China Isn’t Increasing Oil Imports
Jun 6th, 2008 | By Byron King | Category: Oil Investment & Alternative EnergyWow… Here is an act of entirely commendable proportions.
Wow… Here is an act of entirely commendable proportions.
Oil prices gained a dollar today to approach last week’s record high of $133 a barrel after Nigerian rebels blew up a pipeline belonging to Royal Dutch Shell, forcing it to cut production. This from the Financial Times:
Crude prices jumped on Monday in electronic trading as news of the attack broke, but analysts said the impact on prices spilled over into Tuesday, when exchanges on both side of the Atlantic re-opened after the long weekend.