Monthly Archives: December 2011

Oil demand may make records in the year 2012

Posted on December 27, 2011 by Oil.com Editorial Team

  Crude oil may climb to record heights in the coming year due to the demand in emerging economies as well as by the avoidance of recession in US. The stimulus provided to the US economy are proving effective. On … Continue reading →

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Fading Hopes for Russian Survivors in Rig Disaster

Posted on December 20, 2011 by Oil.com Editorial Team

Hopes are fading that the 39 missing from the sunken drilling rig could still be alive in the icy waters of the Okhotsk Sea. Rescue officials by Monday, had found 14 bodies and 14 survivors off the far eastern island … Continue reading →

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OPEC likely to skip individual production targets

Posted on December 13, 2011 by Oil.com Editorial Team

OPEC delegates state that OPEC is unwilling to state individual output production quotas for members. The last output production limit had been set in 2008 for 11 members excluding Iraq. This quota was implemented  to restrict supply as recession was … Continue reading →

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France and UK look to influence EU for Oil Ban

Posted on December 6, 2011 by Oil.com Editorial Team

France and UK look forward to the EU meet this week to thrust their demand for a complete embargo on oil imports from Iran. Although the meeting is predominantly about sustaining the future of Euro, the two countries are using … Continue reading →

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