Latest Cartels Stories
By Rosemary Gallagher OIL cartel Opec is expected to reduce supplies next month following a sharp fall in crude prices on Friday. The value of US crude fell 5.5 per cent to dollars 114.59 a barrel - the biggest drop in percentage terms in one day since December 2004.
Venezuela to ask OPEC to reduce oil production CARACAS, Aug. 19 (Xinhua) -- Venezuela will propose oil output cuts at the September meeting of the Organization of Petroleum Exporting Countries (OPEC) in case oil prices continue decreasing, Energy and Oil Minister Rafael Ramirez said Tuesday.
By Anonymous I am writing this letter in reference to the mean-spirited words of Mr. Ted Jones of Akron (8/12 New Era Letters). I have known Mr. Barrie Edwards and his brother, Terry, for some 40-odd years, while working at Armstrong World Industries.
Researched by Industrial Info Resources (Sugar Land, Texas) -- Oil export revenues earned by member countries of OPEC are set to reach a record total of over $1 trillion by the end of 2008 and continue on an upward trend into 2009, according to estimates by the U.S. Energy Information Administration.
Text of report by London-based newspaper Al-Hayat website on 16 August [Article by Id Bin-Mas'ud al-Jihni, Saudi thinker and chairman of the Arab Gulf Energy and Strategic Studies Centre: "Collapse of Correction?"] The oil market saw, in January 1979, a race between the industrial countries, the main oil consumers, to increase their strategic reserves in addition to the emergence of the role of speculators in the international oil market.
Text of report by Botswana newspaper Mmegi website on 13 August [Report by Wanetsha Mosinyi: "Government Extends AK6 Licence Negotiations"] Government has extended the negotiation period with Boteti Exploration for mining licence terms and conditions for AK 6 Diamond Mine to September 30, 2008.
By Alastair Sharp Oil yesterday traded near EUR 115, off early highs as concerns about global demand outweighed supply disruption in the Caspian region. US light crude for September delivery was up 18 cents at EUR115.38 a barrel, off highs of EUR116.90.
Crisis in the Middle East. Record high gas and oil prices. Sound familiar? That was the case in the 70s and early 80s when gas was $1.25 a gallon and oil was $40 a barrel. I wasn't driving then but do remember the odd-even gas rationing. Forward to around 1990.
A case before a U.S. appeals court could limit privacy expectations for on-line communications. U.S. District Judge Florence-Marie Cooper, sitting in California, ruled last year that a hacker who broke into a file-sharing company's e-mail didn't violate the 1968 Wiretap Act.
Iran says OPEC to consider oil rationing TEHRAN, Aug. 2 (Xinhua) -- Iranian Oil Minister Gholam Hussein Nozari has revealed that the Organization of Petroleum Exporting Countries (OPEC) will seriously consider rationing its oil production, the semi-official FARS news agency reported.
- A gift; a largess; a gratuity; a present; a dole.