The Oil Market Refuses to Heed Positive News

Article Abstract:

Prices of oil have been fluctuating abruptly on conflicting news of global oil supply and demand, fears of disruptions to supplies coming out of Iraq, uncertainty over finances and production management at Russian petroleum player Yukos, and growing demand in China. Saudi Arabia has stated it can step up production capacity immediately to meet international requirements if needed, but crude oil inventories and gasoline supplies in the U.S. have fallen, roiling the market once more. Some experts are skeptical that the Saudi offer would have much impact on the oil market, given that Saudi oil is principally heavy and high in sulfur, whereas market demand is far greater for the light sweet grade of oil.

United States, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Foreign trade, Production management, International economic relations, Organization of Petroleum Exporting Countries, Saudi Arabia, Middle East, Energy Supply, Energy Supply Programs-Oil, Analysis, Reports, International trade, Organization of the Petroleum Exporting Countries, International Energy Agency, Gasoline supply, Trade policy

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A Tanker Shortage Contributes to Rising Oil Costs

Article Abstract:

Shipping rates have reached record highs with the higher global demand for oil and only 1,500 tankers available worldwide.

Legal issues & crime, Government regulation (cont), Government regulation, Water Transportation, Deep sea foreign trans. of freight, Deep Sea Freight Transportation, Legal/Government Regulation, Ship Building and Repairing, Cargo & Tanker Vessels, Water Transportation Services, Support Activities for Water Transportation, Tankers, Laws, regulations and rules, International aspects, Shipping industry, Tankers (Ships)

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