Tag archive for ‘Tight Supplies’
Reuters: Oil hits record near $130 as supply fears grow
New York, NY (Reuters): Crude oil prices scaled a new peak near $130 a barrel on Tuesday amid deepening worries over tight global stockpiles and signals from OPEC that no additional supplies are forthcoming to ease the crunch.
Billionaire investor T. Boone Pickens said Tuesday he expected oil to hit $150 a barrel this year. The [...]
Oil Prices Surge as Bush meets with Saudi King
London, UK (FT.com): Crude oil prices on Friday hit a fresh record high of almost $128 a barrel boosted by a bullish forecast from Goldman Sachs and as US President George W. Bush asked Saudi Arabia, the world’s largest oil producer, for help to lower skyrocketing energy prices.
Bush, on his second visit to Saudi Arabia [...]
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