Monthly Archives: June 2011

Nigerian Unrest: Impact on Crude Prices

Nigeria is the 14th largest producer of oil, with production exceeding 2.2 million BOPD.  For comparison, that is a quarter of the production level of oil rich Saudi Arabia. The price of oil futures was rocked when rebels began attempts … Continue reading

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Is China Prepared to Go to War for Oil?

China’s appetite for oil to fuel its economic growth is well known. As reported by CBS and Canadian news agencies in the past few days, tensions with its neighbors over mineral rights to the South China Sea oil reserves may … Continue reading

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The Effect of OPEC on US Oil Investments

OPEC announced on Jun 9th that it would keep production levels as is. Saudi Arabia and a few other Gulf nations want to see production increased to calm the oil market and drive down costs. Oil, like any commodity, is … Continue reading

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