petroleum exporting countries

OPEC Leader Issues Warning About Iran and Oil Supply

Thu, 10 Jul 2008 20:53:19 -0500

The head of the Organization of the Petroleum Exporting Countries warned that oil prices would experience an “unlimited” increase in the event of a military conflict involving Iran.

US Says OPEC To Earn Almost $1 Trillion From Oil This Year

Mon, 14 Apr 2008 05:32:14 -0500

Net oil export earnings from the Organization of the Petroleum Exporting Countries were forecast to soar 45 percent from last year's record $676 billion to $980 billion this year and then fall to $880 billion in 2009, when oil prices are expected to be lower, the Energy Informati …

Crude rallies to new high of $104.56 as inventories fall - Marke...

Wed, 05 Mar 2008 11:59:48 -0600

Crude-oil futures surged more than $5 to surpass $104 a barrel Wednesday for the first time ever, rallying anew after data showed U.S. inventories fell unexpectedly and after the Organization of Petroleum Exporting Countries decided to keep its production levels unchanged.

Libya: OPEC to Keep Production Unchanged

Sun, 02 Mar 2008 13:20:04 -0600

The Organization of Petroleum Exporting Countries is set to hold current production levels unchanged at a meeting this week as it continues to gauge the state of the global economy, the head of Libya's oil industry said Sunday.

OPEC talk sparks crude rally; gasoline touches historic high - M...

Tue, 19 Feb 2008 13:52:19 -0600

SAN FRANCISCO (MarketWatch) -- Crude-oil futures surged more than $4 Tuesday, to surpass the $100 a barrel mark for the second time this year, as concerns that the Organization of Petroleum Exporting Countries may cut production boosted prices.