This summer, an oil pipeline from Azerbaijan to Turkey is said to open.
This is why Alhajji doubts that any efforts by the Saudis or like-minded OPEC nations will be able to forestall a shortage of oil this summer.
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The black box investment strategy over at ClearStream has been as volatile as the markets, with the investment model moving quickly in and out of the big emerging market ETFs, gold and oil all summer.
So the Unger Report releases its eight-point plan for cutting back on oil consumption this summer.
But Trichet still pointed out that the ECB raised interest rates in the summer of 2008, when oil prices were squeezing consumption levels compared to GDP.
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During the summer disaster of the BP oil spill in the Gulf of Mexico, Tony Hayward and the folks at BP forgot to care about people and seemed to devote themselves to worshipping at the altar of profit.
This chart from the Moore Research Center, Inc does indicate a low for crude oil prices during the summer months.
Moreover, the price of oil usually falls in the autumn, after the summer surge in petrol consumption has abated but before winter brings higher demand for heating oil.
If recent U.S. Department of Energy estimates pan out, in late summer the world will be demanding more oil than the industry is able to produce--pushing prices yet higher.
The world spent the summer worrying about terrorism and paying higher oil prices while watching the politics of the U.S. But economies were going up and down in newsworthy ways.
The last time oil spiked upward, into the summer of 2008, no such rebellions or revolutions existed.
The summer months have historically been weak periods for oil demand in China but Deutsche Bank estimates growth rates will recover during the fourth quarter.
All of this is supportive for gold prices, and it may prompt people to buy the yellow metal as an inflation hedge as worries that the current high oil prices will last into the summer, said Bart Melek, vice president and director, head of commodity strategy, rates and foreign exchange research and TD Securities.
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Commodity prices, other than oil, have barely budged from last summer's catastrophic lows.
Pay growth has so far remained subdued and commodity price pressures have eased, with oil prices down substantially from their mid-summer peak.
The Venezuelan oil-giant PDVSA was mildly sanctioned last summer.
However, the underlying fundamentals of the U.S. economy have undoubtedly strengthened considerably over the last year, interest rates remains extremely low, and crude oil prices are falling just in time for summer (a break for consumers budgets).
The oil exploration and production firm is to wait until summer 2014 before re-starting its controversial drilling efforts in Greenland waters.
The Edinburgh-based oil exploration and production firm is to wait until summer 2014 before re-starting its controversial drilling efforts in Greenland waters.
Be like the Fed telling you to buy oil stocks or crude oil futures due to expectation higher gasoline prices this summer.
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When it comes to the Obamas planning their summer, is there any discussion now in light of the oil spill to them perhaps vacationing on a Gulf beach?
In the summer of 2005 CNOOC, China's state-controlled oil company, withdrew a bid for Unocal, a California-based oil company after uproar from politicians of all stripes over the damage it might do to America's national security.
He first took a position in the oil refining company in January 2012, and by the summer he owned 82% of its shares and had replaced its board.
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Another factor has been the discovery of oil in the Kazakh sector of the Caspian Sea last summer, where the Offshore Kazakhstan International Operating Company has been drilling.
On paper oil does look higher, despite its recent tumble from the summer's peaks.
The United States Oil and iPath products, the only ones around since last summer, are down from then because of the contango and because crude prices today are lower than in mid-2006.
This summer, they fear, the tide also will bring in more of the oil sitting in the Gulf.
Crude oil inventories always rise this time of year (in anticipation of summer gasoline demand) and the rise in inventory this year has been well within historic norms.
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So we will continue to press BP and draw on our best minds and resources to capture the rest of the oil until the company finishes drilling a relief well later in the summer that is expected to stop the leak completely.
But now the impact on exports of higher oil prices, coupled with a sharp rise in the yen since last summer a consequence largely of financial-market volatility throws that profitability into question.
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