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Archive for 'Oil Price' Category

The Price Of Oil Depends On The Economy

Dec 29th, 2009 by additeerurl | 1

Light Sweet Crude Oil is a sought after type of petroleum because it is used primarily to process gasoline, kerosene and diesel fuel. The price is based on market demand and with a majority of the vehicles currently on the roads using this low level sulfur based oil; it has become a commodity and quite [...]

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Oil Update

Jul 14th, 2009 by admin | 0

Due to the many uses of light sweet crude oil, it is one of the most highly traded commodities. This commodity is used in the making of kerosene, jet fuel, diesel fuel and gasoline. Naturally this places light sweet crude oil in high demand the world over. Light sweet crude oil is traded in large [...]

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Oil adding to Global Recession?

Jun 29th, 2009 by admin | 0

The prices of oil skyrocketing in 2008 added to the global recession. Domestic markets relied heavy on the much lighter and cleaner sweet crude oil. The producers of this kind of oil are the Arab nations of Saudi Arabia and Iraq, along with some other eastern nations such as Indonesia and the small country of [...]

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