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Latest OPEC & Crude Oil News

  • Opposing view: Ethanol offsets oil prices 25 Jul 2008 07:28 GMT
    ... Our reliance on foreign oil is driving up all consumer prices today, including food. Americans know this. ... everything in the grocery store. , record crude oil price is the single most important factor ... industrialized energy consumers, without biofuels, demand for OPEC oil would increase by a million barrels ...

  • Airlines Urge Oil Reserve Release 25 Jul 2008 04:48 GMT
    ... The Air Transport Association of America is pulling out ... an unannounced release schedule; release light, sweet crude oil first; restore United States commercial inventories to ...

  • Statement Of Sen. Leahy On The Advancing America's Priorities Act 25 Jul 2008 04:40 GMT
    ... S.879, No Oil Producing and Exporting Cartels Act of 2007 -- This bill would make ... or any petroleum product. The actions of OPEC to limit production of oil, natural gas ... petroleum products results in higher prices of crude oil, and thus, gasoline in the United States. ...

  • Agency forecasts slump in exports 25 Jul 2008 04:39 GMT
    ... Oil prices are expected to fall as quickly as they rose, taking Canada’s energy-fuelled exports on a ... The EDC’s most dramatic forecast is that crude oil, which traded as high as US$147 a ... Administration is already forecasting a doubling of OPEC surplus capacity ... and non-OPEC supply gains.” ...

  • SOUTH AFRICA: FUEL PRICE COULD BE CUT BY ABOUT 25 CENTS 25 Jul 2008 03:30 GMT
    ... SOUTH AFRICA: FUEL PRICE COULD BE CUT BY ... had slowed and the high demand for crude oil had dwindled slightly. When the price of ...


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