Investment needed to keep oil flowing, analysts suggest
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The spike in oil prices in recent months is stoking heated arguments between market players, who blame each other for the lack of production capacities that has been exposed by strong global demand.
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The U.S. economy may lose a step to  record high oil prices but concerns over inflation are likely  to keep the Federal Reserve on a steady course of gradually  raising interest rates, analysts say.
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With the company's reserves running dry, investors might want to dip into a different well.
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WASHINGTON: Global finance chiefs may admit this week that soaring oil prices are a cloud on a generally sunny world economic horizon but they will likely dismiss any chance they could drown growth.
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Political headwinds are likely to batter this oil producer's results.
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An African-based investment analyst says further rises in global oil prices are likely, given the growing possibility of civil war in the world&#39;s sixth-largest oil producer, Nigeria.
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To extract oil from the Jack field, a rig will have to negotiate freezing waters, boiling oil and seismic uncertainty. Hereâs how.
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LONDON -- Russia will need more than $900 billion of investment as well as sweeping price reforms if the country is to continue raising oil and gas production over the next 25 years, the International Energy Agency said Tuesday.
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Investors are expected to focus on oil prices and corporate earnings outlooks this week, and the slightest warning about company revenues could weigh on stocks.
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Oil held near a seven-session high above   $63 a barrel on Thursday, supported by investment fund buying   and speculation that OPEC could trim output to bolster prices.
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No matter what theory oil analysts used to explain the spike in petroleum prices over the summer, this week those analysts were saying that those factors -- geopolitics, supplies of refined products and hedge fund speculation -- are working in reverse to drive prices down.
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New York - Investors are expected to focus on oil prices and earnings outlooks this week, and the slightest warning about revenues could weigh on stocks.
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The world's top finance officials on  Friday asked oil-producing nations to step up output and agreed  it was crucial to work out exactly why prices have soared to  levels that threaten global growth.
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Top executives at three big U.S. oil  companies defended record profits on Sunday as necessary to  finance future investment, and one cautioned that summer  gasoline pump prices could go higher with hurricane season  underway.
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OPEC has stressed its view that high oil prices were a result of speculation and pledged to provide enough crude to calm global markets, while an energy research group warned prices could remain high for some time.
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The Anglo-Dutch oil firm sets out to woo investors by explaining how it will boost its oil reserves.
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URGENT action is needed to ensure sky-high oil prices do not derail the global economic recovery, the International Monetary Fund said yesterday.