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Multiple reasons behind the oil price rise
Oil prices went up significantly last week. By MERLIN FLOWER for OIL-PRICE.NET, 2010/03/11 In the U.S. there is an over-supply of crude oil in the market, at present. Not that it definitely should but, obviously, the price of oil should … Continue reading
Iran behind the Oil Price Hike : Iran now has enough leverage to move the price of oil at will
By MERLIN FLOWER for OIL-PRICE.NET, 2010/01/05 When oil prices were dropping after the Dubai crisis, Iran took it upon itself to save the price of oil. After all, Iran has the third largest oil reserves in the world. But how … Continue reading