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OPEC

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    Bush tells Congress how to write an energy bill     1192555320

    Bush sent a letter telling Congress what changes they can make to the energy bill so he does not veto it. Allan Hubbard wrote the letter that the White House sent to Congressional leaders (Nancy Pelosi, Harry Reid, Mitch McConnell and John Boehner) with a list of "deal-makers and deal-breakers." ...

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    Happy weekend thought: gas prices still on the up     1176508680

    Maybe you figured this out when you filled up the car. Maybe when you drove by the pump. Maybe from websites like GasPriceWatch. However the news gets around, the reality is that gas prices are still climbing.According to the aforementioned GasPriceWatch, average prices at the pump today are two ...

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    High oil prices not going away in 2007     1168186560

    The record oil prices, peaking at US$79.45 a barrel, that were seen in 2006 are not expected to be repeated in the coming year but prices will remain high though 2007, Drive.com.au reports. The price will still be high enough though to annoy motorists and bring in fat profits for the oil companies. ...

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    OPEC production cuts send a message to the oil market     1161539280

    With all the talk and rumors over the last month, we expected to see OPEC cut oil production by 1 million barrels per day. However, according to Reuters, Friday's announcement of the deeper than expected cut of 1.2 million barrels seemed to send an intended message to buyers on the oil market: if ...

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    OPEC cuts output, OPEC doesn't cut output. Rumors abound, oil prices on the rise     1160073840

    This'll teach me to stare at news feeds all morning. At 7:39 AM EDT, the Dow Jones Newswire reported that the Organization for Petroleum Exporting Countries agreed to cut oil production by 1 million barrels per day (about 3 percent). As a result, early electronic trading saw the price of crude oil ...

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    Cheap oil means cheaper gas means fewer green cars?     1159297320

    It might be the auto and energy question of the decade: what effect do gas prices have on green car habits and green car technology? Automakers are investing billions in gas-free propulsion sources and sales figures show that consumers are more than eager to go along with these advanced ...

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    Saudi oil exec: Don't worry, we have plenty of oil     1158192420

    At a conference today in Vienna sponsored by the Organization of Petroleum Exporting Countries, Abdallah S. Jum'ah, president and CEO of the state-owned Saudi Arabian Oil Company (Aramco), proclaimed that the world has only consumed about 18 percent of its total crude oil supply. He said that with ...

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    OPEC expected to maintain oil output (for now)     1157997840

    The Associated Press reports that despite a $10 drop in the price of a barrel of crude oil since mid-July, the Organization of Petroleum Exporting Countries (OPEC) is expected to maintain its output quota of 28 million barrels per day. However, there is speculation that OPEC is drawing up an action ...

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    Is OPEC entering the ethanol market?     1155816240

    Could OPEC be looking to go green? Or is the cartel warily keeping an eye on a possible competitor? Edmund Daukoru, president of OPEC and also the oil minister of Nigeria, recently met with Petrobras CEO Sergio Gabrielli. Apparently Petrobras, which is owned by Brazil, is looking into importing ...

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