tony curzon price's Library tagged oil → View Popular

28 May 09

oil prices surged to their highest level this year after Saudi Arabia’s oil minister said the global economy had strengthened enough to cope with oil at $80 a barrel.

03 May 09

13 Apr 09

The fall in exploration activity is so bad that the Department of Energy has had to postpone its offshore licensing round and the Treasury has indicated that it will give companies some tax relief in the Budget later this month.
From 2010, the government is likely to suffer a significant drop in tax revenue because oil companies, together with banks, have in recent years been their most important sources of funding.

07 Dec 08

Outside OPEC, Russia, the world's second-largest oil producer, needs oil at US$70 to balance its budget, while Mexico's budget reflects oil at US$80 a barrel. Alberta, Canada's top oil producing province, based its 2008/2009 budget on oil averaging US$78 a barrel.

08 Jun 08

The biggest puzzle is why oil prices keep on going higher and higher while the economy is clearly contracting and US oil demand is starting to fall.

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