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Crude Oil Analysis for the Week of September 26, 2011
November Crude Oil finished sharply lower this week in a move driven by the U.S. Federal Reserve’s assessment of the economy. On Wednesday, September 21, the Fed stated in its monetary policy committee statement that the U.S. economy faces “significant...
Iran Criticizes Saudi Oil Production Boost, Warns of Price War
Relations between Saudi Arabia and the Islamic Republic of Iran have been stressful ever since the latter’s 1979 revolution.
Crude Oil Drops Below $70 a Barrel
Crude oil fell below $70 on New York’s NYMEX on Thursday after the U.S. said oil reserves had drastically increased prompting OPEC to call an emergency meeting for October 24.
Price of Oil May Stabilize To Prevent Profit Losses – Political Opinion
The Organization of Petroleum Exporting Countries (OPEC) will be meeting to discuss the future of oil tomorrow. Venezuela and Iran will attempt to slow the exportation of this natural resource in a effort to keep prices over $100 per barrel, according...
End to Rising Oil Prices Not in Sight
The prices of crude have reached record levels, but the bad news, analysts say, is they have not peaked yet. John Mitchell, an energy analyst at the London research center Chatham House, tells VOA prices will keep rising unless there is a sharp drop in...
OPEC Blames Weak Dollar And Predicts $170 Per Barrel of Oil
The president of the Organization of Petroleum Exporting Countries (OPEC) Chakib Khelil predicts that prices of world crude oil could reach the US$150 to $170 range per barrel before summer ends.
OPEC President Says Raising Oil Output ‘Illogical’; Oil Prices Surge
The head of the Organization of Petroleum Exporting Countries (OPEC) says increasing oil production is “illogical.” OPEC President Chakib Khelil told the Algerie Presse Service that oil prices have been driven up by speculation and geopolitical...
UAE Earmark $300 Million to Support the Moroccan Energy Sector
The United Arab Emirates (UAE) on Friday granted 300 million US dollars to morocco to mitigate the spiralling oil prices, official sources told APA in Rabat.
