Global markets have fluctuated wildly this week as signs the U.S. might be headed toward recession rattled investors already unnerved by Europe’s worsening debt crisis.

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The Canadian dollar eased against the U.S. currency on Thursday on weakening oil prices and concerns that  the European debt crisis could spill over to France and hurt global economic growth

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Brent crude rose more than 2 percent on Wednesday as data showed U.S. stockpiles fell unexpectedly last week

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The natural gas market is entering a golden age on the back of increasing global demand. So proclaims the International Energy Agency, the western countries’ watchdog. But the natural gas pricing system remains, for now, largely in the dark ages.

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Oil prices tumbled to their lowest in almost a year to below $78 a barrel Tuesday in Asia amid a global sell-off of equities and commodities triggered by investor fears the U.S. will soon fall into recession.

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Iran has discovered a new onshore gas field with 495 billion cubic metres of gas that it estimates is worth $133 billion, Deputy Oil Minister Ahmad Qalebani told a news conference on Monday.

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Oil dropped nearly 2 percent Friday as investors shrugged off U.S. job gains and focused on lingering concerns about the global economy

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An explosion struck an oil pipeline in Iran’s oil-rich southwestern province of Khuzestan early Friday, triggering a blaze that took firefighters hours to put out, news agencies reported

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Russian exports of crude oil and petroleum products during the first half of August rose to almost 5m b/d. Total exports from the former Soviet Union   then averaged 5.99m b/d. FSU exports could reach 14m b/d by 2015 and thus challenge the Persian Gulf .

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Crude prices climbed more than$1 on Monday, sending Brent towards $118, as lawmakers in theUnited States moved closer to raising the nation’s borrowinglimit and averting a default by the world’s top oil consumer.

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