Oil hits $60 a barrel for the first time in 2.5 years
HOUSTON - Oil prices spiked to their highest level in two and a half years after a pipeline exploded in Libya. Libya's state-run National Oil Corporation said the explosion jeopardized output by up to 100,000 barrels More...
Oil prices steady as Saudi cuts September supplies
LONDON - Oil prices steadied on Tuesday after news of lower crude supplies from Saudi Arabia offset higher production from other large exporters including the United States. Saudi state oil company Aramco will cut More...
Oil slumps to lowest this year as traders focus on record supply
HOUSTON - Investors are finally taking record U.S. oil stockpiles seriously. Oil slumped the most in more than a year after government data showed production cuts from OPEC and other exporters have not been enough More...
Gasoline prices are going up again
WILLEMSTAD – Gasoline and diesel prices are going up again on January 31. Gasoline price goes up by 9 cents per liter, thus from 1.52 to 1.61 guilders at the gas station. Diesel goes up by 12 cents, from 99 cents More...
Oil set for first weekly gain in five on OPEC deal optimism
LONDON - Brent crude oil prices were headed for their first weekly gain in five on Friday buoyed by renewed hopes that OPEC might agree production cuts, but a stronger U.S. dollar capped gains. Brent crude oil futures More...
Few changes in fuel prices
WILLEMSTAD – Per November 1 there will not be much change in the fuel prices on the island. Gasoline will remain at 1.51 guilders per liter at the gas station. Diesel will be slightly more expensive; from 1.05 More...
Nervous about Venezuela’s instability, China rethinks financial links to country
Back in the 1990's it seemed like an ideal relationship. Venezuela was an oil-rich nation in the Americas whose socialist president, Hugo Chávez, held former Chinese communist leader Mao Zedong in high regard. The More...
Venezuela says $50 oil is enough to avoid PDVSA default
ST. PETERSBURG - Crude prices around $50/bbl are enough for Venezuela’s state oil producer to avoid a default on its debt, company president and national oil minister Eulogio Del Pino said Thursday in an interview. “$50 More...
Venezuelan oil minister Del Pino: “What’s the big deal for bringing oil from the market to Curaçao?”
CARACAS, WILLEMSTAD - Venezuelan oil minister Eulogio Del Pino voiced optimism Thursday about his crisis-hit country’s ability to increase its oil production to 3 million b/d, depending on a hoped-for price recovery. Speaking More...
Modest recovery World Oil Price: Job and deepwater cuts continue
WILLEMSTAD - Over the past five months oil markets have bounced back considerably since Brent crude hit a low of $28.43 a barrel in mid-January. While there was a similar recovery over the same period in 2015, this More...
