Benchmarks Leading Oil & Gas National Oil Companies on operational and financial parameters.
Companies covered include; China Petroleum & Chemical Corporation, CNOOC Limited, OAO Gazprom, Oil and Natural Gas Corporation Limited, OJSC Rosneft Oil Company, PetroChina Company Limited, Petroleo Brasileiro S.
On January 24 Reuters reported that Iraqi officials were under pressure to finalize the oil law for eventual passage by the parliament.
Three outside groups have had far more opportunity to scrutinize this legislation than most Iraqis," claimed Greg Muttitt of Platform, a human rights and environmental group that monitors the oil industry.
But it was never really the world's olive-growing capital, and in the 1940s and '50s there wasn't even much of a local market for olive oil when Fusano's family made it from their own trees.
Most of the buyers were Italians and Greeks who lived back East,'' Fusano said, recalling that it was hard to imagine in those days how popular olive oil would become in California today.
However, most of Venezuela's mega-horde of crude is in the form of "extra-heavy" oil--liquid asphalt--which is ghastly expensive to pull up and refine, Oil has to sell above $30 a barrel to make the investment in extra-heavy oil worthwhile.
ferried then-Crown Prince (now King) Abdullah of Saudi Arabia around the Crawford ranch in a golf cart it wasn't because America needs Arabian oil.
China's oil consumption is now approaching seven million barrels per day compared to 5.
China has deployed four thousand military police in the Sudan to protect an oil pipeline which it built there six years ago with Petronas of Malaysia.
In March 2005, the New York investment bank Goldman Sachs issued a report suggesting that oil prices would experience a "super spike" in 2006, reaching up to $105 per barrel.
Such forecasts have been bolstered by a steep rise in oil prices over the last three years, going from $18 a barrel in 2002 to $70 last fall.
It had to give the world an economic reason to hold them, and that reason was oil
If the oil
has turned color, should it be replaced?
Despite the reliance on it evident in nearly all strategic energy planning, Saudi oil
is also a finite resource, and some fear that the desert kingdom may be the next mega-producer to lose momentum.