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Fears over storms and unrest push oil prices to new highs

OIL prices spiked again this week, briefly touching US$68 per barrel on Thursday before easing slightly, as edgy markets eyed further storms in the Gulf of Mexico, dwindling United States petrol stocks and production problems in Iraq, Ecuador and Nigeria.

Fears over storms and unrest push oil prices to new highs

Some analysts are wondering when prices will break through the US$70 per barrel level if the markets’ longstanding jitters over increasing demand and tight global supplies last. But others are a little...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

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