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OPEC: Both, demand and supply will soar.
After blaming a weak dollar and speculation over high petrol prices, OPEC stated both demand and supply will soar. However, one wonders whether they will meet at all? " Oil demand and supply will soar: OPEC Cartel blames speculators and weak U.S. dollar for recent price...
Petrobras Oil Finds. Potential Can Be for 70 Billion Barrels.
I have been reporting about humongous oil finds in Brazil, these are the last and most official numbers: Geologists say Brazil's total subsalt potential could be 70 billion barrels or more, but experts agree... Giant Saudi field is key to boosting oil output
Amidst the talk of Crude prices hitting a record level of $150, one of world's biggest oil supplier Saudi Arabia had commissioned a giant field to boost oil supply. " This massive oil field surrounded by the desolate sands of Saudi Arabia's vast eastern desert feels like...Saudi Arabia Increases Oil Production To 9.7 Million Barrels Per Day
"King Abdullah has agreed that his country will increased output to 9.7 million barrels a day as he opened a summit on the soaring international price of crude." Nigeria: Another heavy attack by Militants on oil pipelines
Nigerian militants blew up a key oil supply pipeline operated by Chevron, in the latest attack targeting the country's multi-billion-dollar oil industry, company and military sources said Saturday.The US oil giant... China and Japan 'Agree' to Gas Deal
After an historic diplomatic summit between China and Japan in May, the two countries are reportedly close to making a formal agreement to develop gas fields in the East China Sea that have long been disputed. Although the "known reserves" are a "modest 180 million barrels"...Saudi King: 'We will pump more oil'
" Saudi Arabia will raise oil production to record levels within weeks in an attempt to avert an escalation of social and political unrest around the world. King Abdullah signalled the commitment to the UN... Saudis Run out of $50.00 a Barrel Oil, Find New Reserves of $150.00 A Barrel Oil
OpinionBarry Artiste, Now Public ContributorSeem since President Bush's visit to Saudi Arabia to get the Saudi's to increase oil output failed last month, it seemed because the Saudi's ran out of $50.00 a barrel... President asks oil companies to heed 2008 production target
"The president made the request at a closed-door meeting with representatives of 37 oil and gas companies at the State Secretariat here Wednesday. "The 37 companies were asked to meet their commitment to the production target," Energy and Mineral Resources Minister Purnomo...Oil, G8 decides in Japan for green energy
The ever soaring oil price and protestsfrom Truckers, fishermen force the G8group to make plans for energy efficiencyand green technologies. Nobody tellshowever that half of the cars on our roadsjust will disappear,... The Gas Prices We Deserve
Here's a great column from George Will. "Rising in the Senate on May 13, Chuck Schumer, the New York Democrat, explained: "I rise to discuss rising energy prices." The president was heading to Saudi Arabia to seek an increase in its oil production, and Schumer's gorge was... War for Oil? Who really supplies all Oil to the USA!!
OpinionBarry Artiste, Now Public ContributorCertainly strange why Bush would be asking Saudi Arabia to increase Oil production, when it is a Fact that Canada can, will, does provide the majority of Oil to the tune of... Major British oil pipeline being shut down ahead of possible strike
A pipeline that carries nearly half of Britain's oil is gradually being shut down today ahead of a possible strike over pensions that has already closed a major refinery and started some panic fuel buying.The...Non-fundamental factors main cause of oil price fluctuation, OPEC
"Non-fundamental factors are the main cause of the current fluctuations in the world crude oil price, a governor of the Organization of Petroleum Exporting Countries (OPEC), Maizar Rahman, said.The present downturn in the oil price was caused by a recovery in the US dollar`s... Delta BC: Drug-Connection in Gangland Hit
OpinionBarry Artiste, Now Public ContributorDoes it really come as a surprise that the second victim in last weeks Gangland hit outside a popular downtown eatery was involved in criminal activity? Families and...
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