Peak Oil in the News

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Peak Oil News Saturday December 2nd 2006

Peak Oil Passnotes: We Were on the Money
(Resource Investor: Fri, 01 Dec) If you have been following this column you will be 'quids in' as they say in the U.K. Just do not expect oil to hit $78 again this year.

Oil reaches two-month peak after Opec curbs
(Gulf Daily News: Fri, 01 Dec) LONDON: World oil prices rose to their highest levels for more than two months yesterday, following falls to US energy stocks and evidence that Opec has executed a promised cut in output, analysts said.

India plans to source more oil, gas from Russia
(Islamic Republic News Agency: Sat, 02 Dec) India - Oil - Russia India plans to get more oil and gas from Russia as part of its efforts to diversify sources of energy, Petroleum Minister Murli Deora said on Saturday.

`India to source more oil, gas from Russia`
(Central Chronicle: Sat, 02 Dec) Mangalore, Dec 2: India plans to get more oil and gas from Russia as part of its efforts to diversify sources of energy, Petroleum Minister Murli Deora said today.

India plans to source more oil, gas from Russia: Deora
(Kaumundi Online: Sat, 02 Dec) MANGALORE: India plans to get more oil and gas from Russia as part of its efforts to diversify sources of energy, Petroleum Minister Murli Deora said.

Oil strikes 2-month peak
(News 24 South Africa: Thu, 30 Nov) Oil prices have risen to their highest levels for more than 2 months following falls to US energy stocks and evidence that Opec has executed a promised cut in output.

Rising oil prices, weak dollar push commodities higher
(Financial Express: Sat, 02 Dec) LONDON, Dec 2 (AFP): Most global commodity markets advanced this week, in line with oil price gains, reaping the benefits of a weak US currency which makes dollar-denominated products cheaper for foreign buyers.

Oil prices ease on profit-taking but Naimi’s words limit losses
(Gulf Times: Sat, 02 Dec) LONDON: Oil fell below $63 a barrel yesterday as investors booked profits after prices hit a two-month high in the previous session. But losses were limited after Saudi Arabia's oil minister said more production needed to be removed from the market because of high US fuel stocks.

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