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Fears halt oil price slide

CONTINUING geopolitical concerns over OPEC producers Iran, Nigeria, and now Venezuela, stopped oil prices steep slide this week as the markets preoccupation with the possibility of a major disruption to global supplies kept crude priced above US$60 per barrel.

There has also been mixed reaction to last week’s admission by US President George W Bush that the America is addicted to oil and needs to wean itself off Middle Eastern supplies. Bush said, in his State...

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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.