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- OPEC
- Organization of the Petroleum Exporting Countries: an international organization of 11 developing countries, each one largely reliant on oil revenues as its main source of...
- OPEC definition on BNET »
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- No Need to Raise Oil Production: opec
- The Organisation of Petroleum Exporting Countries sees no need to raise oil production to counter high oil prices, the OPEC President says."No," said Chakib Khelil, who is also Algeria's Energy and Mines Minister, when asked by reporters on Sunday whether OPEC would raise production."I don't think that any increase...
- News items 2008-04-21
- Iran Questions Need For opec to Cool Oil Prices
- By Parisa Hafezi and Hashem Kalantari TEHRAN (Reuters) - Iran's oil minister on Wednesday questioned the need for OPEC to hike production to cool surging oil prices, snubbing calls for more crude from its Western foes, the United States and Britain. Crude hit...
- News items 2008-04-16
- opec President Sees $200 Oil Possible: Report
- ALGIERS (Reuters) - OPEC President Chakib Khelil does not rule out oil prices reaching $200 a barrel, even though supply is adequate, because the market is driven by the dollar's slide, Algerian government newspaper El Moudjahid reported on Monday. "Questioned about...
- News items 2008-04-28
- opec Sees Softer Oil Demand
- WASHINGTON (Reuters UK) - The Organization of Petroleum Exporting Countries' top market analyst said on Saturday OPEC was committed to maintaining oil market stability and supply as global demand appears to be softening. High oil prices in recent months are due more to financial market...
- News items 2008-04-12
- What $100 Barrels Have Meant
- Oil has broken the $100/barrel mark for the first time, and as our own Jessica Stillman reports, its driving up the price of gum. But exactly how much are the stratospheric oil spots truly affecting the bread-and-butter (or more appropriately, the milk and eggs)? Washington Post pins the YOY price...
- Blog posts 2008-01-03
- Oil Reaches Record High: Who's to Blame?
- Faced with the prospect of increased fuel consumption as people attempt to stay warm this winter, OPEC agreed to raise production by 500,000 barrels a day today. The commodity markets reacted with a great big shrug -- the price of crude for October delivery was up $.74 to $78.23 a...
- Blog posts 2007-09-11
- The Real Oil Problem
- This paper focuses on the real oil problems. The real problem faced over oil dates from after 1970: a strong but clumsy monopoly of mostly Middle Eastern exporters cooperating as OPEC. The biggest exporters have acted in concert to limit supply and thus raise oil's price possibly too high even...
- White papers 2004-05-18
- opec: Balancing Fundamentals, Energy Security, Risk, and Surplus Capacity
- The global oil market continues to demonstrate that it can become more complex and unpredictable no matter how much is made of the interchangeability of viable suppliers. When energy security climbs higher on the world agenda, it is necessary for countries to take an inventory and gauge the nature of...
- White papers 2002-12-03
- Independent Producers: Meeting America's Needs
- Big Oil. Big Oil and OPEC. Clearly, Big Oil will be a target as long as energy issues are debated. And, when Big Oil isn't the target, OPEC usually is. Unfortunately, attacking Big Oil and OPEC is not a real substitute for creating a sound domestic energy policy. Even worse,...
- White papers 2001-12-01
Additional Resources
- Fair Play
- There is a dirty little secret in purchasing that suppliers frequently accompany a request for quote (RFQ) with a verbal nudge to the buyer to "let me know what I need to do to win the business." Naturally, any company wants to win orders at the highest margin possible, so...
- White papers 2003-01-01
- Proposals for the International Conference on Financing for Development for Consideration by the G-24
- This paper has attempted to draw certain recommendations from the proceedings of the G24/OPEC Fund Workshop on Financing for Development that was held in New York on September. Rather than making suggestions of a highly specific and detailed character, it is proposed that the G-24 contribution focus on a set...
- White papers 2001-11-14
- "Super-spike" Could Lift Oil to $200: Goldman
- LONDON (Reuters) - Oil could shoot up to $200 within the next two years as part of a "super-spike" driven by poor growth in oil supplies, investment bank Goldman Sachs (GS) said in a research note. "We believe the current energy crisis may...
- News items 2008-05-06
- How Is Foreign Aid Spent?: Evidence From A Compelling Natural Experiment
- We use yearly variations in the price of oil to construct a powerful new instrument to test the impact of an important but often-overlooked foreign aid channel: money given by wealthy OPEC nations to their poorer Muslim allies. The instrument identifies plausibly exogenous variation in foreign aid. We investigate how...
- White papers 2007-04-01
- Globalisation's Surprises
- This article gives an overview on economic and technological globalisation, which was always a project of global corporations, financiers and their political allies in mature industrial societies. The blueprint was the “free” market enthusiasms of Ronald Reagan and Margaret Thatcher. The World Trade Organization (WTO), NAFTA and the incipient Free...
- White papers 2002-12-01
- Oil Prices Hit Record $US17 a Barrel
- Oil prices have spiked to a record above $US117 a barrel in early Asian trading following a pipeline attack in Nigeria at the end of last week.Comments over the weekend by an OPEC official that the group isn't likely to increase production also are supporting prices.Light, sweet crude for...
- News items 2008-04-21
- U.S. Crude Oil Sets New Record Above $120 a Barrel
- LONDON (Reuters) - U.S. crude oil futures rose to a new record high for a second day on Tuesday, with crude oil futures for June delivery touching a record of $120.70 a barrel. London Brent crude oil futures set a new record of $119.03 ...
- News items 2008-05-06
- Oil Sets New Record Near $US120
- Oil hit a new record near $US120 a barrel, boosted by a string of bullish factors that include a UK refinery strike and disruptions to Nigeria's output that highlight the market's anxieties over threats to supply.Oil held firm despite a rally in the US dollar versus the euro, which...
- News items 2008-04-28
- Oil Hits New Record Above $118 a Barrel
- Oil rose to a record high above $US118 on Tuesday, boosted by a jump in oil demand last month from China, the world's second biggest energy consumer, and worries about supply from key producers Russia and Nigeria.US light crude for May delivery was up 26 cents at $US117.74 a...
- News items 2008-04-22
- Oil Reaches Record High: Who's to Blame?
- Oil Reaches Record High: Who's to Blame?Oil company profitOil companies made lousy profits throughout the 1980s and 1990s, and had to conslidate to keep investors happy. They spend billions of dollars on exploration, with no guarantees the investments will pay off. When GE does this or Dell or Microsoft in...
- Discussion threads 2007-09-12
- Energy Producers in Driving Seat at Rome Talks
- By Alex Lawler and Peg Mackey ROME (Reuters UK) - Consumer countries and international oil firms keen to gain greater access to the world's energy resources are likely to walk away empty-handed from talks with producer nations in Rome. Record high oil, which struck $117 a...
- News items 2008-04-20
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