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Oil near $82 as traders eye weak US demand

Oil prices hovered around $82 a barrel Thursday in Europe as traders weighed stagnant U.S. crude demand against a gradual global economic recovery.

11 Mar 2010, 5:56 am | click here to view more

Brazil Lawmakers Pass Bill to Boost Some States’ Oil Royalties

March 11 (Bloomberg) -- Brazilian states and cities that don’t produce oil would receive a bigger share of revenue raised from offshore output below a measure passed by the lower home.

11 Mar 2010, 5:49 am | click here to view more

Oil Trades Little Changed as Dollar Weakens, Equities Recover

March 11 (Bloomberg) -- Oil traded little changed as the dollar gave up gains against the euro, boosting crude’s appeal to investors, and European equities markets erased losses.

11 Mar 2010, 5:23 am | click here to view more

Ruble Gains 5th Day, Forces Bank Rossii to Ease Band on $82 Oil

March 11 (Bloomberg) -- The ruble rallied for a fifth day against the central bank’s currency basket, forcing the regulator to ease its trading band for the 14th time in three weeks, as oil over $82 a barrel boosted the outlook for Russia’s economy.

11 Mar 2010, 5:21 am | click here to view more

Oil slips under $82 on profit taking

Oil prices slipped below 82 dollars on Thursday as investors took profits on gains made followed data that showed stronger US energy demand, analysts said.

11 Mar 2010, 4:22 am | click here to view more

BP to pay Devon $7 billion for oil fields

London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields.

11 Mar 2010, 4:09 am | click here to view more

BP to explore for oil in Brazil

Oil giant BP announces a $7bn (£4.7bn) deal that will allow it to start exploring for oil off the coast of Brazil.

11 Mar 2010, 1:49 am | click here to view more

ND oil rig count tops 100

The number of rigs piercing North Dakota's oil patch has topped 100 for the first time in nearly three decades, the state Department of Mineral Resources said Wednesday.

10 Mar 2010, 5:50 pm | click here to view more

North Dakota oil rig count tops 100

The North Dakota Petroleum Council says the number of rigs piercing North Dakota's oil patch has topped 100 for the first time in nearly three decades.

10 Mar 2010, 5:49 pm | click here to view more

Oil falls below $82 as traders eye weak US demand

Oil prices fell below $82 a barrel Thursday in Asia as traders eyed tepid U.S. crude demand amid an overall economic expansion.

10 Mar 2010, 11:31 pm | click here to view more



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