international magazine
04 / 2009

The barrel and the dollar

At the end of April, world prices for gasoline on the European market crept upwards, growing $140/t in just one month. In recent months the price of crude on the world market rose $40 to over $55/bbl where then hovered. Meanwhile, OPEC believes investments into geological surveys and production will be profitable only at a price of $75/bbl.