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Oil News

Chinese oil demand leaps, but top economies lagFriday, March 12, 2010 @ 5:34AMEmerging markets are driving unexpectedly strong growth of world oil demand this year with a big boost from China, despite a fall in advanced economies, the International Energy Agency said on Friday.

Iraq's election race tight as results delayed againFriday, March 12, 2010 @ 5:33AMPrime Minister Nuri al-Maliki had a modest lead over rival Shi'ites, partial results from Iraq's tight election race showed on Friday, but a secularist challenger remained far ahead among Iraqi Sunnis.

Oil above $82 after IEA raises demand forecastsFriday, March 12, 2010 @ 5:32AMOil moves above $82 in Europe after IEA forecasts a rise in Asian demand

Stocks Rise, Led by Emerging Markets; Gold Gains, Yen WeakensFriday, March 12, 2010 @ 5:32AMMarch 12 (Bloomberg) -- Stocks rose as commodity companies and banks drove the MSCI Emerging Markets Index to its fifth week of gains. Gold led commodities higher, while the yen weakened.

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Guj HC justice declines to hear Rajesh Adani's caseFriday, March 12, 2010 @ 5:31AMJustice A S Dave of the Gujarat High Court today declined to hear the case of Adani Enterprise (AEL) Managing Director Rajesh Adani, who was arrested by CBI for allegedly evading customs duty and later released on bail.

IEA expects higher 2010 oil demand in emerging mktsFriday, March 12, 2010 @ 5:31AMWorld oil demand this year will be slightly higher than previously expected, the International Energy Agency (IEA) said today, because of growth in developing countries.

Indications: U.S. stock futures point higher before retail dataFriday, March 12, 2010 @ 5:30AMU.S. stock futures point to an extension of the week’s advance ahead of economic reports on retail sales and consumer confidence.

Isramco, Inc. Reports Fourth Quarter ResultsFriday, March 12, 2010 @ 5:30AMIsramco, Inc. reported today revenues for the fourth quarter ended December 31, 2009 of $9,508,000 compared to revenues of $7,728,000 for the fourth quarter a year ago. The company reported net loss of  $5,337,000, or per share, for the fourth quarter of 2009 compared to a net income of $8,573,000, or $3.15 per share, for the same quarter a year earlier.