Goldman Sachs Predicts Strong Oil Exploration this 2013

Banking giant Goldman Sachs said that this year will be another great year of growth in the activities of the oil exploration industry. According to a recent note of industry analyst Michael Rae, the appetite for oil exploration among petroleum giants has been strong since 2009, when the crude prices per barrel have started to consistently increase. The analyst said that this has led to a rise...
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China GDP, Iranian embargos propel oil investments

Crude oil futures posted strong gains on the Asian commodity index today, with West Texas Intermediate figures posting above the resistant $100 per barrel mark, as China’s Gross Domestic Product numbers proved considerably better than expected. The reports out of the emerging nation bolstered the overall projections for the path global economy could take in 2012 and gave oil investment...
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