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Latest OPEC & Oil Price News

  • Oil Extends Recovery From 7-Week Low, Above $126 25 Jul 2008 09:40 GMT
    ... Oil Edges Above $126, Stabilizing After Drop By Reuters | 25 Jul 2008 | 04:55 AM ET OIL, OIL PRICES, ENERGY, CRUDE, INVENTORIES, GASOLINE, ENERGY PRICES, EIA, ... ENERGY, CRUDE, INVENTORIES, GASOLINE, ENERGY PRICES, EIA, OPEC, DEMAND, IRAN, HURRICANE, DOLLY Oil prices rose slightly ...

  • A reprieve from soaring oil prices 25 Jul 2008 07:36 GMT
    ... A pullback in oil prices is giving investors a taste of what might come if the commodity's 18-month bull ...

  • Calm in Middle East reason for fall in oil prices: experts 25 Jul 2008 07:36 GMT
    ... Dubai, July 24 (IANS) The stability in the general political and security situation being witnessed in ... the reason behind the relative fall in oil prices in recent days, according to experts in ... Thursday. The Organization of Petroleum Exporting Countries (OPEC) prices also eased from around $140 a barrel ...

  • Chavez says $100 per barrel a fair price for oil 25 Jul 2008 07:33 GMT
    ... Chavez says $100 per barrel a fair price for oil | 25 Jul 2008 | 02:15 AM ET ... fair price for oil and that his OPEC member nation is not seeking a higher price ... added Chavez, who warned 10 days ago oil prices could hit $300 per barrel if U.S. ...

  • Always bashing Bush 25 Jul 2008 07:29 GMT
    ... Leave it to the New York Times to take some positive energy news and turn it into a ... New York Times has insisted incessantly that oil prices are driven politically rather than economically. The ... the prices are driven high because of OPEC has conspired to produce too little petroleum, which deliberately ...

  • 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. ... in the grocery store. , record crude oil price is the single most important factor behind ... industrialized energy consumers, without biofuels, demand for OPEC oil would increase by a million barrels ...

  • Both Parties Seek Measures For Fuel Cost Relief 25 Jul 2008 06:55 GMT
    ... With gasoline and home heating oil prices hitting records, cash-strapped consumers could get a ... or the Democrats who control Congress or OPEC or Iran or Iraq or anyone else when we ...

  • Oil Rises Above $126, Extends Recovery From 7-Week Low 25 Jul 2008 06:32 GMT
    ... Oil Rises Above $126, Extends Recovery From 7-Week Low By Reuters | 25 Jul 2008 | 01:15 AM ET OIL, OIL PRICES, ENERGY, CRUDE, INVENTORIES, GASOLINE, ENERGY PRICES, EIA, ... ENERGY, CRUDE, INVENTORIES, GASOLINE, ENERGY PRICES, EIA, OPEC, DEMAND, IRAN, HURRICANE, DOLLY Oil rose above $126 ...

  • Oil in non-OPEC countries set to peak 25 Jul 2008 06:30 GMT
    ... Commodity Online LONDON: Is oil production in non-OPEC countries set to peak within the next two ... so fast and because of subsidies, high oil prices will not have a major impact on ...

  • Oil Hovers Over $125 After Bouncing From 7-Week Low 25 Jul 2008 05:48 GMT
    ... Oil Rises Above $126, Extends Recovery From 7-Week Low By Reuters | 25 Jul 2008 | 01:15 AM ET OIL, OIL PRICES, ENERGY, CRUDE, INVENTORIES, GASOLINE, ENERGY PRICES, EIA, ... ENERGY, CRUDE, INVENTORIES, GASOLINE, ENERGY PRICES, EIA, OPEC, DEMAND, IRAN, HURRICANE, DOLLY Oil rose above $126 ...

  • Exports will decline, but so will crude prices, says Export Development Canada forecast 25 Jul 2008 05:06 GMT
    ... OTTAWA, Ont. -- Export Development Canada (EDC) is predicting more turbulent times ahead for Canadian ... moderate as the global slowdown spreads and oil price subsidies in emerging markets are scaled back. ... Administration is already forecasting a doubling of OPEC surplus capacity, to four million barrels per ...

  • Is Guinness the answer? 25 Jul 2008 05:00 GMT
    ... Guinness beer was originally brewed in Dublin in 1759. For those not exposed to its creamy ... column. Traveling around Europe and following the oil prices and other news, as I am compelled ... one of the most recent entrants to OPEC. They’ve become fairly progressive, joining the backlash against ...

  • Dubai: More Bubble or More Boom? Time Will Quickly Tell 25 Jul 2008 04:49 GMT
    ... The potential for that to come to pass is there, given the growing levels of investment that China ... over the Dubai economy is that of oil prices, should $130 - $140 per barrel oil ... down to a more reasonable level. Assuming OPEC doesn’t intercede and act to keep prices high, ...

  • Airlines Urge Oil Reserve Release 25 Jul 2008 04:48 GMT
    ... The Air Transport Association of America is pulling out all ... again may not be necessary if the oil prices continue to drop. As of July 23, ...

  • Agency forecasts slump in exports 25 Jul 2008 04:39 GMT
    ... Oil prices are expected to fall as quickly as ... Administration is already forecasting a doubling of OPEC surplus capacity ... and non-OPEC supply gains.” As ...


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