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• HIgh Oil Price Would Hurt Rebound - IEA

  ReutersUK - 2009-11-23

  By Edward McAllisterUNITED NATIONS (Reuters UK) - Oil prices would threaten a rebound in the global economy if they rise beyond current levels, the chief economist of the International Energy Agency said on Monday."We would like to see oil prices not to go higher than these levels as it is...

  Tags: OPEC, Price, Iea, Oil, Oukbs, Recovery, Risk

• Pickens: $300 Oil is Still On Its Way

  BNET - 2009-11-13

  T. Boone Pickens, the Texas billionaire investor turned-wind turbine and natural gas champion, said Thursday he expects the price of oil will hit $100 in 2010. Within 10 years, he thinks crude will make it to $300 a barrel. Pickens, who was attending a conference in Washington, said the...

  Tags: OPEC, Oil, Barrel, Homeland Security, Telecom & Utilities, Government, Kirsten Korosec

• Oil Rises Above $77, China Data Supports

  Reuters - 2009-11-02

  By Barbara LewisLONDON (Reuters) - Oil rose above $77 a barrel on Monday, recovering from the previous session's steep drop, after manufacturing data from China revived expectations economic recovery would generate extra fuel demand.Prices also drew some support from a Reuters survey showing OPEC output had declined slightly, but at...

  Tags: OPEC, Manufacturing, Markets, Oil, Us, US

• Opec signals rise in oil output as global price rallies

  BNET - 2009-10-26

  Opec, the oil producers' cartel, has said that it may increase oil production this year if prices continue to rise. José Botelho de Vasconcelos, the Angolan Oil Minister who is the present president of Opec, said that oil prices of between $75 and $80 per barrel were at an optimum...

  Tags: OPEC

• Oil Jumps to $74 on Demand Outlook, Dollar

  BNET - 2009-10-13

  By David Sheppard LONDON (Reuters) - Oil rose for the fourth straight session on Tuesday, edging higher above $73 a barrel after OPEC raised its 2010 demand forecast and the dollar slumped. But prices were capped before a challenge of the year-high of $75 a barrel after economic bellwether Johnson...

  Tags: dollar, Johnson & Johnson, OPEC

• OPEC: Risk Remains, Oil Production Unchanged and a Word About Climate Change

  BNET - 2009-09-10

  The Organization of Petroleum Exporting Countries will keep its oil production levels unchanged -- as expected -- in large part to avoid destabilizing a fragile economic recovery. OPEC ministers from its 11 member countries gathered Sept. 9 and 10 for its 154th ordinary meeting in Vienna, Austria. OPEC...

  Tags: OPEC, Microsoft Word, Environment, Climate Change, Member Country, Kirsten Korosec

• Russia Exploits OPEC Cuts, Tops Saudi Arabia in Oil Exports

  BNET - 2009-09-08

  Russia's continued exploitation of OPEC's oil production cuts gives credo to the old Heinz slogan "the best things come to those who wait." Not too long ago, rhetoric from Russia gave the impression it was aligned with the Organization of Petroleum Exporting Countries in a mission to control oil...

  Tags: OPEC, Russia, Taxes, Financial Planning, Finance, Kirsten Korosec

• Gas Prices Are Rising, But Don't Fear Last Year's Shock

  BNET - 2009-05-28

  Oil prices headed higher this week, causing many consumers to wonder whether we're in for a replay of last year's sky high gasoline prices. While it's true that oil prices have climbed considerably from their lows earlier this year, it's unlikely that we will have a rerun of last year's...

  Tags: OPEC, Barrel, Price, Telecom & Utilities, Charles Wallace

• Energy Roundup: PetroChina Buys Overseas, G-8 Urges Energy Investment, and More

  BNET - 2009-05-25

  PetroChina buys 45.5 percent stake of Singapore Petroleum -- In a sign that overseas investment by Chinese companies will continue unabated, PetroChina snapped up 45.5 percent of Singapore Petroleum for $1 billion from Keppel Corp., the world's largest builder of offshore oil rigs. PetroChina's purchase of Singapore Petroleum's assets, which include a...

  Tags: OPEC, Alberta, Chevron Corp., PetroChina, Province, Investment, Finance, Kirsten Korosec

• Protectionism Vs Resource Nationalism

  - 2009-02-23

  The six-year oil price shock has caused things far worse than what the previous shocks had produced. Against the much-drummed up trend of resource nationalism from such short-sighted petroleum exporters as Iran and Venezuela, now there is protectionism. Apart from printing more money from the main players in the global...

  Tags: International Olympic Committee, OPEC