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  2. Crude oil prices reach highest since October as energy ... - AOL

    www.aol.com/finance/crude-oil-prices-reach...

    The year-to-date rise in oil prices comes amid rising tensions in the Middle East, drone attacks against Russian refineries, and expectations that OPEC+ will maintain its production cuts at least ...

  3. Oil price surge is the No. 1 threat to the US economy ... - AOL

    www.aol.com/finance/oil-price-surge-no-1...

    Global oil prices are flirting with $92 a barrel amid worries about a wider war in the Middle East. And this has lifted gasoline prices to their highest levels in five months.

  4. Peak oil - Wikipedia

    en.wikipedia.org/wiki/Peak_oil

    Peak oil. A 1956 world oil production distribution, showing historical data and future production, proposed by M. King Hubbert – it had a peak of 12.5 billion barrels per year in about the year 2000. As of 2022, world oil production was about 29.5 billion barrels per year (80.8 M bbl /day), [1] with an oil glut between 2014 and 2018.

  5. Price of oil - Wikipedia

    en.wikipedia.org/wiki/Price_of_oil

    Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...

  6. Predicting the timing of peak oil - Wikipedia

    en.wikipedia.org/wiki/Predicting_the_timing_of...

    2004 U.S. government predictions for oil production other than in OPEC and the former Soviet Union. The July 2007 IEA Medium-Term Oil Market Report projected a 2% non-OPEC liquids supply growth in 2007-2009, reaching 51.0 kbbl/d (8,110 m 3 /d) in 2008, receding thereafter as the slate of verifiable investment projects diminishes. They refer to ...

  7. Oil and gas prices are climbing again as supply risks multiply

    www.aol.com/oil-gas-prices-climbing-again...

    The price of Brent crude, the global oil benchmark, rose more than 4% Friday to trade at nearly $90 a barrel. West Texas Intermediate crude oil futures, the US benchmark, jumped 4.2% to $86 a barrel.

  8. Oil depletion - Wikipedia

    en.wikipedia.org/wiki/Oil_depletion

    Oil depletion is the decline in oil production of a well, oil field, or geographic area. The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve.

  9. Oil Price Fundamental Daily Forecast – Soars after OPEC+ ...

    www.aol.com/news/oil-price-fundamental-daily...

    U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude prices soared to their highest levels since 2019.

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