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there is a glut of oil on the market

См. также в других словарях:

  • Oil depletion — per major producing country. This model assumes world oil depletion remains constant at the 2004 level of 80 million barrels per day.[1] However, world oil depletion is currently (as of 2008) at 85 million barrels per day …   Wikipedia

  • Oil well — The pumpjack, such as this one located south of Midland, Texas, is a common sight in West Texas. An oil well is a general term for any boring through the earth s surface that is designed to find and acquire petroleum oil hydrocarbons. Usually… …   Wikipedia

  • Oil sands — The Athabasca oil sands in Alberta, Canada, are a very large source of bitumen, which can be upgraded to synthetic crude oil. Bituminous sands, colloquially known as oil sands or tar sands, are a type of unconventional petroleum deposit. The… …   Wikipedia

  • Oil reserves in Russia — There are several different estimates of proven oil reserves in Russia. Most estimates include only Western Siberian reserves, exploited since the 1970s and supplying two thirds of Russian oil, and not potentially huge reserves elsewhere. In 2005 …   Wikipedia

  • 1980s oil glut — The 1980s oil glut was a surplus of crude oil caused by falling demand following the 1973 and 1979 energy crises. The world price of oil, which had peaked in 1979 at over US$35 per barrel, collapsed in 1986 from $27 to below $10. [cite news title …   Wikipedia

  • market — n. store, shop 1) a fish; food market; hypermarket (BE); meat; open air market; supermarket 2) at a market (to shop at the market) place where trade is conducted 3) a stock market 4) a flea; open; overseas; spot market 5) on a market (to buy oil… …   Combinatory dictionary

  • glut — [[t]glʌ̱t[/t]] gluts, glutting, glutted 1) N COUNT: usu sing, usu with supp If there is a glut of something, there is so much of it that it cannot all be sold or used. There s a glut of agricultural products in Western Europe. ...a world oil glut …   English dictionary

  • 1973 oil crisis — Further information: 1973 world oil market chronology 1973 Oil Crisis Other names Arab Oil Embargo The 1973 oil crisis started in October 1973, when the members of Organization of Arab Petroleum Exporting Countries or the OAPEC (consisting of the …   Wikipedia

  • Oil and Natural Gas Corporation — Limited Type State owned enterprise Public Traded as NSE:  …   Wikipedia

  • History of the Caribbean — The history of the Caribbean reveals the significant role the region played in the colonial struggles of the European powers since the fifteenth century. In the twentieth century the Caribbean was again important during World War II, in the… …   Wikipedia

  • Nationalization of oil supplies — The nationalization of oil supplies refers to the process of deprivatization of oil production operations, generally in the purpose of obtaining more revenue from oil for oil producing countries. This process, which should not be confused with… …   Wikipedia

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