Iran Considers a $100 to $120 Oil Price Logical

Iran thinks that an oil price within the range of $100 to $120 is logical.

ConocoPhillips Halts Oil Drilling Plans in Arctic Ocean

ConocoPhillips recently makes an announcement that it will stop its 2014 drilling and exploration program in the Arctic Sea.

Saudi Invests in Strengthening Oil Refinery in the U.S.

Saudi Aramco’s oil refinery expansion in the US is clearly a marketing strategy, but analysts note that its politically motivated as well.

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