News July 30, by the recent volatility in international oil prices impact, it is estimated that the supply contract in September of the official price of Oman crude oil fell 4.43 U.S. dollars last month to 65.05 U.S. dollars a barrel. The official price is the United Arab Emirates, Dubai Mercantile Exchange, trading the Oman Crude Oil Futures Contract in July the average daily settlement price. Oman sour crude supply contract cargo will use the official price. Oman in the quality of high-sulfur crude oil exported to Asia, the main oil refineries, the crude oil is the most common transactions in the Middle East crude oil spot.
Dubai government said Thursday, in October had confirmed that their primary official price of crude oil per barrel price of Oman -0.30 U.S. official. Oman crude oil in October is the official price of Dubai Mercantile Exchange in August average trading price of the settlement.
Dubai crude oil has traditionally been the benchmark of Middle East oil producers, Dubai, United Arab Emirates only the production of more than 2.2 million barrels of daily crude oil production as part of the total. Cargo in the Middle East producers will announce pricing for a barrel of Dubai / Oman Spread valuation.
Jul. 31, 2009
Iraq's oil potential is far more than the initial forecast
Washington news, Barack Obama's national security adviser James Johns on July 24 said here today that the oil potential of Iraq's possession of people far more than earlier presumed.
Johns was at the U.S. Chamber of Commerce in Washington, held after the meeting and deliver a speech on the media made these remarks. He said: "They found more oil reserves, Iraq's oil potential of the total much higher than our previous forecast." Previously led the American Chamber of Commerce of the energy research institute, said Johns, as in the oil and gas exploration operations in Iraq has become easier than before, so that they are the exploration for more oil reserves.
Johns in the United States Chamber of Commerce meeting, a speech that the security situation in Iraq continue to improve the foreign companies to increase investment in the possibility of Iraq's oil industry.
Jul. 27, 2009
Johns was at the U.S. Chamber of Commerce in Washington, held after the meeting and deliver a speech on the media made these remarks. He said: "They found more oil reserves, Iraq's oil potential of the total much higher than our previous forecast." Previously led the American Chamber of Commerce of the energy research institute, said Johns, as in the oil and gas exploration operations in Iraq has become easier than before, so that they are the exploration for more oil reserves.
Johns in the United States Chamber of Commerce meeting, a speech that the security situation in Iraq continue to improve the foreign companies to increase investment in the possibility of Iraq's oil industry.
Jul. 27, 2009
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