Agriculture remains a bigger part of the mix here than in most provincial Bulgarian towns because Kazanlak, and its surrounding plain of the same name, is the centre of a major industry in rose oil extract, feeding the needs of perfumiers from around the world.
Spending on gasoline and motor oil rose 25% in 2011, mostly because the price of gasoline climbed 26.4%.
The U.S. Energy Department said the nation's supply of oil rose last week by 3 million barrels to 397.6 million barrels, the highest level since the government started collecting the data in 1978.
While total crude oil production rose by 1%, Shell said that gas production had fallen 6%.
Oil prices rose Thursday over worries that a wider government ban would result in tighter supplies.
In 2001, Europe's oil production rose to 7.2 barrels per day and has fallen every year since.
Meanwhile, oil prices rose and Yukos, which was pumping 2% of global output, saw its shares rocket.
However, Transocean Vice President Adrian Rose has said its oil rig had no indication of problems before the explosion.
U.S. domestic oil production rose by 760, 000 barrels per day this year the biggest increase since records began being kept in 1859.
Despite widespread claims of a demand slowdown due to high crude prices, Chinese oil demand rose 10.6% year over year in March.
Exxon Mobil, Chevron, and Marathon Oil, rose 1.5%, 1.9%, and 3.5% respectively.
Oil prices rose sharply in late January and gasoline prices soon followed.
As oil prices rose, some countries decided to start unwinding these distortions.
America's Energy Information Administration also released a report on April 24th arguing that although domestic oil stocks rose last week, the trend remains down.
Last year Saudi petrocrats thought demand would slacken at the same time that oil production rose from sources outside the Organization of Petroleum Exporting Nations.
When joblessness rose after the 1970s oil shocks, Europe's governments, pressed by strong trade unions, kept labour markets rigid and tried to cut dole queues by encouraging early retirement.
In the year to May, says Michael Rosenberg, chief currency strategist at Deutsche Bank, import prices to America, excluding oil, rose only 0.9%, even though the trade-weighted dollar fell by 6%.
Crude oil futures rose following news that members of the Organization of the Petroleum Exporting Countries are discussing holding a special meeting to address the recent steep decline in oil prices.
On Wednesday, the airline sector fell hard as oil prices rose, although though shares of Midwest Air Group kicked up 5.3% on word of a higher bid for the company from AirTran Holdings.
Gold and crude oil prices rose this week, supported by concerns that heightened tensions between the West and Iran may get out of hand, although profit taking ahead of the weekend weighed on gold.
FORBES: METALS OUTLOOK: Higher Gold Prices Seen For Next Week As Iran Tensions Lend Support
The Democrat says that his Republican rival is in the pocket of oil companies and notes that contributions to Mr McCain from oil executives rose in the days after his turnaround on offshore drilling.
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Crude oil prices rose following the fire at the massive Paraguana refining complex, which, combined with a halt in Ecuador's exports, and a reported blast at the Aqaba port of Jordan, was enough to give the market the jitters.
The prices of basic food items such as bread, milk, vegetables, and cooking oil, which rose 47 percent between 2011 and 2012, continue to climb.
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Citing the high prices Americans are paying at the pump, Bush said from the White House Rose Garden that allowing offshore oil drilling is "one of the most important steps we can take" to reduce that burden.
In 2011 through Nov. 30, China's oil imports from Iran rose roughly 30% from the year-ago period.
Crude-oil-future prices rose about 1% on the news of Greenspan's remarks.
He rose to the top of the oil industry - ending up as treasurer of Enterprise Oil - and gave up a six-figure salary to train as a priest.
The price of YPF bonds briefly rose with the announcement of the oil firm's nationalisation in April by Argentina's government, because of a clause demanding advanced payment in the case of an expropriation, before falling back as investors worried Argentina wouldn't much care.
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