Peak oil review – May 11

1. Production and Prices

2. Venezuela

3. EU Gas Deal

4. The Message sinks in

5. Briefs

1. Production and Prices

Oil prices closed at a six-month high of $58.63 on Friday, capping a week of steady gains. The price surge continues to be tied to investor hopes that economic growth will resume in the second half of the year. Information suggesting that the rate of economic decline is slowing has added to the