Militants in Nigeria’s oil-producing region say they have blown up a major pipeline belonging to Italian energy firm Agip.
Archive for June, 2009
The Organisation of Petroleum Exporting Countries (Opec) is an association of oil-producing nations set up in 1960 with the express purpose of influencing oil prices by controlling supply. Things have changed a great deal for the cartel in recent years.
The importance of oil to global economies has been brought into focus as prices reach $100 a barrel. Follow the links for a snapshot of the industry and how reserves, consumption and trade differ around the world.
Are we running out of oil? The world in energy statistics
Published June 11, 2009 Energy Leave a Comment
The amount of proven oil reserves awaiting to be exploited fell last year for the first time in a decade, according to new figures released today. The amount of crude left in the ground was 1.258trn barrels – 3bn less than this time last year.
An oil prices through the decades interactive graph
http://www.guardian.co.uk/business/interactive/2008/may/22/commodities
Predictions of $250 a barrel on fears for oil reserves, hopes of economic recovery and hedging against weak dollar
http://www.guardian.co.uk/business/2009/jun/10/oil-market-reserves
