Dating north slope crude oil

The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result, the price of oil has a strong influence.

Crude Oil Price Today WTI OIL PRICE CHART OIL PRICE PER

In December 2005 the global demand for crude oil was 83.3 million barrels per day according to the International Energy Agency (IEA) and will rise further. On an international level there are a number of different types of crude oil.

Dating north slope crude oil

Other reference oil types include Leona, Tijuana, Alaska North Slope, Zueitina or Urals. The most important trading venue for European Brent Crude Oil is the International Petroleum Exchange in London).

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Dating north slope crude oil

The price of oil is the most important value on international commodity markets since crude oil is the most important commodity. Emerging industrial markets such as China, India and Latin America greatly influence the price of oil, since they require.

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