Archive | March, 2012

Oil pipeline expansion may improve capacities, cut costs

Expansion of Seaway oil pipeline could step up current capacities. Pipeline reversal initiatives expected to benefit shippers and oil refineries alike.

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Russian Urals Crude Prices Reached Lowest Level in Ten Months

Prices of Russian Urals crude drop to its lowest level since May last year due to sufficient supply and weak demand from regional refiners.

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OPEC Expressed Lack of Control over Current Condition of Oil Market and Prices

OPEC members, particularly Saudi Arabia and Persian Gulf expressed the lack of control in rising oil prices.

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Low Prices of Oil can Significantly Fuel Russian Growth

Economist Liza Ermolenko explains why low crude prices may be able to significantly boost the growth of Russia’s economy.

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Crude Oil Prices Post Additional Gains

Crude Oil Prices Post Additional Gains

Prices of crude oil recently followed the increasing trend of other markets due to speculations on easing Federal Reserve measures.

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Goldman Sachs Economist: Oil Prices will Decline in the Next Months

Jim O’Neill, an economist at Goldman Sachs, claims and explains that prices of oil will reduce in the coming months.

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