Archive | August, 2012

Current Oil Prices Reflect a 30% Rise since June

The current price of crude is a reflection of an increase by almost 30% since June due to many factors.

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BP PLC to Restart $2 Billion Oil Exploration in 2013

BP PLC aims to start its oil exploration activities amounting to $2 billion in the coming year.

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Concern about US Sanctions Against Iran Considered a Top Driver of Current Oil Prices

Concerns regarding the sanctions imposed by the United States over Iran is considered the top driver of the rise and fall in the current oil prices.

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Crude Oil Prices Extends Drop to $95

The price of crude oil extends its drop for the week to $95 to start posting a slight fall in the trading for this week.

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Iranian OPEC Rep Dismisses US Threat to Use Strategic Reserves to Lower Oil Prices

The OPEC representative of Iran disregards the renewed threat of the United States to tap its strategic crude reserves to lower the price of oil.

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High Crude Prices Revives Talk of Emergency Oil Release

The currently high price of crude triggers the Obama administration to revive the discussions of possibly releasing the Strategic oil reserves.

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