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Showing 1 to 25 of 28 Articles matching 'OPEC' in related articles.

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1. ‘Cornerstone Worldwide' - Crude Gains On OPEC Cut Fears. October 13, 2008 “Cornerstone Worldwide” – Fears increase that OPEC may cut production lifts oil prices. Cornerstone Worldwide are thought to believe that OPEC will cut production of oil in response to reduced demand in light of the onset of a global slowdown. Sources close to Cornerstone Worldwide say that the cartel is keen to ease pressure on spare capacity if the world is not going to need as much oil. Mounting concerns over a slowdown in the global economy have seen the price of oil drop dramatically from its peak of $147 in the summer to under $90 in recent days. Some OPEC members have called f... (read more) Author: Richard Drake

2. Brentwood Group, Tokyo - Crude oil suffers along with wider commodity complex on recession concerns October 07, 2008 ‘Brentwood Group’ – Recession Fears Hit Crude Oil. Brentwood Group are thought to believe that although oil prices have dipped below $90 for the first time since February, a cut in production by OPEC may see the price return to $100. Demand destruction in developed economies is seen as the primary driver of the price fall. A source close to Brentwood Group said that growing concerns over the state of the European economy may have served to exacerbate the negativity. The Brentwood Group source suggested that the price of oil would be likely to return to over $100 a barrel as mar... (read more) Author: Vincent Hall

3. A powerful strategy to bring down the Crude Oil prices August 10, 2008 All of us are hit hard by high and rising Crude Oil prices. Since the grains are being used to produce bio-fuels, food prices too has risen sharply. Due to rise in both food and fuel prices the inflation is scaling new heights across the globe. In India, current inflation rate is at a 13 year high. Production cost and Demand-Supply situation Most of the nations, for their oil need, are dependent on OPEC (an organisation of 13 oil exporting nations). For OPEC nations, the production cost of one barrel (1 barrel equals 158.9 litre) oil is around 15 to 20 dollars(Source: Business Today)... (read more) Author: Sudhir Goyal

4. Oil should be trading at between about 70 U.S. dollars to 80 dollars August 06, 2008 Chakib Khelil made the prediction in his brief remarks to reporters, noting "there could be volatility ... but normally long -term oil prices should move in that lower direction without the interference of geopolitics or of the U.S. monetary policy." Oil should be trading at between about 70 U.S. dollars to 80 dollars per barrel if the dollar strengthens and the Iranian nuclear crisis is defused, Chakib Khelil, rotating president of the Organization of the Petroleum Exporting Countries (OPEC), said here Saturday. He said the recent meeting between senior U.S. dip... (read more) Author: wp stjerne

5. Oil should be trading at between about 70 U.S. dollars to 80 dollars August 05, 2008 Chakib Khelil made the prediction in his brief remarks to reporters, noting "there could be volatility ... but normally long-term oil prices should move in that lower direction without the interference of geopolitics or of the U.S. monetary policy." Oil should be trading at between about 70 U.S. dollars to 80 dollars per barrel if the dollar strengthens and the Iranian nuclear crisis is defused, Chakib Khelil, rotating president of the Organization of the Petroleum Exporting Countries (OPEC), said here Saturday. He said the recent meeting between senior U.S. diplomat William Burn... (read more) Author: dushan dushan

6. Is OPEC Losing It? July 31, 2008 IS OPEC LOSING IT? Earlier in the summer the president of the Organization of Petroleum Exporting Countries (OPEC), Chakib Khelil attacked the biofuels industry by claiming that ethanol is responsible for 40 percent of the rise in oil prices. Mr. Khelil still has not offered an explanation for his bizarre claim, despite a very public counter attack by the world’s four largest ethanol lobbies. Let’s consider the facts. One thing is undeniable: Biofuels add to the world's fuel supply -- and one needs only to have sat through the first day of Economics 101 to understand that basics of s... (read more) Author: Barb Miller

7. The Pentagon's Battle Plan Is To Go Green June 16, 2008 The vote was 324-84 as the United States House of Representatives recently approved legislation allowing the Justice Department to sue members of OPEC . The House bill blames OPEC for limiting oil supplies and working together to set crude prices. In effect, it says that gas and oil prices in America are too high and that OPEC should therefore produce more product. Of course, the vote is a study in congressional hypocrisy as many of the same members, who for decades have opposed drilling for oil and gas in various parts of the United States, voted in favor of holding OPEC accountable for... (read more) Author: James Smith

8. The Easiest MLM Home Based Business? Can You Say NuSkyWay? June 10, 2008 The easiest MLM home based business was started not by men and women...but by an understanding... an admission if you will. This understanding was simple...that there are far too many of us out there who ALL WANT THE SAME THING, but who have almost all been let down in our attempts to get it. Twenty seven million Americans seek to start home based businesses every year. That number is now growing more or less exponentially as the economy softens and as OPEC gets more and more of our dollars out of us! And as that number leans towards becoming exponential, it seems as if there ar... (read more) Author: kevin Browne

9. Easiest MLM Home Based Business...Everyone's Playin' Games at NuSkyWay June 08, 2008 The easiest mlm home based business was started not by men and women...but by an understanding...an admission if you will. This understanding was simple...that there are far too many of us out there who ALL WANT THE SAME THING, but who have almost all been let down in our attempts to get it. Twenty seven million Americans seek to start home based businesses every year. That number is now growing more or less exponentially as the economy softens and as OPEC gets more and more of our dollars out of us! And as that number leans towards becoming exponential, it seems as if there are... (read more) Author: kevin Browne

10. The High Gas Price Scam And Assault On The Middle Class May 29, 2008 There's been a great deal of talk and speculation lately of how high gas prices are literally crippling the American public. It is evident that the middle class in this country is shrinking at a fairly rapid rate thanks to the devaluation of the dollar, unregulated "Big Oil" and OPEC. Many expert economists, along with myself, view the rise in gas prices as a complete and utter scam / assault on the blue collar people of our nation. It would appear that most Americans are concerned by the spike in costs at the pump but very few are actually taking control of their own finances. The stats... (read more) Author: Matthew Loop

11. PREDICTING OIL PRICES: THE SHORTAGE IS IN THE FACTS December 27, 2007 Any numbers of energy experts—in Wall Street, in specialist trading outfits and in government bureaus throughout the world—have concluded that, since demand for oil will continue to outstrip supply, crude prices will remain on a firm-to-higher path in the foreseeable future. The problem is that hardly any statistical formulation is based on audited or established facts. Data from countries within the OPEC (Organization of Petroleum Exporting Countries) has proven to be totally unreliable. And oil consumption estimates from countries like India and China are just that, estimates. Pressed f... (read more) Author: Susanna Han

12. Solar Efficiency before Alternative Energy December 10, 2007 Solar power today isn't the same solar power from the '70's when solar first found popular favor during the OPEC embargo. Today solar systems are cheaper, better made and designed with the astethics of the building in mind. Along with solar being much more pleasing to the eye, it is also more pleasing to the wallet. Federal, State and Local incentives, along with personal tax breaks make the purchase and installation of a photovoltaic power system, and solar powered water heaters very affordable. In some areas it is also very feasible to install a small to medium sized wind generator to supple... (read more) Author: Michael Motley

13. Declining American Dollar Damages Foreign Policy November 17, 2007 Saudi Arabia and the United States have been friends for some time. To the average public within the country most Americans view Saudi Arabia as sponsors of terror citing the countries Muslim background. However, Saudi Arabia regularly supports the United States and has done so again in the last round of OPEC meetings. Venezuela and Iran wanted to open discussions about valuing oil against a new currency standard then the dollar. They were hoping the move would be symbolic that the world should move away from seeing the United States as a leader and move towards some other supper power li... (read more) Author: Murad Ali

14. Oil Prices and the World Economy November 15, 2007 Oil prices and the World Economy © awillowhawk, Ice and Ink 11/15/07 A recent trip to the gasoline pumps here in the Midwest of the United States feels like a losing day at a casino. Gasoline prices have gone up, as usual, in the face of supposed "changes" in world wide production of crude oil. A careful read of available resources show that crude oil production has not really changed since May of 2007. Demand for oil has not gone up, and production, despite some problems in the Middle East, Venezuela, and Mexico, production appears to be pretty stable. So, where oh where is the problem... (read more) Author: Alfred Willowhawk

15. T & K Futures and Options Inc. Believes That Crude Oil Futures Prices May Breach $90 Soon. September 25, 2007 Can crude oil futures prices breach $90 per gallon this year? Maybe, if OPEC does not raise its current crude oil production levels and the global economy keeps growing. Currently there are no hurricanes threatening the Gulf of Mexico oil platforms, tensions with Iran are lessening and US oil supplies are adequate, but crude oil futures prices recently hit all time highs in spite of these typically bearish price factors. The crude oil futures market prices seem to be pricing in tightening global crude oil supplies versus the global demand based on global production capacity constraints. It i... (read more) Author: Michael Smith

16. Crude Oil prices are increasing June 23, 2007 Crude oil prices have been capturing many news headlines worldwide, be they are falling or rising. Crude oil has been demonstrating a sense of its importance to global consumers for the past couple of years. In the past, many economies had failed to adeptly face crude oil price shocks of 1974 and again in 1979. This time around the shock was building up steadily. Most economies, developed and developing, had the knowledge of this built-up and had prepared to face this shock.Between 2001 and 2004, the OPEC Reference Basket of crude oil was in the range of US$20 and US$40 a barrel. In 2006, it r... (read more) Author: C Mant

17. Crude Oil prices are increasing June 23, 2007 Crude oil prices have been capturing many news headlines worldwide, be they are falling or rising. Crude oil has been demonstrating a sense of its importance to global consumers for the past couple of years. In the past, many economies had failed to adeptly face crude oil price shocks of 1974 and again in 1979. This time around the shock was building up steadily. Most economies, developed and developing, had the knowledge of this built-up and had prepared to face this shock.Between 2001 and 2004, the OPEC Reference Basket of crude oil was in the range of US$20 and US$40 a barrel. In 2006, it r... (read more) Author: C Mant

18. Crude Oil prices are increasing June 22, 2007 Crude oil prices have been capturing many news headlines worldwide, be they are falling or rising. Crude oil has been demonstrating a sense of its importance to global consumers for the past couple of years. In the past, many economies had failed to adeptly face crude oil price shocks of 1974 and again in 1979. This time around the shock was building up steadily. Most economies, developed and developing, had the knowledge of this built-up and had prepared to face this shock.Between 2001 and 2004, the OPEC Reference Basket of crude oil was in the range of US$20 and US$40 a barrel. In 2006, it r... (read more) Author: C Mant

19. Crude Oil prices are increasing June 22, 2007 Crude oil prices have been capturing many news headlines worldwide, be they are falling or rising. Crude oil has been demonstrating a sense of its importance to global consumers for the past couple of years. In the past, many economies had failed to adeptly face crude oil price shocks of 1974 and again in 1979. This time around the shock was building up steadily. Most economies, developed and developing, had the knowledge of this built-up and had prepared to face this shock.Between 2001 and 2004, the OPEC Reference Basket of crude oil was in the range of US$20 and US$40 a barrel. In 2006, it r... (read more) Author: C Mant

20. Trends in Crude oil Prices June 07, 2007 Crude oil prices have been capturing many news headlines worldwide, be they are falling or rising. Crude oil has been demonstrating a sense of its importance to global consumers for the past couple of years. In the past, many economies had failed to adeptly face crude oil price shocks of 1974 and again in 1979. This time around the shock was building up steadily. Most economies, developed and developing, had the knowledge of this built-up and had prepared to face this shock. Between 2001 and 2004, the OPEC Reference Basket of crude oil was in the range of US$20 and US$40 a barrel. In 2006... (read more) Author: Rakesh P

21. There Are Petroleum Companies that Provide a Valuable Service to Society June 07, 2007 There are many different petroleum companies to be found in the world. These oil companies can be owned by the governments and by private state owned petroleum companies. Each country has a certain amount of petroleum companies to help them with the production of the necessary amounts of oil that is required by that country. With these companies they will need to see how to provide the fuel that is needed while also finding ways to keep the prices at a reasonably low rate. You will be able to see many petroleum companies located in the OPEC oil producing countries. These petroleum companies a... (read more) Author: Peter Gitundu

22. Oil Prices Exceed $64 A Barrel April 17, 2007 Oil prices increased above $64 a barrel after a rush in the preceding session. This is due to the fact that traders have reacted to warnings that OPEC production was at its lowest point in two years. Iraq and Algeria as well as the (Organization of Petroleum Exporting Countries) OPEC member nations also added to the upward pressure. As consumers predicted, the chaos has resulted to the squeezing of gasoline supplies as the summer driving season approaches. In Europe, light, sweet crude for May delivery increased 31 cents to $64.16 a barrel in electronic trading on the New York Mercantil... (read more) Author: Lauren Woods

23. Alternatives to Gasoline February 23, 2007 Alternatives to gasoline. Automotive manufacturers, environmental activists, governmental organisations and the consumer are all concerned, in their own way, about the future source of the fuel we put in our vehicles. The oil producing nations, both inside and outside OPEC, have become extremely wealthy because of the fortunate circumstance of having vast amount of crude oil on their territories. The companies who refine, transport and supply the finished products to the end user have become global, super-rich money machines. Governments have used the tax income from the consumer ... (read more) Author: Peter Griffiths

24. New Instrument for Futures and Options' Traders October 26, 2006 Oil dominated volume on HedgeStreet last week as crude prices dropped 5.01% to close at $59.76. Investors doubt an OPEC production cut. Wholesale gas and currencies were active too. The dollar was up 0.68% against the euro, closing at $1.2595/€, and up 0.75% against the yen, closing at ¥119.01/$. The yen�s weakness continues to surprise, especially given the end of the easy money policy by the Bank of Japan earlier this year. Stocks rallied to record levels. The Dow closed at 11850.21. Bonds sold off sharply on Friday with the 10-year yield up 12bp to 4.70%. Gold plummeted 4.38% to close at ... (read more) Author: Robert Dubil

25. Fantastic Ford Fuel Saving Tips October 05, 2006 Over the summer many consumers were shocked to learn that fill ups at the pump were setting them back $45, $60, even $80 or more. After years of cheap gasoline – who can forget that gas was below one dollar per gallon a mere six years ago – prices have never been higher. OPEC and the gas companies have us over a barrel, of oil that is! Saving money on fuel has never been more critical for car owners and achieving measurable results is the only way you can keep cash in your wallet. Whether you own a Ford, Toyota, Porsche, or any other car on the road, you can reduce your costs by making a few... (read more) Author: James Russell

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