Thursday, February 24, 2005
Wednesday, February 16, 2005
FT.com / Home UK - Chinese demand set to push Opec to limit
FT.com / Home UK - Chinese demand set to push Opec to limit: "The cartel said it would have to supply at least 30.1m barrels a day in the fourth quarter of the year to balance the market, an increase of 630,000 b/d from its previous estimate in January and 1.1m b/d up from the December figure. The International Energy Agency forecasts Opec's capacity will be 31.5m b/d by mid-2005.
Opec pumped at capacity last autumn as it tried to catch up with a big increase in demand. But the sharp production increase reduced spare capacity to a 30-year low, helping push oil prices to a nominal record of more than $55 a barrel last October."
Opec pumped at capacity last autumn as it tried to catch up with a big increase in demand. But the sharp production increase reduced spare capacity to a 30-year low, helping push oil prices to a nominal record of more than $55 a barrel last October."
Monday, February 07, 2005
When is the planet going to run out of oil?
Ask Yahoo gets into the peak oil debate. Lots of nice links too: When is the planet going to run out of oil?
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