Tag Archives: Crude Oil Prices

Financial Market Failures Lead To 4% Drop In Crude Oil Prices

Quotes from Upstream Online: Oil fell more than 4% today on rising concern that turmoil in global financial markets will further undermine fuel demand and send investors into safer havens. In other words, in a risky financial market oil futures … Continue reading

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Crude Oil Prices – 4 September 2008

Crude oil prices continue to decline, except in the Pacific/Asia arenas (Tapis and Minas).  Demand for Tapis is high due to the need for low-sulfur sweet crudes to meet the Asian market. U.S. suppliers dropped the most, most likely at … Continue reading

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Saudi Oil Imports Up, Mexico Down

Here’s the latest numbers from the U.S. Energy Information Agency: Total Imports of Petroleum (Top 15 Countries) (Thousand Barrels per Day) Country 8-Jun 8-May YTD 2008 7-Jun YTD 2007 CANADA 2,319 2,346 2,466 2,410 2,470 SAUDI ARABIA 1,490 1,604 1,538 … Continue reading

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Crude Oil Prices, 15 August 2008

Courtesy Reuters, via Upstream Online, the latest crude oil prices: Y-axis is US$.  It looks like the price is dropping, perhaps in response to decreased demand in the U.S. and elsewhere.  Correlation does not confirm causality, but the two do … Continue reading

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