Home Posts Tagged "OPEC"

OPEC

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From a $128 per barrel in March, a breath taking four year high hit in the crude oil prices, the NYMEX Crude oil prices today lingers a little below $100 a barrel. While the other oil producers in the Middle East are worried at such a steep decrease and Iraq is probably suggesting a control in the oil output to sky rocket the oil prices again, Saudi Arabia, a key contributor among OPEC, is all happy about it.

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In a move aimed at halting illegal mining as well as boosting the country’s gold reserves, Venezuelan President Hugo Chavez has announced plans of …

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The International Energy Agency (IEA) announced on Thursday, the release of 60 million barrels of oil from global reserves. Primarily being touted as a …

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An organization known for the high value they place on consensual decision-making, OPEC admitted after the cartel’s meeting that they had left output levels …

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The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face significant pressure towards increasing output, in …

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The Crude Oil producers’ Cartel OPEC,, is expecting a record US$1,000B (aka US$1T) in export revenue, a historic landmark for the cartel, if Crude …

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