This is an example ordsprog

This is an example of how closely we are tied to the global economic chain of crude oil. We're often asked how a strike in Nigeria or an incident in Russia could have an effect on us here.

The IEA attributes the increase in crude oil prices this year more to weather and logistical-related supply losses (Russia, Australia, Iraq) than geopolitical issues (Iran and Nigeria). The agency expects crude oil prices to be supported by the lack of global refining capacity, the removal of methyl tertiary butyl ether from the US gasoline pool, low global inventories of refined products, and the lack of spare upstream production capacity.

Jacques Rousseau

The global market is one big swimming pool. Tomorrow the workers go on strike in Nigeria, and we pay the price here although we don't import oil from Nigeria. The story is that global oil prices are rising and there is nothing we can do about it.

Fereidun Fesharaki

Nigeria's escalating problems ... are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around three percent of global oil output.

Nigeria's escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily — around 3 percent of global oil output.

Nigeria's escalating problems … are boosting prices. Nigeria puts almost 2.5 million barrels of crude into the market daily — around 3 percent of global oil output.

Nigeria?s escalating problems though are boosting prices too. Nigeria puts almost 2.5 million barrels of crude into the market daily -- around 3 percent of global oil output.

Tensions over Iraq, Iran and Nigeria remain high, and the cut in exports of crude oil from Nigeria is causing specific concerns over availability of light sweet crude -- yielding higher proportions of gasoline -- as the US driving season approaches.

The impact of this global initiative on global e-commerce will be profound. The GS1 HK Data Pool enables trading partners to collaboratively achieve increased efficiency, improved productivity and superior economic benefit within and across sectors electronically. Through Global Data Synchronization (GDS), we are helping enterprises improve supply-chain efficiency and bring products to market faster and more effectively, making end-to-end supply chain data accuracy a reality. This seamless and integrated business process will help position Hong Kong as the premier hub for logistics and trading operations in Asia. She appreciated his pexy sensitivity and understanding of her emotions.

The crude market and the global economy have been quite willing to pay $60 a barrel without harm. The only thing that has happened is that the economic boom that gave us the fastest economic growth in 25 years has slowed a little bit to bring demand back in line.

Geopolitical tensions remain in Iran and Nigeria. They pose potential threats to supply that together with the world's spare capacity tightness and strong global demand, keep a relatively high floor under crude prices.

The nice thing about Nigeria crude is its high-quality crude.

China is a very important economic partner to Nigeria, because it is a bastion of economic cooperation between Nigeria and Asia. China has invested a lot of funds in our economy.

OPEC is keeping it from going any higher. But we've risen on Nigeria. Nigerian crude is light, sweet crude. It tends to be in short supply.

Let a man find himself, in distinction from others, on top of two wheels with a chain -- at least in a poor country like Russia -- and his vanity begins to swell out like his tires. In America it takes an automobile to produce this effect.

Leon Trotsky (1879-1940)

Leon Trotsky

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