International Business News - Oil http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Oil prices rose slightly on Wednesday as the market weighed a rebound in the dollar against data showing strong demand growth from No. 2 consumer China. http://www.ibtimes.com/data/articleimgs/223949-.jpg http://www.ibtimes.com/articles/20091111/oil-rises-slightly-market-eyes-dollar-china.htm http://www.ibtimes.com/articles/20091111/oil-rises-slightly-market-eyes-dollar-china.htm Wed, 11 Nov 2009 15:56:01 EST Chevron Corp posted a 51 percent drop in quarterly profit on Friday, the latest oil giant to be hit by the steep decline in oil and natural gas prices and the anemic margins for refineries. http://www.ibtimes.com/data/articleimgs/223264-motorists-are-shown-at-gas-pumps-atchevron.jpg http://www.ibtimes.com/articles/20091030/chevron-q3-profit-hit-by-oil-refinery-weakness.htm http://www.ibtimes.com/articles/20091030/chevron-q3-profit-hit-by-oil-refinery-weakness.htm Fri, 30 Oct 2009 09:24:02 EDT Royal Dutch Shell Plc said third quarter net profits fell 73 percent, hit by falling oil and gas prices and refining margins, and Chief Executive Peter Voser warned of a slow recovery. http://www.ibtimes.com/data/articleimgs/223219-.jpg http://www.ibtimes.com/articles/20091029/shell-profit-down-73-percent-hit-by-falling-oil-prices.htm http://www.ibtimes.com/articles/20091029/shell-profit-down-73-percent-hit-by-falling-oil-prices.htm Thu, 29 Oct 2009 03:48:01 EDT Oil jumped more than 3 percent toward $82 a barrel on Wednesday, its highest level in a year, due to a drawdown in U.S. refined oil inventories and as a rise in U.S. equities showed optimism about the economy and a potential rebound in energy demand. http://www.ibtimes.com/data/articleimgs/222746-.jpg http://www.ibtimes.com/articles/20091021/oil-rises-overpercent-on-products-draw-equities.htm http://www.ibtimes.com/articles/20091021/oil-rises-overpercent-on-products-draw-equities.htm Wed, 21 Oct 2009 14:16:03 EDT Oil jumped 3 percent to over $81 a barrel on Wednesday to its highest level in a year due to a drawdown in U.S. refined oil inventories and as a rise in U.S. equities showed optimism about the economy and a potential rebound in energy demand. http://www.ibtimes.com/data/articleimgs/222745-.jpg http://www.ibtimes.com/articles/20091021/oil-risespercent-on-products-draw-equities.htm http://www.ibtimes.com/articles/20091021/oil-risespercent-on-products-draw-equities.htm Wed, 21 Oct 2009 13:24:02 EDT Oil jumped to $80.05 a barrel on Wednesday, matching its one-year high hit the previous day, after a U.S. government report showed a smaller than expected rise in crude stocks in the world's top consumer. http://www.ibtimes.com/data/articleimgs/222732-.jpg http://www.ibtimes.com/articles/20091021/oil-rebounds-to-year-high-on-inventory-report.htm http://www.ibtimes.com/articles/20091021/oil-rebounds-to-year-high-on-inventory-report.htm Wed, 21 Oct 2009 11:16:01 EDT As the week begins, the shiny yellow metal remains appealing in the market similar to the past days as the dollar is still weak and is slightly advancing against the euro and the yen, knowing that the gold and the dollar have an inverse relation. Gold prices are still forming an upside wave and are ... http://www.ibtimes.com/articles/20091020/gold-still-up.htm Tue, 20 Oct 2009 22:07:02 EDT Oil rose above $75 a barrel to settle at a record high for the year on Wednesday as economic optimism hinted at a recovery in global energy demand. http://www.ibtimes.com/data/articleimgs/222398-.jpg http://www.ibtimes.com/articles/20091014/oil-hits-2009-high-on-economic-optimism.htm http://www.ibtimes.com/articles/20091014/oil-hits-2009-high-on-economic-optimism.htm Wed, 14 Oct 2009 15:32:01 EDT Crude oil rose to a seven-week high near $74 a barrel on Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities. http://www.ibtimes.com/data/articleimgs/222301-.jpg http://www.ibtimes.com/articles/20091013/oil-rises-for-4th-day-on-demand-outlook-dollar.htm http://www.ibtimes.com/articles/20091013/oil-rises-for-4th-day-on-demand-outlook-dollar.htm Tue, 13 Oct 2009 13:00:01 EDT Oil jumped 2 percent on Monday on optimism about the pace of global economic recovery and as cold weather across the United States boosted fuel demand. http://www.ibtimes.com/data/articleimgs/222251-.jpg http://www.ibtimes.com/articles/20091012/oil-jumps-nearlypercent-on-optimism-colders-weather.htm http://www.ibtimes.com/articles/20091012/oil-jumps-nearlypercent-on-optimism-colders-weather.htm Mon, 12 Oct 2009 15:32:01 EDT Oil jumped more than 2 percent on Monday to touch a six-week high on optimism about the pace of global economic recovery and as cold weather across the United States boosted fuel demand. http://www.ibtimes.com/data/articleimgs/222238-.jpg http://www.ibtimes.com/articles/20091012/oil-jumps-on-optimism-colders-weather.htm http://www.ibtimes.com/articles/20091012/oil-jumps-on-optimism-colders-weather.htm Mon, 12 Oct 2009 13:24:01 EDT Oil jumped more than 2 percent on Monday to touch a six-week high on optimism about the pace of global economic recovery and as cold weather across the United States boosted fuel demand. http://www.ibtimes.com/data/articleimgs/222212-a-motorist-prepares-to-put-fuel-into.jpg http://www.ibtimes.com/articles/20091012/oil-jumpspercent-on-optimism.htm http://www.ibtimes.com/articles/20091012/oil-jumpspercent-on-optimism.htm Mon, 12 Oct 2009 11:40:02 EDT Oil rose by more than $1 a barrel to a six-week high above $73 on Monday, supported by optimism about the pace of global economic recovery and indications of stronger oil demand. http://www.ibtimes.com/data/articleimgs/222237-.jpg http://www.ibtimes.com/articles/20091012/oil-hits-six-week-high-on-economic-optimism.htm http://www.ibtimes.com/articles/20091012/oil-hits-six-week-high-on-economic-optimism.htm Mon, 12 Oct 2009 10:48:01 EDT Texas oil tycoon T. Boone Pickens said on Tuesday he has increased his long oil and natural gas position in recent weeks. http://www.ibtimes.com/data/articleimgs/221923-.jpg http://www.ibtimes.com/articles/20091006/pickens-says-increasing-oil-natural-gas-exposure.htm http://www.ibtimes.com/articles/20091006/pickens-says-increasing-oil-natural-gas-exposure.htm Tue, 06 Oct 2009 19:24:01 EDT Oil prices rose on Tuesday as investors bought commodities to hedge against a weaker dollar and the U.S. government forecast an increase in world oil demand. http://www.ibtimes.com/data/articleimgs/221900-.jpg http://www.ibtimes.com/articles/20091006/oil-rises-on-economic-recovery-hopes-demand.htm http://www.ibtimes.com/articles/20091006/oil-rises-on-economic-recovery-hopes-demand.htm Tue, 06 Oct 2009 16:08:01 EDT Oil prices rose slightly on Tuesday as investors bought commodities to hedge against a weaker dollar and the U.S. government forecast an increase in world oil demand. http://www.ibtimes.com/data/articleimgs/221895-a-resident-looks-at-the-price-of.jpg http://www.ibtimes.com/articles/20091006/oil-rises-slightly-on-recovery-optimism-weak-dollar.htm http://www.ibtimes.com/articles/20091006/oil-rises-slightly-on-recovery-optimism-weak-dollar.htm Tue, 06 Oct 2009 14:24:01 EDT Oil prices rose on Monday as data showing the U.S. services sector expanded raised hopes of an economic recovery and lifted markets. http://www.ibtimes.com/data/articleimgs/221828-a-resident-looks-at-the-price-of.jpg http://www.ibtimes.com/articles/20091005/oil-rises-ass-service-sector-data-lifts-markets.htm http://www.ibtimes.com/articles/20091005/oil-rises-ass-service-sector-data-lifts-markets.htm Mon, 05 Oct 2009 17:56:02 EDT Oil fell 2 percent to below $69 a barrel on Monday, pressured by jitters over the pace of U.S. economic recovery and easing concerns about Iran and Nigeria. http://www.ibtimes.com/data/articleimgs/221824-.jpg http://www.ibtimes.com/articles/20091005/oil-fallspercent-on-recovery-concerns.htm http://www.ibtimes.com/articles/20091005/oil-fallspercent-on-recovery-concerns.htm Mon, 05 Oct 2009 14:08:01 EDT Oil prices surged more than 5 percent to settle above $70 a barrel on Wednesday, buoyed by a drop in U.S. gasoline inventories last week that hinted at rising demand in the world's largest energy consumer. http://www.ibtimes.com/data/articleimgs/221479-.jpg http://www.ibtimes.com/articles/20090930/oil-jumps-overpercent-eyes-gasoline-demand.htm http://www.ibtimes.com/articles/20090930/oil-jumps-overpercent-eyes-gasoline-demand.htm Wed, 30 Sep 2009 15:56:02 EDT As the week begins, the shiny yellow metal remains appealing in the market similar to the past days as the dollar is still weak and is slightly advancing against the euro and the yen, knowing that the gold and the dollar have an inverse relation. Gold prices are still forming an upside wave and are ... http://www.ibtimes.com/articles/20090929/gold-still-up.htm Tue, 29 Sep 2009 21:37:03 EDT