OPEC News

The European Union head office warned Thursday that European governments should avoid compensating businesses hit hard by surging oil prices.

Oil prices rebounded in Asian trade Thursday after recent declines on news that industrial powers ... The IEA and to a certain extent the US government are taking on OPEC's role of managing the market in this crisis and that's helped to reduce crude prices," Global Insight analyst Simon Wardell said.2.7

According to the association, a year long upswing in world demand for oil and gas has severely tilted demand and supply as well as oil prices scales.2.7

As the NATO armored car inches through a crowded Kabul market, its machine gun sweeping over the heads of shoppers, the Portuguese officer on board banters with street kids and traders, exchanging waves and ...1.3

Fuel price rises have taken a litre of petrol over the 1 mark. Picture: Getty Images Threat looms of fresh fuel blockade ALASTAIR DALTON TRANSPORT CORRESPONDENT FUEL protesters have threatened to blockade every ...2.9

The damage inflicted by Hurricane Katrina on America's oil industry sent oil prices skyrocketing to more than $70 per barrel of crude last week, a 30 percent rise above last year's high.

Caribbean leaders yesterday formally signed up to Petrocaribe, the much touted oil initiative put forward by Venezuela's President Hugo Chavez aimed at offering cheap crude to developing countries.2.7

Gas prices have nearly doubled in the past couple of weeks sending panic throughout the region and hitting hard where it hurts the most - the pocketbook.1.3

The CNMI government has joined a multi-state inquiry into rising fuel prices across the nation ... It is no secret that OPEC controls world oil prices through control of supply.2.7

The surge in oil prices threatens growth in Europe and could be a blow to already faltering efforts to reform Europe's economy and make it more dynamic in the years ahead, the European Commission said ...

Protesters have threatened to return to the refineries if the Government does not bring down tax ... Prices have increased recently with the effects of Hurricane Katrina.2.7

Chinese and US senior military leaders vowed yesterday in Beijing to keep a good momentum in the ... Korean TV epic hits mainland Sino-US military exchanges maintain momentum Saddam has confessed to crimes: Talabani Shenzhou VI to be launched soon: official OPEC's oil price falls from record high S.2.7

These days, we all have a gasoline problem. Evidently, we are accustomed to using our cars and using gasoline.

Businessmen remained wary over developments in the country's politics and national leadership after lawmakers threw out all three impeachment charges against President Arroyo on Tuesday.2.7

Top Chinese legislator Wu Bangguoarrived here Tuesday to attend the Second World Conference of Speakers of Parliaments scheduled to start Wednesday at the headquarters of the United Nations.2.7

Indonesia's central bank raised its benchmark interest rate by a half percentage point, the third ... The rupiah slumped 10.4 percent this year, triggered by a surge in global energy prices that boosted the government's fuel subsidy bill and increased demand for dollars in OPEC's only net oil importer.

Speaking at an interactive breakfast session with Mexican businessmen in Mexico city yesterday, Obasanjo said Nigeria was currently producing between 1.8 million and two million barrels a day.2.7

The question most frequently asked in Indonesian political corridors these past few months is, why is our nation so gloomy when world oil prices have shot through the roof.2.7

EDITOR'S NOTE: This column was first published on April 16, 2000, accounting for the shocking gas prices that by today's standard's seem low.

Treasurer Peter Costello spread his policy wings into nuclear power, Telstra directors and tsunami ... High oil prices are a continuing concern, with Mr Costello set to warn Indonesia - an OPEC member - and other Asia-Pacific nations at a meeting later in the week that supply must be boosted if the global economy is not to suffer.4.5

Buffalonian Mona Fetouh visited Iraq and took some very interesting photos. A New Program On WNED-AM 970 A Multimedia look at the Health Care system.2.9

Ailing Supreme Court justice succumbs to thyroid cancer at Va. home. He was 80. Signs of relief in New Orleans Blogging from the the scene Images Video Full coverage Jason Reed/Reuters file Aruba suspects in ...

NEW DELHI: India's most valuable company, Oil and Natural Gas Corp. , looked poised last year to take the world's oil industry by storm, snatching foreign assets from Chinese and Western rivals in a global race ...2.7

Five Iranian oil wells have shut down after blasts early on Thursday morning, media reported on Saturday, but officials were not immediately able to give data on any loss to crude output.2.7

I wonder what OPEC will have to say about this. Publishing billionaire Steve Forbes has predicted that soaring oil prices will lead to a crash that c Sep.

IT is impossible to read Donald Trump's blog without hearing his voice and picturing him typing away in his Turnbull & Asser pajamas, sleep still in his eyes.1.3

Secondly, there is no disguising the fact that the Nigerian side came up with the initiative themselves.2.7

This week oil prices increased by $3 to climb more than $70 a barrel, the Associated Press reported.

THE HAGUE, September 1 - The oil price is liable to fall at any time, an oil expert said Thursday ... Seventy dollars per barrel is too high a price, and of course it will not remain this high for long, particularly in view of the fact that OPEC has decided to increase oil extraction," he said.2.7

College textbook prices are out of control and state lawmakers should start regulating the unfair practices many publishers use to gouge students, Lt.

Barbados says it will not sign Venezuela's PetroCaribe agreement oil agreement in its present form ... Printer Friendly Version Post/view comments Send To Friend Similar News Belize Water to be renationalised Guyana and OPEC agree on debt relief TT and Venezuela join to fight drug trafficking Woman killed by lightning.2.7

Nationwide wireless coverage plans from $19.99 per month. Free phone, carry case and car charger with online order.1.8

Gasoline prices across North Dakota are on the rise amid fears of damage to pipelines and refineries in the South after Hurricane Katrina.

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We're taking our lumps at the pump, according to a fuel station survey that says Chicagoans are ... Nobody seems to blame OPEC.