Friday October 21, 2005 
Friday October 21, 2005
Oil prices held around $60 on Friday after a 2.2 percent slide the previous day as U.S. oil and natural gas stocks swelled, revealing weaker demand in the world's top consumer. "Sentiment in the natural gas market has turned decidedly bearish on the basis of demand destruction - and it may take a westerly turn by Hurricane Wilma or frigid temperatures to turn the tide," said JP Morgan in an energy report.
Some analysts said supplies of fuels such as heating oil, which fell last week but remained higher than this time in 2004, could still spell higher prices as the northern hemisphere approaches winter. The UK Meteorological Office has predicted a colder-than-average winter for much of Europe, while forecaster EarthSat said this week that the U.S. Northeast - the world's largest heating oil market - would be chillier than last year.
See also :
1. High oil prices eroding demand
2. Exxon Sell-Off Underlines Oil Market Muddle
3. Decline In Gasoline Demand Is Largest In A Decade
(2005-10-21 14:14:15 SGT)
[Energy]
Permalink
Comments:
Post a Comment:
Comments are closed for this entry.
Most popular blog postings on lowem.log :
1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn
Featured articles on lowem.log :
1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out
| search |
|
|
| sponsored links |
|
|
| bookmarks |
|
about
blogroll
sites
quotes
charts
historical |
| navigation |
| decals |
|
| powered by |
|
| hosted by |
|