Monday, March 16, 2009

Crude Oil Rises After Brief Down Turn On OPEC News


"Saudi, Iranian Oil Ministers: Prices Should Stand at $60-$75"
The oil ministers of Saudi Arabia and Iran said Monday their target goal for the price of oil was between $60 to $75 a barrel....Complete Story

"Oil Rises as Stocks Climb on Expectations of Economic Recovery by Year-End"
Crude oil rose as global stock markets climbed for a fifth day on optimism that the recession that has curbed demand may end by the close of the year....Complete Story

"Idling of U.S. Gas Rigs Setting Stage for Doubling of Prices"
Survey Shows Natural gas drillers from Devon Energy Corp. to XTO Energy Inc. are idling rigs at the fastest pace since 2002, setting the stage for this year’s worst commodity to almost double as supplies drop faster than demand....Complete Story

"Record Wellhead Order"
Subsea systems provider FMC has been selected by Anadarko to supply a record capacity subsea wellhead system rated for....Complete Story

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