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Oil Prices Drop on Stagnant Demand | The Heat Zone
8 hours ago ago from The HEAT Zone - Heating Oil News & Information Blog - Save On Home Fuel Now
As of 9:01 am EST, the price of crude had fallen by 1.17 percent to reach $69.05 a barrel and the price of heating oil had dipped by .10 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Up $0.01 Morning projection (for Tuesday’s average price per gallon): Down $0.02 The price of crude oil continues to decline, sagging under the weight of bulging inventories of crude and refined oil products. ...
Related contentResults of Iraqi Oil Rights Auction Show No U.S. Favortism
7 hours ago ago from HeatingOil.com » Blog
The Chairman of China’s national oil company, the CEO of BP, and an Iraqi oil official celebrating a recent deal giving CNPC and BP access to Iraq’s giant Rumaila oil field. (image: wsj.net) So much for conspiracy theories. A number of people have opined that the U.S.-led invasion of Iraq was a cynical grab for oil, armed robbery on a national scale to secure access to Iraq’s enormous oil reserves . Based on the results of two ...
Related contentHow Can We Cope?
13 hours ago ago from Illinois Solar and Wind Installation
How Can We Cope? The world has some decisions about sources for future energy. The increase in population and increasing demand present a problem. The cost of conventional non-renewable energy sources is on the rise. Oil, gas, water, coal, and other natural resources have a limit to their supply. Gas, Oil and petroleum products are more expensive than ever, and the supply is running thin. Many may think that the planet may never ...
Related contentOil Falls on Tankan Report, Stocks Recover on Dubai Bailout
17 hours ago ago from The Best World News Web Site
Oil fell for a ninth day, the longest losing streak in eight years, after a report on Japanese business confidence showed exporters scaling back investment plans. Stocks erased earlier losses after Abu Dhabi and the central bank of the United Arab Emirates agreed to help Dubai World repay $4.1 billion of debt due today. The MSCI Asia Pacific Index, which was down as much as 0.6 percent in morning trading, recovered on the Dubai bailout. ...
Related contentIraq sells right to develop oil fields
17 hours ago ago from World Latest News
BAGHDAD: Iraq’s government sold development rights to two of its largest untapped oil fields at a public auction held under extraordinary security on Friday, three days after a series of coordinated bombings killed more than 100 people here in the capital. A partnership of Royal Dutch Shell and Petronas, a state-owned Malaysian company, won the larger field, Majnoon, in southern Iraq, which contains an estimated 12.6 billion barrels of ...
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Daniel Kessler: Unilever Drops Palm Oil Producer After Greenpeace Links It to Forest Crime
6 minutes ago ago from Huffington Post
Earlier this year, Gandi Sulistiyanto, one of Sinar Mas' managing directors, told Reuters that, "We should have been arrested if we had ever been involved in deforestation." Mr. Sulistiyanto may regret those words after Greenpeace presented new evidence that Sinar Mas, Indonesia's biggest palm oil producer, has been persistently engaging in widespread illegal deforestation and peatland clearance. We presented presented the evidence in this ...
Related contentJames Denselow: Iraq hits Black Gold
11 hours ago ago from Huffington Post
The timing could not have been worse. On Tuesday afternoon, set against the sleek backdrop of a London hotel, the vice-chairman of Iraq's oil and gas committee, Abdul-Hadi al-Hassani, told the BBC that the time is right to invest in Iraq as the government has "gone from strength to strength". A short distance across town, Sir John Scarlett, head of MI6 and gatekeeper to some of the precious "intelligence" that triggered the war, refused to ...
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