Yesterday, the IEA – International Energy Agency published its monthly report on the global crude oil market as of February 2012. According to the recent monthly update, during February, OPEC’s oil production rose to 31.42 million bbl/d compared with January’s…
Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of December 2011. According to the report, during December, OPEC’s oil production rose to 30.89 million bbl/d compared with November’s average oil…
Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of November 2011. According to the report, during November, OPEC’s oil production increased to 30.68 million bbl/d compared with October’s average oil production;…
Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of October 2011. During October, OPEC’s oil production slightly rose to 30.01 million bbl/d compared with September’s average oil production; this was…
Today, the IEA – International Energy Agency published its monthly report on the global crude oil market as of September 2011. During September, OPEC’s oil production slipped by to 30.15 million bbl/d compared with August’s average oil production; this was…
In an attempt to curb the rising instability in the crude oil market, The Chicago Mercantile Exchange (CME group) raised the margin required for investors to trade U.S. crude oil futures by 25% to be affected as of the close…