Crude oil prices might drop - OPEC Chief said

Anuradha Agarwal a year ago Region: Algeria

OPEC chief said that crude oil prices might drop to 70 dollars if dollars strengthen and concerns over Iran are reduced. The OPEC chief Chakib Khalil said on a sideline of a conference that there are two conditions for d... more

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Alternative Fuel Sources and New Inventions Needed

Nomadicasian a year ago Region: Philippines

In one of his State of the Nation (or is it Union?) Addresses, President George W. Bush, the Texan-in-boots mentioned in his speech the word “addiction to oil” which, according to him would be given importance ... more

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Be An Insider on the Big Oil Game

David Brant a year ago Region: Wisconsin

In the news for this week of April 10th, 2008 is the fact that the OPEC cartel oil ministers refused requests by the Bush Administration and European diplomats that the 13 nationalized companies that control 40% of the glo... more

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OPEC

Laura Bell 2 years ago Region: California

      OPEC and High Gas prices        OPEC and prices at the gas pump are hitting the headlines again. This should not surprise savvy news readers.  Prices at the pump st... more

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Crude Price Halves in Just 3 Months to $72 per Barrel:Future Outlook

Santosh Kumar Agarwal a year ago Region: India

In a sort of magical somersault, the crude price came down to about $72 per barrel, a 13 months low, on Wednesday, the 15th October’08 on world markets amid fear of recession in world economies led by considerable do... more

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Oil dips increasing worries over global world economy

Daizy K 8 months ago Region: Singapore

prices of oil dipped on Tuesday march 17 2009 in asia as weighed opec's decision to maintain production levels amid concern over global financial problems more

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China Rate Cut Triggers Oil Hike

ARC IDEA CO 11 months ago Region: China

The Chinese Government had on Wednesday, 26 November 2008 cut its interest rate by 1.08 percent. This amount of rate cut is not seen in 11 years. This action would believed to be a positive news that will spur borrowing an... more

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OPEC decides to curb overall output; prices rise

Suranjana Ghosh a year ago Region: United Arab Emirates

OPEC oil ministers agreed Wednesday to trim overall output by more than 500,000 barrels a day in a compromise meant to avoid new turmoil in crude markets while seeking to bolster falling prices. The news sparked a rebou... more

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Windfall Profits Tax Roadblocked By Senate GOP

Can Tran a year ago Region: United States

Recently, a bill by the Senate Democrats was blocked by Senate Republicans. It had failed to the necessary 60 votes for it to pass. The vote was 51 to 43. If the bill had passed, a twenty-five percent supplemental tax on w... more

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WORLD OIL PRICE IS TOO HIGH, SUSPECTED....

Master_2010 a year ago Region: Indonesia

  Todays newspaper(6/06) said that the oil price was reached +/- USD 134/barrel after decreasing to USD 120’s the day before. George Soros warned that after the US property collapse, the next might be oil price... more

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