Page 2 - Barrel Mark News Today

Continue with the increase of 400,000 barrels a day month by month for the next certainly the year but with a very close watching brief on the market as with the oil prices certainly running too far ahead of that critical $80 a barrel mark. many are predicting oil prices will go up and up and you have goldman sachs saying by the end of the year we are looking at $90 a barrel, one organisation i spoke to last week energy aspects say over 100 next year is their projection as well. your thoughts? i...

Dysfunction in iran and venezuela, im asking that saudi arabia increase oil production maybe up to 2 million barrels to make up for the difference. prices too high. he has agreed. some say this move is part of a plan to try and isolate iran and place economic and political pressures on that country. the white house announced its zero sanctions against iranian oil importers, the associated press is reporting that saudi arabia has confirmed that the president and the king salman did talk about the...

Self-driving unit under alphabet, stole intellectual property information. were talking about information tied to secret designs when he left to found a company called auto, which in turn was purchased by uber. these allegations were filed in a san francisco court alleging that he stole some 14,000 confidential files he took to an external server. uber takes the allegations seriously and will review the matter very carelly. elsewhere, keep an eye on oil prices today pairing back some of the ga...

Lets get a look at the money with alison kosik. >> asian markets are up. u.s. markets are higher after the rough week. you look at the three averages. they posted a third weekly loss in a row. the dow and s&p 500, they turned negative for the year. why the slump? a strong dollar and low crude oil prices are a couple of the main reasons the dollar is sitting at a 12-year high versus the euro. it is great news for travelers heading to europe but bad news for multinational companies. it winds up hu...

Chevron down 3%. were seeing oil prices crack the $61 a barrel mark for the first time since 2009. a couple of reports that came out have sparked this sell-off in oil which in turn is causing this sell-off in stock. the latest weekly status report from the government is showing there was a surprise increase in u.s. crude stockpiles. the problem with that is were seeing demand for oil fall in eurozone and china. opecs monthly oil market report came out and its forecasting less demand for oil next...

Speak on camera is still hoping production will emerge. study by the congressional research service however, says the government, "projects that biofuels are not expected to be commercially available on a large scale until 2015." so refiners are suing, worried the mandate gets larger. still, not a gallon of cellulostic ethanol in sight. >> bret: thank you. oil futures fell below the $80 a barrel mark for the first time since last october. $78.20. gasoline dropped $3.47. that is down 21 cents fro...

preside over crowds today in havana. hes on his last leg of his visit to cuba. before saying mass, hell speak to cuban president raul castro. his brother fidel has requested a meeting as well. a key part of the health care reform law may be in jeopardy. the u.s. supreme court expressed different views on whether the government can require individuals to buy health insurance or face a penalty. today is the third and final day of the hearings. a ruling is expected in june. those are th...

the latest shooting was on monday when three children and a teenager were kill at a nearby jewish school. police say negotiations are still under way with the suspect in this hours long standoff. diana magnay joins us from toulouse with the latest. this standoff has been going on for three hours now at the very least. is there a sense theyre making any headway? >> reporter: well, weve just heard from the mayor, actually, whos been talking to police right outside the house, just up the ...

>> the final decision on solyndra was mine and i made them with the best interest of the taxpayer in mind. i want to be clear, this goes on to say, over the course of solyndra loan guarantee i did not make any decision based on political consideration. >> we will have complete coverage tomorrow. thank you, doug. oil prices topped the $100 a barrel mark today. they shot up by more than $3 to close at $102.59 a barrel. china increased its holding of u.s. treasury debt by 1% in september and re...

>> the final decision on solyndra was mine and i made them with the best interest of the taxpayer in mind. i want to be clear, this goes on to say, over the course of solyndra loan guarantee i did not make any decision based on political consideration. >> we will have complete coverage tomorrow. thank you, doug. oil prices topped the $100 a barrel mark today. they shot up by more than $3 to close at $102.59 a barrel. china increased its holding of u.s. treasury debt by 1% in september and re...