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Price of Oil rises more than $1

chron.com Energy — Tue, 19 Aug 2008 19:49:00 +0000

Survey respondents suggest a 3 million barrel weekly drop in gasoline supply.

MARKET WATCH: Crude prices at lowest level in 3 months

PennWell Staff — Tue, 19 Aug 2008 15:52:14 +0000

Crude oil prices continued falling to the lowest level in 3 months, under $113/bbl Aug. 18, 2008, as Tropical Storm Fay steered away from oil and gas operations in the Gulf of Mexico.

Gas is Cheaper in Boston

Oil & Gas News - Oil & Gas News Headlines | Bizjournals.com — Tue, 19 Aug 2008 14:54:18 +0000

Boston area drivers paid 8 cents less per gallon of gasoline compared with the national average in July, according to the federal Bureau of Labor Statistics.

Crude oil prices down on signs storm will miss Gulf fields

Oil & Gas News — Tue, 19 Aug 2008 03:56:05 +0000

Crude oil prices fell amid signs Tropical Storm Fay will miss oil rigs and platforms in the Gulf of Mexico, which accounts for about 20% of U.S. production.

Oil prices settle below $113 as storm threat eases

chron.com Energy — Mon, 18 Aug 2008 19:38:00 +0000

Light, sweet crude for September 2008 delivery fell 90 cents to settle at US$112.87.

Declining demand lowers energy prices

PennWell Staff — Mon, 18 Aug 2008 15:34:36 +0000

Energy prices continue to fall in August as OPEC reduced its 2008 estimate of the growth rate of world demand for crude oil to 1 million barrels per day, down 30,000 barrels per day from its previous forecast in July.

Stronger dollar pushes oil prices to 3-month low

chron.com Energy — Fri, 15 Aug 2008 20:02:00 +0000

Oil fell to its lowest price in three months today, briefly touching the $111 level after the dollar muscled higher and OPEC predicted the world's thirst for fuel next year will fall to its lowest point since 2002.

MARKET WATCH: Gas, oil prices fall as demand slows

PennWell Staff — Fri, 15 Aug 2008 17:31:25 +0000

Forecasts of mild weather caused natural gas futures to fall as low as $8/MMbtu in intraday trading Aug. 14, testing that psychological level despite a slightly bullish report on US inventory.

Price of oil slips more as U.S. demand lessens

chron.com Energy — Fri, 15 Aug 2008 05:30:00 +0000

Oil prices fell about a dollar Thursday, pulling back from the previous day's rally as waning U.S. demand for energy overshadowed supply threats from the conflict in Georgia.

Petro Canada runs out of gas

Oil & Gas News — Thu, 14 Aug 2008 23:16:36 +0000

By Kathy Michaels - Kelowna Capital News Published: August 12, 2008 10:00 PM Updated: August 12, 2008 11:13 PM There's still some diesel and regular convenience store fare, but for the Petro Canada in Westbank ...

Gasoline price drops 7 cents in Houston, survey finds

chron.com Energy — Thu, 14 Aug 2008 17:51:00 +0000

AAA-Texas on Thursday reported the average cost per gallon for regular unleaded gasoline slipped to $3.64, or down 10 cents in the past week. Houston saw a drop to $3.716 from $3.788 a week ago.

Surprise Petroleum Draws Lift Energy Prices

PennWell Staff — Thu, 14 Aug 2008 17:34:02 +0000

After falling for 4 days on the New York market, the front month crude oil contract rebounded to $116/bbl August 13th following reports of an unanticipated large draw on U.S. petroleum stocks during the week ended August 8th.

Gas prices down in September in Ohio

Oil & Gas News - Oil & Gas News Headlines | Bizjournals.com — Thu, 14 Aug 2008 17:17:32 +0000

Home energy costs are set to drop for Columbia Gas of Ohio Inc. customers next month, marking the second dip since prices hit a record high in July. (NI)

Oil up $3 on tighter gasoline supplies

chron.com Energy — Wed, 13 Aug 2008 19:29:00 +0000

The US Energy Department reported that gasoline supplies dropped 6.4 million barrels to 202.8 million barrels last week, which is the biggest decline since October 2002.

Energy demand, prices continue to fall

PennWell Staff — Wed, 13 Aug 2008 17:50:15 +0000

Crude oil prices continued to drop Aug. 12 as the U.S. dollar strengthened amid reports of declining demand for energy supplies.

Oil prices settle below $115

chron.com Energy — Mon, 11 Aug 2008 19:59:00 +0000

It was the crude oil's lowest close since May 1.

MARKET WATCH: Georgia conflict lifting oil price from 3-month low

PennWell Staff — Mon, 11 Aug 2008 17:36:09 +0000

The front-month oil price fell 7.9% last week to a 3-month low Aug. 8 as the US dollar strengthened, but energy prices rebounded above $116/bbl in after-hours electronic trade as Russia expanded its military campaign in Georgia.

Prices in rural Alaska can be truly chilling

chron.com Energy — Sun, 10 Aug 2008 05:30:00 +0000

Soaring oil prices that swelled Alaska's treasury have come back to slam the state, particularly its 170 rural villages.

Oil closes below $116 as dollar strengthens

chron.com Energy — Fri, 08 Aug 2008 20:03:00 +0000

Shrugging off concerns about a sabotaged oil pipeline in Turkey, investors pulled their money out of commodities and put it back into stocks - driving the Dow Jones industrial average up more than 300 points.

Oil hangs around $120 after pipeline shutdown

Oil & Gas News — Fri, 08 Aug 2008 11:30:00 +0000

Oil prices held around 120 US dollars a barrel in Asian trade Friday on jitters sparked by the disruption of a pipeline carrying crude from Central Asia to the West.

Oil closes above $120 a barrel

chron.com Energy — Thu, 07 Aug 2008 19:34:00 +0000

Oil prices jumped back above $120 a barrel today, halting a steep three-day slide after Kurdish rebels claimed responsibility for a fire at key Turkish pipeline that supplies Western countries.

MARKET WATCH: Change in market sentiment undercuts energy prices

PennWell Staff — Thu, 07 Aug 2008 17:39:28 +0000

Crude prices continued to retreat Aug. 6, closing under $119/bbl in the New York futures market amid concerns of decreased demand for petroleum products, particularly in the US.

Crude up on worries about pipeline outage

chron.com Energy — Thu, 07 Aug 2008 15:22:00 +0000

Crude oil rose for the first time in four days after Turkey said a pipeline carrying crude to the country's Mediterranean coast from Azerbaijan may remain shut for two weeks following an explosion on Tuesday.

Strong supplies cause further fall of crude prices

chron.com Energy — Wed, 06 Aug 2008 19:47:00 +0000

Falling crude kept weighing on retail gas prices. U.S. filling stations hungry for business ratcheted down the price for a gallon of regular on average by another penny overnight to $3.862, according to auto club AAA, Oil Price Information Service and Wright Express. Nationally, prices have now fallen more than 6 percent from all-time highs above $4 a gallon reached July 17.

MARKET WATCH: Energy prices tumble, with crude below $120/bbl

PennWell Staff — Wed, 06 Aug 2008 18:00:13 +0000

Energy prices continued to tumble with oil closing below $120/bbl for the first time since early May, amid indications of slower US economic growth and lack of major disruption of Gulf Coast oil and gas production.

Crude prices stick to their downward path

chron.com Energy — Wed, 06 Aug 2008 05:30:00 +0000

Oil traders sent crude prices tumbling as low as $118 a barrel Tuesday amid a growing belief that a U.S. economic slowdown and high energy costs are curbing consumer demand.

Crude settles below $120 a barrel

chron.com Energy — Tue, 05 Aug 2008 19:57:00 +0000

There are many factors that could keep oil from descending further -- political tensions in Nigeria and the Middle East, the potential for a big hurricane along the Gulf Coast, and global demand that is still growing -- just not at the same pace that it had been.

MARKET WATCH: Crude trades below $120/bbl as inflation rises

PennWell Staff — Tue, 05 Aug 2008 17:53:59 +0000

Energy commodity prices fell Aug. 4, with crude closing at its lowest level since May 5 after briefly trading below $120/bbl on NYMEX, signaling what some say may be the end to the run up in fuel costs this year.

MARKET WATCH: Oil prices rebound; storm threatens Texas coast

PennWell Staff — Mon, 04 Aug 2008 17:54:15 +0000

Crude prices rebounded Aug. 1 after Israeli Deputy Prime Minister Shaul Mofaz warned that Iran may be nearing a breakthrough in its nuclear program, fanning market fears of a possible preemptive strike by US or Israeli forces.