Despite differences on a number of issues, OPEC members are united over increasing oil prices, which could touch $200 per barrel. Inaugurating the OPEC summit in Riyadh, the Venezuelan President Hugo Chavez gave a chilling warning to the global...
Tag - Oil Prices
Saudi Arabia disclose its plan to expend its crude oil production capacity nearly 40 percent by 2009 and double its refining size within the next five years to meet with the global demand.
Saudi Arabia, which has a quarter of the world's proven..
The market struggled to digest a drop in oil prices, which fell to a 19-month low near $51 a barrel after OPEC leader in Saudi Arabia said that there might be no need for further production cuts.
Oil prices have fallen about 15 per cent since the...
Crude oil prices are continuously declining. Light sweet crude for February delivery went down 22cents to 56.09 a barrel on the New York Mercantile Exchange. February Brent at London's ICE Futures exchange lost 4 cents at to 55.60 a barrel. ...
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