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Crude Oil Prices

Iranian Oil Bourse Opening

Iranian Oil Bourse Opening

Iranian Oil Bourse Opening By STEVE AUSTIN for OIL-PRICE.NET, 2008/02/06 The Iranian Oil Bourse establishing Euro-based pricing of oil is set to open on February 17th 2008 and could have devastating effects on the US dollar. Currently all three major oil markets (WTI, NYMEX, IPE) trade barrels of oil in…

Did you know about the Iranian oil bourse?

Did you know about the Iranian oil bourse?

© oil-price.net 2009, all rights reserved. Permission to redistribute articles from oil-price.net on other sites can be obtained by contacting us. Redistributed articles must contain a copyright notice and a link back to http://oil-price.net as follows: This article was written by Oil-Price.net which provides free information on crude oil. Source…

China North East Petroleum: Big Oil 2.0

China North East Petroleum: Big Oil 2.0

China North East Petroleum: Big Oil 2.0 By STEVE AUSTIN for OIL-PRICE.NET, 2008/05/07 Increasingly, governments are demanding higher prices from oil conglomerates for tapping into their onshore reserves and sometimes even excluding them in favor of domestic expertise. It looks bleaker and bleaker for Big Oil when you consider that…

There will be no new refineries

There will be no new refineries

There will be no new refineries By GIUSEPPE MARCONI for OIL-PRICE.NET, 2008/07/23 Oil companies won't be building more refineries, because there won't be enough oil left to refine by the time new refineries could pay for themselves. There hasn't been a new refinery built in the US since 1976. In…

Oil price and the $700B bailout

Oil price and the $700B bailout

Oil price and the $700B bailout By STEVE AUSTIN for OIL-PRICE.NET, 2008/10/06 As the US house of representatives voted to increase the dollar supply by $700B, many are wondering what effect this will have on energy prices. History is full of tragic examples where helicopter money triggered rampant inflation and…

2008 oil recap. And what is next

2008 oil recap. And what is next

2008 oil recap. And what is next By STEVE AUSTIN for OIL-PRICE.NET, 2009/01/05 It took only 5 months for the price of oil to plummet from $150 to under $40 in the second part of the year. Meanwhile oil consumption did not even decrease 10%, so what is the real…

When the Economy Improves, Peak Oil Means Oil Prices Go up

When the Economy Improves, Peak Oil Means Oil Prices Go up

When the Economy Improves, Peak Oil Means Oil Prices Go up By GIUSEPPE MARCONI for OIL-PRICE.NET, 2009/09/28 Someday the worst of this economic debacle will be over. Then the phenomenon of "Peak Oil", when the world's oil production reaches its maximum and begins a slow decline, will reassert its power…

Search for Oil

Search for Oil

Search for Oil By STEVE AUSTIN for OIL-PRICE.NET, 2009/10/08 Many of us are aware of the value of oil and very aware of the oil price rise. Oil drills and oil exploration float to mind every time the oil prices go north. But are we aware of the process behind…

China could displace US Dollar dominance

China could displace US Dollar dominance

China could displace US Dollar dominance By MERLIN FLOWER for OIL-PRICE.NET, 2009/10/14 Last month Marconi's article here in oil-price.net broke the news of how China was building its crude oil reserves, completing 102 million storage facilities and how the country had a big devaluating pile of dollars. Well, trusted sources…

Loss of elasticity in the oil price.

Loss of elasticity in the oil price.

Loss of elasticity in the oil price. By STEVE AUSTIN for OIL-PRICE.NET, 2009/10/21 Crude oil prices have surged to year high recently, as the economy is showing its first signs of recovery. Mark my words: the economy is not booming, far from that. There are however some signs that the…

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