wasn’t so long ago that the world worried when oil would reach $100 per barrel. Now oil is close to $120 and shows no sign of slowing down.
The record price hike was due to nearly North Sea production was shut down yesterday because of a strike at the Grangemouth refinery in Scotland. This kept […]

As the price of oil futures surged yesterday as investors worried about Iraqi oil output after a key pipeline was bombed near Basra, with impeccable timing Venezuelan President Hugo Chavez once again took a diplomatic swipe at his old enemy the US.
Chavez argued that the American invasion of Iraq is partly to blame for rising […]

It does not seem too long ago when we were getting worried that oil might reach $100 a barrel. Now it’s nearly $110 and showing no signs of stopping. So the International Energy Agency has convened talks with global oil experts to help determine “whether current oil prices are justified by market fundamentals”.
The talks, to […]