Crude Oil News
The End of the Libyan War Will Impact Crude Prices
Last Updated on Tuesday, 23 August 2011 14:11 Monday, 22 August 2011 23:00
Before the Libyan civil war begun, the North African country was OPEC's 13th crude oil exporter. More than a million barrels left the refineries, daily. Most of them were transported to Europe. And even European countries built their own refineries on Libyan ground. The Italian concern ENI, for instance, exported 280,000 barrels, today, however, barely 50,000 barrels. When the fights against Gaddafi started end of February, the crude oil prices hiked extremely fast. In April, Brent crude reached the maximum of $126. However, after rebels entered Tripoli these days, new hopes started to grow.
Crude Oil Prices Dropping Again
Friday, 19 August 2011 13:22
At the end of the week, the crude oil prices dropped down $3, again. A barrel of Brent crude costs $108.12 and the US light oil WTI $81.35. The tension on the raw material stocks gets bigger and bigger.
Bad North Sea spill
Thursday, 18 August 2011 00:00
The first leak have been discovered last week, and according to Shell, everything is under control on their crude oil platform in the North Sea.
Fuel and Cars
Wednesday, 17 August 2011 00:00
Since the economy showed up so extravagant changes, with a such expensive crude oil and extremely expensive fuel prices, people started to look after answers to the question: How to use less fuel?
Tuesday, 16 August 2011 00:00
The last week was full of stress, economy panic attacks and buyer war. Everybody was afraid of enormous losses, prices were hiking up and down and the US. Recession made all this more worse. But this week starts with an unusual relaxed economy life.