By: Austin Culley
This is a list of countries with proven reachable oil reserves in billions of barrels, and is a rough estimate based on the ability to recover the oil by current technological and economical means.
Saudi Arabia – 262
Saudi Arabia is the largest exporter of petroleum in the world, and plays a leading role in [...]
By: Money Morning
By Keith Fitz-Gerald
Investment Director
Money Morning/The Money Map Report
Many of my neighbors here in Oregon are enjoying the big decline in gasoline prices, particularly those who still own SUVs, pickup trucks or any of the other fire-breathing, piston-clanking monstrosities I’ve seen on the road recently.
And no wonder. Gasoline prices in our neck of the [...]
By: Thomas Sullivan
In this article we examine the most important causative factors which have contributed to the fall in value of the US currency. What our research has found is that while there are variable opinions as to why we have seen massive devaluation of the US currency, at the end of the day, all [...]
By: Andrew Cox
When I read and hear the news, I come to the conclusion that the US is the richest country at peace in the world. We must be. Only in a rich country at peace could so many trivial issues make the news, and occupy our attention and energy.Some examples of what I mean:There [...]
By: Dylan Sun
Oil prices rose to a new record settlement price Tuesday as traders turned their attention to a government inventory report expected to show tight supplies and shrugged off OPEC’s decision to boost output.Even factoring in OPEC’s decision to increase oil production by 500,000barrels per day starting Nov. 1, “supplies are tight,” said Addison [...]
By: Arvin Gumato Pareja
WAR IN NOVEMBER? - A military showdown with Iran may be fast approaching. War clouds continue to build in the epicenter. Last month in Rome, Iranian President Mahmoud Ahmadinejad vowed that the United States and Israel would soon be “annihilated,” language he had not used so explicitly since October 2005 when he promised [...]
By: Australasian Investment Review
There seems to have been a rapid shift in sentiment in the oil market towards a belief that supply-demand might be moving into balance faster than expected.Crude oil prices hit a two week high last week and the differential in New York compared with London’s Brent crude eased.New York oil traded around [...]
By: Getdealing
There are many ways Investors can gain exposure to Oil ranging from Oil stocks, Exchange traded funds through to Futures contracts. Crude oil is the raw material that is refined to produce gasoline, heating oil, diesel, jet fuel and many other petrochemicals Capital Spreads offer exposure through spread betting on the price of the “West Texas [...]
By: Lauren Woods
Oil prices increased above $64 a barrel after a rush in the preceding session. This is due to the fact that traders have reacted to warnings that OPEC production was at its lowest point in two years.Iraq and Algeria as well as the (Organization of Petroleum Exporting Countries) OPEC member nations also added [...]