Crude Oil Prices 2012 under US and Iran Tensions
Crude oil prices 2012, tensions between Iran and the United States (U.S.) could hoist the price of crude oil Indonesia (ICP) is far above current levels. January 2012 alone, ICP had hit 115.90 dollars per barrel increased 4.6 percent from December 2011. Nymex futures fell for the previous five days on signs of surging supply. [...]
Tags:crude oil prices 2012, iran oil price, nymex future oil, us oil price Crude Oil | February 4, 2012
Chevron Filed Appeal with Ecuador Supreme Court for Polluting Amazon
Chevron Corp has filed an appeal with Ecuador’s Supreme Court to review a judgment that the U.S. oil company pay $18 billion in damages for polluting the Amazon jungle. An Ecuadorian judge ordered the U.S. major to pay the damages after a fraught legal battle that has lasted nearly two decades and looks like it [...]
Tags:amazon oil polluting, california oil company, chevron corp, chevron oil, oil company Hot News | January 21, 2012
Global Oil Demand 2012 Rise 1.1 million Barrel per Day
Global oil demand to grow by 1.1 million barrels a day in 2012, which is lower than its previous estimate of 1.3 million barrels a day. “Clear signs of economic weakness tipped global oil demand into a declining year-on-year trend at the end of 2011, down 0.3 mb/d in [the fourth quarter of 2011], its [...]