Home / Tag Archives: Petroleum Exporting Countries

Tag Archives: Petroleum Exporting Countries

Brent falls below $79 as Japan enters recession

LONDON, Nov 17 – Brent crude fell below $79 a barrel on Monday after Japan, the world’s fourth-biggest crude importer, slipped into recession and as Saudi Arabia reiterated the oil price should be left to supply and demand. The market is waiting to see whether the Organization of the Petroleum Exporting Countries will cut production at its meeting at the ...

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Low and behold: Gas prices in Colorado Springs keep dropping

Gasoline prices in the Pikes Peak region are falling faster than normal this fall, and the drop is expected to continue. Since last month, the average price of a gallon of gas in Colorado Springs has fallen 39 cents, according to price tracker Gasbuddy.com, and at some local stations, it’s below $3 per gallon. Price peek COLORADO SPRINGS Tuesday: $3.16 ...

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As oil prices tank, new era of abundance seen dawning

Oct 7 (Reuters) – As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance. Oil prices have fallen as much as 20 percent since June, despite a host of rising supply risks, leading more investors and traders to consider whether ...

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