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Oil Prices Hit Another Record High Above $142
World oil prices surged to fresh record highs above $142 a barrel Friday as Asian share prices plunged. A sell-off in Asia followed Thursday’s steep three-percent decline in U.S. stocks. U.S. shares posted mixed results in Friday’s afternoon...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...Oil Price Spikes to $138 a Barrel Shows a Market Out of Control, Says Consumer Watchdog
The price of crude oil jumped $11 a barrel on Friday to $138, mostly on the ginning up of news that has nothing to do with current supply and demand, said Consumer Watchdog. The spike followed a prediction by investment bank Morgan Stanley that oil would...Rising Fuel Prices Threaten Namibia’s Fishing Industry
Rising fuel prices and high interest rates, coupled with stagnant fishing quotas will further plunge Namibia’s fisheries sector, which was showing signs of recovering, into the doldrums.Future Shock? The Price of Summer At $200 Per Barrel
Summer vacation season began this past weekend, just as oil prices approached $130 per barrel. What’s more, oil investor T. Boone Pickens told CNBC recently that he thinks “we’ll get to $150 this year.†With oil on its way to $200...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.Gambia Government Increases Fuel Prices
The Gambian ministry of Finance and Economic Affairs has announced an upward revision of fuel prices with effect from Tuesday, says a press release issued by the ministry in Banjul.
