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OPEC Appears Unlikely to Increase Its Oil Export Quotas
Fifteen months ago, key members of the Organization of the Petroleum Exporting Countries said that the steep price of oil, about $70 a barrel, was a concern because it might endanger global economic growth -- and stifle global demand for oil.Read more : Washingtonpost Oil and Gas Prices: 08.09.2007 11:00:00
Oil Prices Briefly Move Past $80
Crude oil prices hit a record yesterday, briefly topping $80 a barrel as the Energy Department reported an unexpectedly sharp drop in US inventories, a hurricane warning closed the Houston Ship Channel and oil traders discounted the significance of OPEC's announced plan to slightly raise its ou...Read more : Washingtonpost Oil and Gas Prices: 13.09.2007 11:00:00
Energy Bedfellows
President Bush has denounced our addiction to oil. His foreign policy has been guided by advisers -- Dick Cheney, Donald Rumsfeld, Paul Wolfowitz -- whose worldviews were formed during the 1970s, when the OPEC oil cartel emerged as a threat to US interests. But OPEC now appears more menacing th...Read more : Washingtonpost Oil and Gas Prices: 17.09.2007 11:00:00
Oil's Charge to $100 a Barrel Slows Ahead of OPEC Summit
RIYADH, Saudi Arabia, Nov. 13 -- Oil prices slid Tuesday after Saudi Oil Minister Ali Nuaimi tried to slow rising oil markets by telling reporters here that "the fundamentals do not support the current price."Read more : Washingtonpost Oil and Gas Prices: 14.11.2007 12:00:00
Uncertainty Hovers Over OPEC Summit
RIYADH, Saudi Arabia -- In September 1960, after the mighty Standard Oil of New Jersey dictated a cut in the price it was willing to pay for Middle Eastern oil, an angry group of leaders from the region and Venezuela got together and founded the Organization of the Petroleum Exporting Countries.Read more : Washingtonpost Oil and Gas Prices: 16.11.2007 12:00:00
OPEC to Put $750 Million Toward Climate Research
RIYADH, Saudi Arabia, Nov. 18 -- With crude oil prices at $100 a barrel and much of the world clamoring for relief, the Organization of the Petroleum Exporting Countries ended a two-day summit Sunday by pledging $750 million for research into climate change technology but without making any...Read more : Washingtonpost Oil and Gas Prices: 19.11.2007 12:00:00
Will OPEC Dump the Dollar?
The fall of the US dollar-and the domestic unhappiness this creates-is causing oil-producing nations to reassess links to the greenbackRead more : BusinessWeek Online Europe: 20.11.2007 23:33:00
Oil prices tank nearly $4
Oil prices fell nearly $4 Wednesday, adding to steep losses Tuesday, on a healthier-than-expected US inventory report and speculation OPEC will boost production.Read more : CNN Money Markets: 29.11.2007 04:18:00
Crude oil falls below $89 as traders eye OPEC meeting
Crude oil prices dipped to their lowest levels in more than a month Friday, falling below $89 a barrel as investors sold amid ...Read more : USATODAY Money Top Stories: 01.12.2007 03:27:00
Oil Prices Fall Ahead of OPEC Meeting
NEW YORK (AP) -- Crude oil prices dipped to their lowest levels in more than a month Friday, falling below $89 a barrel as investors sold amid signs of weakening demand and expectations that OPEC will boost production next week....Read more : Associated Press Business News: 01.12.2007 04:06:00