September 2008
Marketing Week;9/4/2008, Vol. 31 Issue 36, p44
Trade Publication
The article reports on the rapid price hikes of petroleum products worldwide. Over 2007 the price per barrel of oil has doubled, at one point rising to a record high of 140 U.S. dollars in June before falling back a little and then settling at about 121 U.S. dollars. According to some experts, prices could rise to 200 U.S. dollars per barrel in 2009 or so mainly because production is failing to keep pace with a souring global demand.


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