Friday, June 12, 2009

Oil Price heads to $80 as Global Demand for Crude Oil Soars

The international energy Agency raised its forecast for global demand of crude oil , IEA says it sees signs the Recession is bottoming out
CBA's Moore expects oil prices to head to $80 a barrel over 2010.

Thursday, June 11, 2009

Shell settles Nigerian killings lawsuit

Royal Dutch Shell has been accused of supporting the execution and torture of protesters opposed to its operations in Nigeria during the 1990s.

As a lawsuit against the company over the issue was due to go to trial in New York, the oil company agreed to settle out of court, paying $15.5m to the families of executed activists.

Gas prices on the rise at the pump

Gas prices up hit $2.84 again
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OIL & GAS MARKET