Demand destruction for oil has been noted in the U.S. and OECD countries, causing Lehman Brothers to revise their demand forecast downwards....
Indonesia is unlikely to hike fuel prices for the rest of 2008, says Purnomo Yusgiantoro, Indonesian minister of energy & mineral resources....
US light, sweet crude hit a new record high above $147 Friday. John Kilduff from MF GLobal has analysis of the commodity's boom.
Posts |
TOPIC : OPEC
10 Jun 2008
The International Energy Agency released its monthly oil report this morning... Read More
9 Jun 2008
High prices mean these, and other key producing countries, don’t need the incremental revenue... Read More
16 May 2008
President George W... Read More
9 Apr 2008
With oil prices topping $112/barrel and some analysts predicting the next stop to be $120, will OPEC finally step in and add crude to the market to tame prices? I doubt it will happen.... Read More
4 Mar 2008
Even with oil at $100, OPEC is set to rebuff calls to raise production outputs in its meeting Wednesday... Read More
News |
TOPIC : OPEC
Source: Reuters
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