Word: bbl
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...such a compact will probably begin with Nixon's inviting representatives of oil consumers to one or more conferences; later, producer officials would be asked to join. Diplomats offer only illustrative figures, but one indicates that the consumers might offer to pay $10, $12 or even $14 per bbl. for perhaps 15 or 20 years...
...price escalation. Producers round the world last week joined in the gargantuan increases started by the Persian Gulf nations. Nigeria and Venezuela, which supply 10% of U.S. oil imports, raised posted prices (a theoretical base figure for taxes that influences the actual selling price) to more than $14 per bbl., topping the Persian Gulf price of $11.65. Libya more than doubled its posted price to a hair-raising $18.76. Indonesia, supplier of 6% to 7% of the oil that the U.S. imports, lifted its actual selling price from $6 per bbl...
Even Canada, the U.S.'s prime supplier, announced an increase in its export tax, raising the price to American buyers from $6.20 per bbl...
...November. Yet records at Marbrok Marine Brokers in Freeport show that between Nov. 1 and Nov. 29, no fewer than 13 tankers out of the Libyan port of Ras Lanuf discharged crude at Borco. As recently as Dec. 8, the tanker Heythrop out of Ras Lanuf unloaded 513,135 bbl. of crude at the Borco refinery, according to Robert Bunford, executive vice president of E.H. Mundy & Co. Ltd., another Freeport marine broker, which arranged the transaction. No one will talk about whether additional Libyan shipments have come in since then...
...below demand. Now Alan Greenspan, a member of TIME'S Board of Economists, estimates that the region's fuel supplies for the first quarter of 1974 will be short only about 3%. He adds that the whole U.S. seems to be getting "half a million bbl. a day more than we should be getting if the [Arab] embargo were effective...