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opec and reserve - All News and Analysis

• Oil prices ease as US taps strategic reserves

  - 2008-09-03

  SINGAPORE AFP — Oil prices fell in Asian trade Wednesday as the US government announced the release of oil from its strategic reserve to help with recovery efforts after Hurricane Gustav. In afternoon trade New York's main contract, light sweet crude for October delivery, dropped 71 cents to 109.00...

  Tags: Agence France-Presse, barrel, HARDWARE, OPEC, reserve, Singapore, Storage

• The Persian Gulf, global oil resources, and international security

  - 2006-10-01

  I. INTRODUCTION Remaining global conventional crude oil resources are on the order of 3 trillion barrels, with more than 50% of that amount in the Persian Gulf. Consequently, Persian Gulf oil has been of considerable interest to Western oil companies and governments and to Russia for more than a...

  Tags: Al-Qaeda, barrel, Chapman Co., China, Government, Gulf, Iran, Iraq, Khanna, Kuwait, Oil, OPEC, petroleum, Reserve, Russia, security, SOFTWARE, U.S.

• U.S. international transactions: first quarter of 2006

  - 2006-07-01

  Table 2a. U.S. Trade in Goods [Millions of dollars] ...

  Tags: accessory, adjustment, Administration, affiliate, Africa, aircraft, Asia, asset, bank, beverage, Coal, earnings, Earnings, Education, equity, Europe, FINANCE, financing, Fish, food, Government, insurance, Manufacturing, Oil, OPEC, payment, Quarterly, Republic, Reserve, sales, stock, transportation, U.S., U.S. Government

• SAUDI ARABIA - Ali Ibrahim al-Naimi.

  - 2005-10-24

  Petroleum and Mineral Resources Minister Naimi was appointed to this post on Aug. 2, 1995, replacing Shaikh Hisham Nazer who had served in the government for 30 years. Until then, Naimi was president of Saudi Arabian Oil Co. Saudi Aramco, a post he held from 1984. Naimi...

  Tags: cabinet, Government, kingdom, Massachusetts Institute of Technology, ministry, OPEC, petroleum, reserve

• Bush Administration to Continue Filling Petroleum Reserve with Costly Oil.

  - 2004-04-02

  By James Bernstein, Newsday, Melville, N.Y. Knight Ridder/Tribune Business News Apr. 2--Against protests from bipartisan legislators hoping to ease gas prices, U.S. Energy Secretary Spencer Abraham yesterday said the Bush administration plans to continue to fill the Strategic Petroleum Reserve, ...

  Tags: barrel, gasoline, Newsday, OPEC, petroleum, reserve

• U.S. international transactions, 2003

  - 2004-04-01

  Table 1. U.S. International Transactions [Millions of dollars] Line (Credits +; debits -) (1) ...

  Tags: adjustment, Africa, Asia, asset, beverage, Civilian, Coal, EDUCATION, FINANCE, financing, Gold, Government, income, insurance, Iron, Meat, Oil, OPEC, payment, Republic, Reserve, sales, transportation, U.S., U.S. Government

• Bush Chided for Surging Oil Prices.

  - 2004-03-24

  By Patrice Hill, The Washington Times Knight Ridder/Tribune Business News Mar. 24--The Bush administration was criticized yesterday for not acting to curb escalating oil prices even as the price of gasoline at the pump rose to a record high nationwide. ...

  Tags: administration, gasoline, OPEC, reserve, U.S. Senate

• STRATEGIC RESERVES COULD PLAY VITAL ROLE IN EVENT OF WAR: ANALYSTS.

  - 2003-03-13

  PERTH, March 13 Asia Pulse - Vast strategic reserves of oil could play a vital role in keeping a lid on oil prices if the United States leads an attack against Iraq. The outbreak of war could lead to prices surging beyond US$40 a barrel, but analysts believe...

  Tags: barrel, International Energy Agency, Iraq, OPEC, reserve, SECURITY

• MIDDLE EASTERN ENERGY AFTER THE IRAQ WAR: CURRENT AND PROJECTED TRENDS

  - 2003-01-01

  The Iraq War has removed a tyrant, but it has had little impact on the overall importance of Middle Eastern energy - except to cut short-term Iraqi production and create new uncertainties about Iraq's mid-term export capacity. Similarly, for all the talk of new U.S. energy policies and energy discoveries...

  Tags: African, Algeria, barrel, dependence, Gulf, import, International Energy Agency, North, OPEC, petroleum, reserve, Transportation, U.S.

• U.S. international transactions, first quarter 2002 - Statistical Data Included

  - 2002-07-01

  The estimates presented in this article reflect an annual revision of the international transactions accounts. For more information, see "Annual Revision of the U.S. International Accounts, 1993-2001" in this issue. THE U.S. current-account deficit--the combined balances on trade in goods and services, income, and unilateral current transfers--increased to $112.5...

  Tags: adjustment, asset, bank, compensation, Earnings, FINANCE, financial, foreigner, Government, IMF, income, investment, OPEC, payment, Republic, Reserve, security, transportation, U.S., U.S. Department of Treasury, U.S. Government