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Posts related to ‘OPEC’

Oil Races Back Toward $65

Posted: July 1, 2010 at 6:04 am

The Gulf oil leak and Hurricane Alex are not moving up crude prices.  In fact, the price of oil is back below $75 .Oil dropped into the $65 range last ...
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Ecuador Threatens Expropriation of Private Oil Operations

Posted: April 19, 2010 at 12:22 pm

Ecuador is a relatively unknown member of OPEC, due mostly to its up and down relationship with the cartel. Ecuador first joined OPEC in 1973, then in 1992 suspended its ...
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Crude Jumps Above $85 As Reaction To American Jobs Figure

Posted: April 5, 2010 at 5:26 am

The BBC reports that crude traded over $85 on the first day after the Easter weekend reaching $85.31 a barrel for light crude. The news service identified the US jobs ...
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OPEC: Oil Consumption Will Rise, Or It Won’t

Posted: March 10, 2010 at 8:40 am

OPEC say that crude consumption will rise this year, but in the fine print of its statement, the cartel undercuts its own prediction. OPEC expects world oil demand to grow 900,000 barrels ...
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Media Digest 9/10/2008

Posted: September 9, 2008 at 3:05 am

According to Reuters, the bailout of Fannie Mae and Freddie Mac (FRE) was greeted with cautious optimism. Reuters says the the Justice Department has hired a litigator to look into ...
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Why OPEC Should Cut The Supply Of Crude

Posted: September 8, 2008 at 5:08 am

T. Boone Pickens is trying to pay off OPEC to cut production. That should raise oil prices and help his campaign to move US energy sources to wind and natural ...
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OPEC Claims It Can Do Nothing About Oil Prices

Posted: May 22, 2008 at 7:01 am

Someone is not telling the truth about oil supply and demand. It appears to be the fellows over at OPEC.According to Bloomberg, Abdullah bin Hamad al-Attiyah, Qatar's oil minister said ...
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