Crude Oil News
Everybody Wants Crude Oil
Last Updated on Tuesday, 19 July 2011 11:54 Tuesday, 19 July 2011 11:53
Even today, the demand on crude is getting higher and higher. IEA's statistics say, the daily consume of oil will increase 2012 worldwide to 1,5 million barrels. It doesn't sound as bad, but if we consider that this rate will get up to 100 million barrel per day in 2030, we can not say, this process would be good.
Gas Prices Raising – How Can We Save On Gas?
Last Updated on Wednesday, 06 July 2011 10:56 Wednesday, 06 July 2011 10:53
Crude Oil prices don't show any kind of recovering signs any more. A barrel of WTI costs $96.78, Brent $112.74 per barrel. Even if we have had this prices months ago, the gasoline prices in the United States are now hiking up very fast.
South Korea's Crude Oil Import
Last Updated on Friday, 01 July 2011 11:33 Friday, 01 July 2011 11:32
After the successful crisis pass in Greece, the international economy points its attention on the Indian and Chinese inflation. However, the fourth-largest crude oil buyer country of the east region of Asia, South Korea, showed up with impressing results at the end of the month.
In the Shadow of the crisis
Last Updated on Thursday, 30 June 2011 14:33 Thursday, 30 June 2011 14:32
The actual situation in international economy shows recovery signs for Europe, unstable prices of crude oil and the renewal of a crisis in East-Asia.
The End of IEA's Saving Plan
Wednesday, 29 June 2011 13:57The shock after IEA's plan with the release of 30 million of emergency barrels to change the crude prices last week, it's over. Although Brent reached on Monday barely the $100 per barrel, the situation seems to return to “normal”.
After the little course change in the last days, the US dollar dropped back and Greece is on the way to accept the European help-program and to recover from the crisis. And of course, the prices of crude oil are raising again. With a recover of almost 1,32%, a barrel of WTI costs $94,12. Brent raised up 1,56%, which means $110,50 per barrel.
However, in the next day's a tropical storm is awaited in the Gulf of Mexico. The oil plants may be spared, although they will be closed during the insecure weather.
This incident should not influence the oil demand and consumption of the US, experts said.