Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
The rapid rise in global oil prices from 2002 to 2006 gave way to a downturn in late 2006, before beginning to climb again in 2007. During 2002, the average Brent crude price had been around $25/bbl. By 2006, it had risen to around $66/bbl, with instability in key producing regions causing a “fear premium.” Prices peaked in August 2006, with record highs in excess of $78/bbl, particularly after the loss of output from Alaska’s Prudhoe Bay field.
Prices receded toward the end of 2006, as OPEC maintained record production levels, and mild weather allowed oil inventories to build. By January 2007, the monthly average price had dropped to $54/bbl. However, OPEC output cuts, combined with an upsurge in geopolitical worries, have once again caused oil prices to climb. The June 2007 monthly average was around $71/bbl...
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Kuala Lumpur - March 25-28
The Woodlands, TX - April 1-3
Houston, TX - April 6-9
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.