Latest Cartels Stories
In order to control the plunging petrol price, the Organization of Petroleum Exporting Countries has decided to decrease the current OPEC-11 production ceiling of 28.808 million barrels a day by 1.5 million barrels a day, effective November 1, 2008.
Iranian Oil Minister Mohammad Ali Khatibi said a second reduction in oil exporting quotas would be considered in December and possibly sooner. The Organization of Petroleum Exporting Countries reduced their collective quota by 1.5 million barrels of oil a day last Friday.
VIENNA, Austria, Oct. 27 /PRNewswire/ -- If there were such a thing as a process server's academy award, Freedom Watch Chairman and Chief Legal Counsel Larry Klayman most likely would be nominated for one. ( http://www.freedomwatchusa.org/ ).
Ministers from major oil exporting countries Friday in Vienna said they would cut their collective production quota by 1.5 million barrels a day.
Budget burdens among members of the Organization of Oil Exporting Countries may sway the group's production decision in Vienna Friday, analysts said.
British Prime Minister Gordon Brown has called for gasoline retailers and oil producers to make consumer-oriented decisions.
Iran calls for oil market stability TEHRAN, Oct. 11 (Xinhua) -- Iranian Oil Minister Gholam-Hossein Nozari on Saturday called for the stability of international oil market after a sharp crude price decline on Friday, Iran's English- language Press TV reported.
Text of report by Alexey Konovalov entitled "Price of a fall" by privately-owned Kazakh newspaper Vremya website on 8 October On Monday, 6 October, the price of oil fell below 90 dollars a barrel for the first time since February.
Text of report by Russian business newspaper Vedomosti on 26 September [OSC Translated Text] [Report by Yevgeniya Pismennaya and Irina Malkova: "Influencing the Oil Price. Energy Minister Sergey Shmatko Is Looking for Mechanisms to Influence the World Oil Price.
Text of report by state-owned Namibian newspaper New Era website on 3 October [Report by Desie Heita: "Onshore Diamond Production Down"] The eventuality of a decrease in one of Namibia's major sources of income is increasingly becoming a reality with the onshore diamond production continuing to decline.
- A political dynamiter.