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OPEC Cuts Oil Production Amid falling Oil Prices
OPEC has agreed to cut production due to rapidly falling oil prices. Airlines and other Oil dependent companies rushed to buy call options to lock in the current prices. A call option means buyers can... 252 views | 18 recommendations | 11 comments
The case for selling asbestos: Canada major exporter
Barry Artiste Op/Ed The case for exporting Cancer in Mineral form is Politics, plain and simple. Asbestos, Quebec is a small town, with a small population, but a big Liberal stronghold in the region by those... 952 views | 27 recommendations | 7 comments
Palin backs sending U.S. natural gas overseas
Sarah Palin tells campaign audiences the United States needs to become energy independent, produce what we use and use what we produce."But the Alaska governor and GOP vice presidential candidate has pushed the... Legal bid to halt a $2-3bn Egypt-Israel gas export deal
A Egypt-Israel $2-3bn gas export deal has been challenged by the Egyptian ex director of international treaties,Ibrahim Yossri, on the grounds that it is illegal and costly. Egypt -the sixth largest exporter... RI to quit OPEC amid world oil price hikes
"While polemics were going on on its plan to increase domestic fuel oil prices prompted by world crude price hikes, the Indonesian government came up this week with an idea to quit the Organization of Petroleum Exporting Countries (OPEC).The idea is plausible. Indonesia is no... OPEC-style rice cartel up
This exemplifies greatly how food can be used as a political tool."The countries of Burma (Myanmar), Cambodia, Laos, Thailand and Vietnam have agreed in principle to form a rice price-fixing cartel...
created by jayr_patron | 3 years ago | updated 3 years ago
392 views | 20 recommendations | 4 comments
392 views | 20 recommendations | 4 comments
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...OPEC could ditch dollars for euros: chief
London (ANTARA News) - OPEC could switch the pricing of oil from dollars into euros within a decade, secretary general Abdullah al-Badri was quoted by AFP as telling a weekly magazine.The Organization of the Petroleum Exporting Countries could adopt the euro to combat the...OPEC crude price continues to drop
Vienna (ANTARA News) - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) dropped by 1.37 dollars, continuing a downward trend, officials said WednesdayOne barrel (159 litres) of OPEC crude stood at 83.84 dollars on Tuesday,...OPEC under pressure to act in face of 100-dollar oil: analysts
""It (the 100-dollar record) will be a psychological trigger for consumer countries," said global head of commodities at investment bank Societe Generale Frederic Lasserre."We will see governments putting pressure on OPEC, saying 'we need you to do something for us'. In the... Greed Stampede
Normally, I am never at a loss for words on any topic, this time News Columnist Eric Margolis takes the words right out of my mouth."Western nations have been rightly scourging China for flooding world markets...
created by Barry ORegan | 4 years ago | updated 4 years ago
517 views | 20 recommendations | 2 comments
517 views | 20 recommendations | 2 comments
Oil prices breach 99 dollars
Singapore (ANTARA News) - Oil prices rose above 99 US dollars per barrel in Asian trade on Wednesday, within striking distance of the 100-dollar level as the greenback slumped further, dealers said. Concerns over tight global supplies was also helping push prices up, they...Dollar at increased risk of losing status as a reserve currency
"Venezuela's Communist leader Hugo Chavez and Iran's Mahmoud Ahmadinejad, speaking at the Organization of Petroleum Exporting Countries (OPEC) summit in Riyadh, said they no longer want be paid in U.S. dollars for their petroleum, but in euros.The outspoken US political...Oil prices higher in Asian trade on concern over tight supplies
Singapore (ANTARA News) - Oil prices were higher in Asia on Monday as traders again fretted over tight energy supplies with the northern hemisphere winter approaching. Indications that the Organization of Petroleum Exporting Countries is not about to raise output were also...Third OPEC summit winds up
"The 3rd Summit of the Organization of Petroleum Exporting Countries (OPEC) was concluded on Sunday afternoon with the issuance of a declaration on "Challenge of Globalization and Dynamic Global Energy Market...NowPublic on Facebook
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