Word: bbl
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Dates: during 2000-2009
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...Crude oil is the most volatile commodity of the year. After dropping to $30 per bbl., it rises...
...says Seif of his father's new Western-friendly stance, "the right initiative." Since then investors and executives of all stripes have poured into Libya - especially oil executives. Oil accounts for more than 90% of Libya's revenues. At a time when world oil prices are over $40 per bbl., analysts estimate that Libya's known oil reserves hold 30 billion bbl. - more than $1 trillion worth - enough to keep the pumps turning in Libya for decades. What's more, only about 25% of the country has yet been explored. Some 120 companies have joined Libya's first open bidding...
...rhetoric, confident that no U.S. allies have the stomach for a new military venture. The mullahs seem sure that Bush doesn't either, despite his "axis of evil" talk. They know U.S. forces are stretched tight and oil prices, important to the U.S. economy, are up to $50 per bbl. In any case, Tehran officials say, Iran's substantial trade ties with Russia and China probably ensure a Security Council veto if the U.S. pursues U.N. sanctions...
...those vouchers were businesspeople from France, Russia and China, including a former French Interior Minister and members of the Russian parliament. The most serious charge is that Benon Sevan, the U.N. administrator from Cyprus who managed the $64 billion oil-for-food program, illegally received more than 7 million bbl. of oil, although Sevan has denied doing so. Investigators accuse Banque Nationale de Paris, where the U.N. held the money for the oil-for-food program, of failing to monitor how the oil revenue was spent--a charge the company denies...
...also run into the difficulties foreign companies typically face in Russia. The company's first foray into the Russian market, in 1997, ended badly after Sidanco, a firm in which it took a 10% stake, went bankrupt. At the time, oil was near $10 per bbl., the Russian economy was sliding into crisis, and BP found its stake wasn't big enough to influence Sidanco's management. BP also ended up at loggerheads with other Russian shareholders at Sidanco, members of the private Alfa investment group headed by billionaire Mikhail Fridman. But Sidanco got back on its feet, and despite...