Six predictions on where oil prices are headed in 2010 and beyond
Economic recovery and weakening dollar are driving up oil prices
Demand for OPEC crude will average 28.39 million barrels per day in 2010, the Organization of the Petroleum Exporting Countries said in report
Mangalore Refinery and Petrochemicals said it will begin processing crude from Cairn India's Rajasthan fields on Friday
Big oil producing nations denied a report that Gulf Arab states were in secret talks to replace the US dollar with a basket of currencies
World stocks kicked off October on a weaker note on Thursday as caution over the state of the US recovery tempered anticipation
The IEA has said world oil consumption would average 84.4 million bpd in 2009 -- down 2.2 percent from 2008 due to the economic downturn
Oil at close to $70 means OPEC will almost certainly keep existing output cuts in place, although it could seek to tighten compliance with existing targets
Essar Oil has for the first time offered term sale of 180-centistoke (cst) fuel oil for October-March lifting through private negotiations, traders said.
Oil resumed its fall towards $60 on Friday and looks set to end the week down around 8 per cent, its largest weekly fall since late January, on deepening economic pessimism and fears of new regulations to curb futures speculation.
