Militants in Nigeria’s oil-producing region say they have blown up a major pipeline belonging to Italian energy firm Agip.
Archive for June 19th, 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.
