The U.S. Energy Department said the nation's supply of oil rose last week by 3 million barrels to 397.6 million barrels, the highest level since the government started collecting the data in 1978.
Look at the chart for 1973-79 when the price of oil quadrupled and you will see that oil as a share of gdp rose to 9.5% from 6%.
Agriculture remains a bigger part of the mix here than in most provincial Bulgarian towns because Kazanlak, and its surrounding plain of the same name, is the centre of a major industry in rose oil extract, feeding the needs of perfumiers from around the world.
Even excluding oil, prices of imported goods rose by 8.3% in the year to the second quarter of 2008, the highest rate of increase since 1993.
The price of YPF bonds briefly rose with the announcement of the oil firm's nationalisation in April by Argentina's government, because of a clause demanding advanced payment in the case of an expropriation, before falling back as investors worried Argentina wouldn't much care.
Underlying production of oil and gas, excluding the impact of asset sales, rose 2% in the quarter compared with the same period a year ago.
Crude oil futures rose following news that members of the Organization of the Petroleum Exporting Countries are discussing holding a special meeting to address the recent steep decline in oil prices.
On Wednesday, the airline sector fell hard as oil prices rose, although though shares of Midwest Air Group kicked up 5.3% on word of a higher bid for the company from AirTran Holdings.
Last year Saudi petrocrats thought demand would slacken at the same time that oil production rose from sources outside the Organization of Petroleum Exporting Nations.
Over that same timeframe the price of oil in West German marks and Japanese yen rose 1% and 7% percent respectively.
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He rose to the top of the oil industry - ending up as treasurer of Enterprise Oil - and gave up a six-figure salary to train as a priest.
The value of natural gas imports rose nearly 10 percent in February from a year earlier, while imports of crude oil jumped 20 percent, the ministry said.
Meanwhile, oil prices rose and Yukos, which was pumping 2% of global output, saw its shares rocket.
However, Transocean Vice President Adrian Rose has said its oil rig had no indication of problems before the explosion.
Norway's oil fund, one of the biggest investors in the world, rose in value by 13.4% last year, its second-best performance ever.
Crude-oil-future prices rose about 1% on the news of Greenspan's remarks.
Spending on gasoline and motor oil rose 25% in 2011, mostly because the price of gasoline climbed 26.4%.
Despite widespread claims of a demand slowdown due to high crude prices, Chinese oil demand rose 10.6% year over year in March.
The Democrat says that his Republican rival is in the pocket of oil companies and notes that contributions to Mr McCain from oil executives rose in the days after his turnaround on offshore drilling.
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The prices of basic food items such as bread, milk, vegetables, and cooking oil, which rose 47 percent between 2011 and 2012, continue to climb.
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Mr Hayward rose to become head of exploration and production, a key role in any oil company, and was long identified as Lord Browne's likely successor.
The bank would then make a series of trades in the oil-futures markets designed to cover what it would have to pay American if the price of fuel rose.
America's headline rate of consumer-price inflation rose to 2.0% in October, largely as a result of dearer oil and a jump in car prices, which had been heavily discounted the previous month.
In each of the last two years gasoline prices rose sharply at the beginning of the year because tensions in the Middle East raised fears that oil supplies would be disrupted.
Gold and crude oil prices rose this week, supported by concerns that heightened tensions between the West and Iran may get out of hand, although profit taking ahead of the weekend weighed on gold.
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