Morgan Stanley
Hong Kong | Sunday, 12 October 2008

Oil Articles

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111. Oil jumps above $140 on OPEC, Libya comments
Oil futures shot above $140 Thursday after OPEC's president said crude prices could rise well above $150 a barrel this year and Libya said it may cut oil production. The advance raised the likelihood that gasoline prices would also extend their march higher, and that prices of goods and services
27 Jun 2008
112. HK plans to launch commodities exchange in 2009
In the first quarter of 2009, Hong Kong plans to launch a new commodities exchange to trade fuel oil and other commodities to capitalize on the booming market for raw materials in mainland China. Possible investors and members include Lehman Brothers, Merrill Lynch, Morgan Stanley and other major companies officials said today (June, 25).
25 Jun 2008
113. Oil prices steady around $137 a barrel in Asia
Oil prices were steady in Asian trading Wednesday amid concerns about the impact that high fuel prices are having on demand in the United States, the world's biggest energy consumer.
25 Jun 2008
114. Oil prices steady as market eyes Nigeria
Oil prices steadied near $137 a barrel Tuesday, supported by concerns over supply disruptions out of Nigeria and new European Union sanctions against Iran.
24 Jun 2008
115. L&T bags Rs.1000 crore hi-tech equipment orders in power, oil sectors
Engineering and construction major Larsen & Toubro (L&T) said its Heavy Engineering Division (HED) has bagged orders worth Rs.1000 crore ($250 million) within the first two months of the first fiscal quarter of 2009.
24 Jun 2008
116. Jeddah Summit: Saudi Arabia promises to increase oil output; India urges "price band mechanism"
The Jeddah Summit attended by 35 countries (including OPEC members), seven international organizations and 25 oil companies, concluded on a bittersweet note on Sunday with world's largest oil producer Saudi Arabia promising to increase oil output by 200,000 barrels per day (bpd) in the month of July, which some nations say is still not enough.
24 Jun 2008
117. South Korean court fines Samsung Heavy over oil spill
A South Korean court fined Samsung Heavy Industries Co. 30 million won ($28,870) Monday for its involvement in a major oil spill, a court official said.
24 Jun 2008
118. Oil rises on modest Saudi increase, Nigeria
Oil prices rose Monday on disappointment over Saudi Arabia's modest production increase and concerns that output from Nigeria will decline. Retail gas prices, meanwhile, inched lower overnight, but appear unlikely to change much as long as oil prices stay in a trading range.
24 Jun 2008
119. PRECIOUS METALS: Gold Gains Nearly 4 Pct on Week, Oil Soars
Gold futures edged lower on Friday but managed to close the week with a gain of almost 4 percent as oil prices continued to soar and weakness in the U.S. dollar boosted the demand for a hedge against inflation.
23 Jun 2008
120. Oil minister: Saudi willing to increase crude output
Facing strong U.S. pressure and global dismay over oil prices, Saudi Arabia said Sunday it will produce more crude this year if the market needs it. But the vague pledge fell far short of U.S. hopes for a specific increase and may do little to lower prices immediately.
23 Jun 2008
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