also announced a major reduction in its workforce.Ģ6- Last month, imported petroleum prices rose 0.8 percent after jumping 5.2 percent in February.Ģ7- These things have helped the company realize outsize margins on its retail petroleum products.Ģ8- A worker unloads a cylinder of liquefied petroleum gas from a truck on Jin Taipei.Ģ9- Facts: The U.S. 4- petroleum accounts for nearly half the world’s energy supply.ĥ- OPEC was formed in 1960 to control petroleum prices worldwide.Ħ- The present world owes its convenient life to petroleum.ħ- secokitUruguay has neither coal nor petroleum in appreciable quantities.Ĩ- Algeria needs to diversify its petroleum-based economy in order to prosper.ĩ- The ecologist warned us that petroleum was not merely a blessing but also a curse.ġ0- In Bahrain, petroleum production and refining account for about 60% of export receipts.ġ1- Oman’s economy is based on petroleum, which accounts for 99 percent of export revenues.ġ2- The promise of wealth from Azerbaijan’s undeveloped petroleum resources remains largely unfulfilled due to widespread corruption in the country.ġ3- Economic activity in the area of the Arctic Ocean is limited to the exploitation of natural resources, including petroleum, natural gas, fish, and seals.ġ4- Another oil stock for investors to consider is Occidental petroleum (OXY).ġ5- Penn West petroleum Ltd.
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