The oil-rich emirate plans to raise output capacity for crude
Official figures show that the price of highquality Brent crude
, used mainly in the refineries of advanced countries, was $ 102.
About 60 per cent of crude
oil required for domestic demand is imported.
So far, crude
oil sales have been excluded from the European Union and United Nations sanctions.
Greece is in the EU, so if one of its tankers carried the Syrian crude
that would be a violation of the sanctions.
steel production for June 2010 was 53.
Rayola Dougher, senior policy analyst for the oil industry trade group American Petroleum Institute, said even though inventories are improved over last year, record high crude
prices could hit consumers in coming weeks.
oil expenses jumped US$22 million during the first nine months of 2002 after the April 2002 coup attempt in Venezuela disrupted oil shipments, forcing it to buy higher-priced crude
from alternative suppliers.
48 on the 2000 BE INDUSTRIAL/SERVICE 100 list with $61 million in sales), says, "The high oil prices are actually affecting our business in a positive way; since we are in the business of wholesaling crude
oil, we have a fixed priced at which we purchase crude
While the response of world crude
oil production to the Iraqi invasion can be gauged fairly readily, the reaction of world oil consumption is more difficult to discern.
The Argus Crude
Summit theme, "Boom, Base Load, or Bottleneck?
steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 135 million tonnes (Mt) in August 2014, an increase of 1.