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Opec cuts oil output amid falling prices
OPEC agreed to reduce oil production in an attempt to stop falling prices. As the world economy enters into a recession, oil demand has been dropping in the last week. As OPEC only controls 40% of the global oil...Mexico’s congress passes key energy reform amid protests (updated)
" UPDATES: Mexico’s Congress on Thursday approved changes to the country’s oil sector designed to halt rapidly falling production and ensure Mexico’s oil self-sufficiency in the medium term. The changes,...US-Venezuela: McCain hardens anti-Chávez stance in campaign
" Republican candidate for President of the United States John McCain said that he is "weary of giving money to Hugo Chávez." McCain made these statements when he referred to US dependence on Venezuelan oil, as...OPEC sabre-rattling that takes the oil price up is a splendid opportunity to ...
OPEC sabre-rattling that takes the oil price up is a splendid opportunity to short oil at a higher price The Nov NYMEX oil futures contract closed a little higher at $74.25 from $71.85 the day before on the wobblies ahead of the emergency OPEC meeting on Friday that is sure...OPEC eyes cutting output by 1-1.5 mbpd - UAE agency
The falling crude prices along with looming recessionary threat ,The OPEC is going to cut the production of crude by1- 1.5 mb per day.This panic move of OPEC clearly opens up the story behind the crude price...FT: Oil demand to weaken as countries tip into recession
" By Javier Blas in London. Published: October 10 2008 09:00 | Last updated: October 10 2008 09:00 Global oil demand will grow far less than forecast this year and in 2009 as the financial crisis...Chávez blames IMF for global financial crisis
" According to the Venezuelan ruler, Latin America may construct an alternate financial architecture Venezuelan President Hugo Chávez said on Wednesday that the global financial crisis whose epicenter is the...Venezuela Aims to Convert 969 Vehicles to Natural Gas This Year
" October 9th 2008, by Daniel Cancel - Bloomberg. Petroleos de Venezuela SA, the country's state-oil company, aims to convert 969 gasoline- burning vehicles to run on natural gas by the end of the year helped...
OPEC to meet as oil prices drop (updated)
" UPDATES: Opec on Thursday called an emergency meeting to discuss reducing its oil production to halt the recent collapse in oil prices. In an unusually frank statement, the cartel said it was concerned about the... Putin and Chavez in nuclear talks
" Vladimir Putin, Russia's prime minister, has said he wants to look at nuclear co-operation with Caracas, after meeting Hugo Chavez, Venezuela's president, at his residence on the outskirts of...Chavez says has enough oil for all customers
" © AP 2008-09-25 10:40:28 - BEIJING (AP) - Venezuela's plans to triple oil shipments to China over the next several years will not mean a cut in sales to the United States and other countries,...Venezuela and China Expand Joint Oil and Investment Accords
As Venezuelan President Hugo Chavez leaves China for Russia, news over his official visit to Beijing show bilateral relations have increased in the energy and direct cooperation schemes. " September 24th...Iraq resumes oil supplies to Jordan
For the first time since the 2003 U.S.-led invasion, Iraq is now able to ship oil to energy eager Jordan at a discount price. "Jordan expects about 10,000 barrels of Iraqi oil to be trucked everyday to the... ahmadinejad: In Iran, freedom is absolute.
" September 23, 2008.
Iranian President Mahmoud Ahmadinejad Mahmoud Ahmadinejad arrived in New York this week to address the United Nations General Assembly. He sat down at the Grand Hyatt hotel with Times'... Oil soars as global financial turmoil continues
" Oil prices have jumped more than $25 a barrel to record their biggest ever one-day gain as US stocks took another beating amid the continuing global financial turmoil. Uncertainty about what the US...
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