Mar. 9 2011 | Exxon CEO: Concerns for Middle East
Sharing concerns for the people in the Middle East, and just how much cushion OPEC really has, with Rex Tillerson, ExxonMobil chairman/CEO.
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Wednesday, March 9, 2011
Tuesday, March 8, 2011
Lukoil President on Oil Prices
Mar. 8 2011 | The uncertainty in the Mideast is putting an even bigger focus on production in other regions, so Russia's Lukoil is looking to put more of its oil into the system, with CNBC's Sharon Epperson, and Vagit Alekperov, Lukoil president.
U.S. Crude Down on OPEC Talks of Output Boost
U.S. crude oil prices fell Tuesday following a statement by Kuwait's oil minister that OPEC may consider increasing production output to supplement Libya's disrupted supply.Though crude prices are down from their highest level since September 2008, they have risen above today's early low of under $104 a barrel, according to Reuters.
Investors, however, remain worried about oil supply, awaiting the release of oil inventory data and as the OPEC has yet to come to a definite conclusion. The American Petroleum Institute (API) will issue its weekly inventory report at 4:30PM EST on Tuessday.
Investors, however, remain worried about oil supply, awaiting the release of oil inventory data and as the OPEC has yet to come to a definite conclusion. The American Petroleum Institute (API) will issue its weekly inventory report at 4:30PM EST on Tuessday.
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