Wednesday August 30, 2006

Oil prices drop below $70

wrex.com :

Oil prices fell below $70 a barrel as Tropical Storm Ernesto veered away from the oil and gas region of the Gulf of Mexico, easing concern that output would be disrupted. Concerns about threats to supply were further eased when BP said it had restored output from its Prudhoe Bay field in Alaska to about 200,000 barrels a day, half the daily production capacity. Traders also remain watchful of Iran's stand-off with the West over its nuclear program.

bloomberg.com :

Crude oil dropped below $70 as Tropical Storm Ernesto veered away from the oil and gas fields in the Gulf of Mexico. Natural gas has plunged 15% in two days because of the change in the storm's course. Crude oil touched $69.30, the lowest since June 21. Natural gas fell to $6.09, down 44% from a year ago. Americans were less confident in August than at any time in the past nine months. The Conference Board's index of confidence dropped to 99.6 from 107.0 in July, the biggest decline since last September.

(2006-08-30 01:29:58 SGT) [Energy] Permalink

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