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Oil Price

What is the World prepared to pay for crude oil above 73 mb/d?

Data published by the Energy Information Administration (EIA, International Petroleum Monthly) in January 2010 show that crude oil production for October 2009 just exceeded 73 mb/d, a level reached several times in the last years during the 4th quarter. The increase is a result of US oil production going up (=recovery during a hurricane free [...]