24 April 2024
Border gas price update from GasStrategiesOnline
Publication date: 02 October 2008
Gas Strategies Group
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ISSN: 0964-8496
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Oil prices averaged $113.03/bbl for Dated Brent in August. Through August prices fell from close to $140/bbl to below $110/bbl. This drop has continued into September, and for the first time in five months, prices fell below $100/bbl to as low as $87/bbl. However, prices have recently begun to rise back to above $100/bbl due to reported cuts in global production and disruption to US refineries after hurricane Gustav, as well as strong buying from investors to offset the weakening dollar.