 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Tehran, Iran (XNA) Nov 23, 2010 Iranian OPEC Governor Mohammad Ali Khatibi said that an oil price of up to 100 U.S. dollars would not hurt global economy, local satellite Press TV reported on Monday. Khatibi said on Sunday that the world economy is in a position to absorb an oil price of 100 U.S. dollars, and many experts believe that an increase in the price of oil up to 100 U.S. dollars per barrel will not create problems for the market, said the report. Khatibi added that dollar depreciation is one of the main reasons behind the recent fluctuations in crude prices. On Friday, crude prices plunged on demand concerns, but before Friday's plunge, crude prices had risen more than 7 percent this month and hit a two-year high this week. Light, sweet crude for December delivery dropped 2.93 U.S. dollars, or 3.3 percent, to settle at 84.88 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude fell 2.47 dollars to settle at 86.34 dollars a barrel on the ICE Futures.
Source: Source: Xinhua
Share This Article With Planet Earth
Related Links - Powering The World in the 21st Century at Energy-Daily.com
China funeral parlour stops cremations amid diesel shortageBeijing (AFP) Nov 20, 2010 A nationwide shortage of diesel forced a Chinese funeral parlour to suspend cremations last week after it ran out of the fuel needed for three furnaces, state media reported. Longxing Funeral Parlour in the southwestern mega-city of Chongqing stopped cremating bodies last Sunday after using up the last of its diesel reserves, the Chongqing Evening News reported this week. Funeral parlou ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
