Friday, March 11, 2022

Price of P

 The price of crude oil took a bit of a dive March 9, 2022. See below.

The market remains volatile, but prices at the pump might continue

going up but at a lesser pace as Saudi Arabia seems willing to consider

upping its output from its unused capacity.


Pétrole : le Brent clôture en forte baisse de 13%, à 111,14 dollars (lefigaro.fr)


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From todays's news, Dr Samsuni Barkido, current head of OPEC:


KBD means kilo-barrels per day

In the oil industry, an oil barrel is defined as 42 US gallons, which is about 159 litres, or 35 imperial gallons.

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