London. Oil prices slipped under 82 dollars on Thursday as investors took profits on gains made followed data that showed stronger US energy demand, analysts said. New York's main contract, light sweet crude for April delivery, dropped 14 cents to 81.95 dollars a barrel.

Report. EIA Highlights. Although spot crude oil prices continue to fluctuate on a daily basis, EIA’s projections for West Texas Intermediate (WTI) crude oil spot prices have remained relatively stable over the last 4 Outlooks. EIA expects WTI prices to average above $80 per barrel this spring, rising to an average of about $82 per barrel by the end of the year and to $85 per barrel by the end of 2011.

Report. Prices could stay in the range of $70 to $80 a barrel for the next decade, says Opec study. Oil prices could stay in the range of $70 (Dh257) to $80 a barrel for the next 10 years and expand to $70 to $100 in the longer term as the market is likely to be well-supplied by both Organisation of Petroleum Exporting Countries (Opec) and other producers, according to the 12-nation oil group.

London. Oil prices edged up by the middle of the day on Monday when one of the OPEC governors said 100 U.S. dollars per barrel would be preferable.

Report. Oil slid on Tuesday as forecasts for growing US crude inventories tempered bullish sentiment about the global economic recovery, which had driven prices to an eight-week high above $82 a day earlier.

Report. Nabors Industries traces its corporate lineage back into the early 20th century and was incorporated in the 1970s under a different name. Current management assumed the helm in 1987, and through merger and acquisitions as well as modern rig construction, the company has become the world's largest provider of contract drilling services for exploration and development of oil, gas, and geothermal wells.

Singapore. Oil breached 82 dollars a barrel in Asian trade Monday, extending last week's rally on a better-than-expected US jobs report, analysts said.

Report. Last year, it was reported that due to falling levels of ice, a new shipping route from Europe to Asia was being proposed. This 'Northwest Passage' would see ships pass through the Arctic Ocean and around the north of Russia to reach Asia.