Global Oil Market Review Q409

June 2010
United Kingdom Oil & Gas Report;Q2 2010, p14
Industry Profile
The article focuses on the global oil market for the fourth quarter of 2009. It mentions that Organisation of Petroleum-Exporting Countries (OPEC) crude price has climbed above 77 U.S. dollars/barrel at the beginning of December and dropped barely to 71 U.S. dollars/barrel in the week before Christmas. It notes that the decline on the prices with 35% year-on-year was a pretty benign outcome in the circumstances, with 78% oil increase between January's monthly average and that of December 2009.


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