oil price

Energy executives returning from their summer holidays face some hard choices. I know of at least three major oil and gas companies that have ordered full scale strategic reviews.

The problem, for the companies and for investors, is that prices are falling. The Brent oil price is down 15 per cent since June and by the time you read this could have slipped below $100 [Update: this morning, Brent fell 87 cents to $99.95 a barrel – a 14-month low.] Natural gas and coal prices are also down. Read more

Why are oil prices so high?  After falling by over $30 in a matter of weeks the oil price has crept up again – back over $100 for a barrel of Brent crude.  With nothing in the fundamentals of  supply and demand to justify an increase, is the market anticipating (and perhaps over anticipating ) a crisis yet to come? Read more