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July 3rd

  • Crude Oil Rising Helps Biofuels: OPEC wants to see oil prices rising to more than $US70 a barrel, the oil cartel's secretary-gene ral Abdalla El-Badri says. "The price of $US50 is not enough to cover investment costs for the future," El-Badri told reporters in Algiers on Sunday. "The price which allows reasonable and acceptable revenues is more than $US70 a barrel."

July 1st

  • Beware of another oil shock - Views - livemint.com: After hitting a low of around $32 last December, the price of a barrel of oil has risen above $70. While the net effect of this will lead to renewed inflation and hitting our wallets, what is the medium-term outlook for oil? All predictions are risky, but it is likely that prices will go right back up into the $100 level, resulting in many attendant problems for the world economy.

June 30th

  • Trump's World View | On The Record With Greta - FOXNews.com: "I can tell you this. OPEC is raising oil prices and absolutely draining and sucking the blood out of the country. There's no reason for $70 oil. That's very expensive. And OPEC is doing its thing. And as usual, nobody does anything about OPEC. You know, they like to blame it on speculators. Speculators are peanuts by compared to the power that OPEC has. So OPEC is draining the life blood out of this country, number one.....And you have to do something about OPEC. OPEC has to be destroyed in the sense -- in an economic sense. You have to do something about OPEC. They can't -- it really is an illegal situation that they're doing from any standpoint in most countries. But they're doing it and they laugh. The truth is, I know people involved with OPEC. They laugh at the stupidity of our country. They laugh at us. They laugh at the stupidity of our politicians in this country. They do whatever they want to do."

June 26th

June 20th

June 17th

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June 12th

  • Venezuela says completes Exterran nationalizatio n. Venezuela completed its takeover of 52 gas compressor and electrical generator units operated by US oil service company Exterran as part of a nationalizatio n drive by Chavez.: Chavez, a fierce foe of US influence who calls Cuba's Fidel Castro a mentor, has increased state control over broad swaths of Venezuela' ;s economy including telecommunicat ions, oil and steel assets in his drive to install a socialist model. State oil company PDVSA recently began taking control of Exterran operations and other oil service assets and plans to incorporate more than 400 workers employed by the US company. "This decision ... strengthens the country's energy sovereignty, secures oil and gas operations and contributes to the building of socialism,&quo t; PDVSA said in a statement. Energy Minister Rafael Ramirez has said only some parts of the OPEC nation's oil industry will be nationalized to guarantee that strategic sectors are controlled by the state. The national assembly is currently reading a proposed law to put all petrochemical activity under state control, affecting Japanese and US companies and extending the list of companies in the oil industry

June 11th

  • Behind Oil's Surprising Surge: OPEC production cuts and hedge fund money have lifted oil prices. And fears about a falling dollar could push them higher

June 10th

June 5th

June 4th

  • Om OPEC - NA24: Mange ulike artikler om ojlepis og OPEC

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    KUWAIT - Kuwait wants to see the price of oil stay above $60 a barrel, the OPEC member's oil minister said on Sunday. "We will be watching the market very closely," Kuwait's Oil Minister Sheikh Ahmad al-Abdullah al-Sabah told reporters at parliament ...

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