Monthly Archives: February 2012

Oil Prices drop down after 7 days Surge

Posted on February 28, 2012 by Oil.com Editorial Team

The prices on oil fall after 7 days surge. However, the prices on retail gasoline keep on soaring added five cents to a national average of $3.70 per gallon over the weekend.

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U.S. and Mexico Agree to Share Gulf Oil

Posted on February 21, 2012 by Oil.com Editorial Team

Secretary of State Hillary Rodham Clinton and Mexico’s Foreign Minister Patricia Espinosa, sign the US-Mexico Agreement Concerning Transboundary Hydrocarbon Reservoirs in the Gulf of Mexico, Monday, Feb. 20, 2012, in Los Cabos, Mexico. From left are, Clinton, Interior Secretary Ken … Continue reading →

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New offshore oil facility in Iraq

Posted on February 14, 2012 by Oil.com Editorial Team

Iraq has opened a new offshore oil facility in order to increase its crude oil exports. This is only the 1st facility in it’s planned series of opening 4 oil facilities in the Arabian Gulf. It is estimates that opening … Continue reading →

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Increase in African Oil Imports After Iran Sanctions

Posted on February 7, 2012 by Oil.com Editorial Team

Imports of West African crude oil are the highest ever recorded, after the Iran oil embargo cut supplies of oil from Tehran to Beijing. The first quarter reflects the effects of the oil sanctions as India and China look to … Continue reading →

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