Stories tagged with "olive oil"

World events roundup

Posted by Yankee on March 8, 2006 - 6:41pm
Topic: Miscellaneous
Tags: exxonmobil, haradh, nigeria, oil, oil prices, olive oil, saudi arabia, smelting, venezuela [list all tags]

So, what's going on out there? Let's see.
  • Oil prices are falling again, and the US just reported a big jump in stocks of crude. Why? It appears that refineries are in maintenance season. This doesn't seem to be affecting the price at the pumps, though. Hmmm. Is demand down these days? Not all news is rosy, though. This article also reports: "Iran made a statement to the International Atomic Energy Agency earlier Wednesday in which it threatened the United States with 'harm and pain.'"

  • In Nigeria, the head of the military has been removed from his post on suspicion that he's involved with theft of crude oil. You may be wondering what happens to that oil: "The crude oil is siphoned from pipelines and wellheads in the mangrove-lined creeks of the delta, loaded on to ocean-going tankers and exported to refineries." What I want to know is, who's buying it?
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