oil production

OPEC head: oil production cuts unlikely this month

Sun, 16 Nov 2008 08:50:43 -0600

The head of OPEC says oil output reductions aren't likely this month because the cartel hasn't yet fully enforced previous quotas or collected all current production data.

Oil chiefs warn of price spike if investment wanes

Mon, 03 Nov 2008 10:32:06 -0600

Oil executives and political leaders told a major petroleum conference Monday that the era of cheap energy is over, and warned of another price spike if investment in oil production is curtailed.

Iran discusses more OPEC production cuts

admin — Sun, 26 Oct 2008 14:43:58 -0500

Iran's OPEC governor says the organization may consider another cut in oil production due to a glut in the market.

OPEC Orders Cut in Oil Production

Sat, 25 Oct 2008 02:00:10 -0500

OPEC ordered a cut in oil production Friday of at least 1.5 million barrels a day. The reduction, announced at an emergency meeting here, will come into effect on Nov. 1, according to Ali al-Naimi, Saudi Arabia’s oil minister.

OPEC slashes production; crude continues to tumble

Fri, 24 Oct 2008 06:17:22 -0500

OPEC said Friday it will slash oil production by 1.5 million barrels a day to stop tumbling crude prices, but the cost for a barrel of crude plummeted 7 percent to prices last seen in June of 2007.

OPEC Orders Cut in Oil Production

Fri, 24 Oct 2008 06:17:10 -0500

The OPEC cartel ordered a cut in oil production of at least 1.5 million barrels a day. After the statement, the price for Brent crude dropped below $63 a barrel.

A look at Russian oil efforts

Fri, 12 Sep 2008 16:13:26 -0500

Key issues behind Russia's effort to increase oil production:

Russia tries to raise oil production

Fri, 12 Sep 2008 16:12:21 -0500

Home to abundant oil reserves, Russia rarely worried about where the next barrel would come from — until now.

OPEC considers cutting oil production

Sun, 07 Sep 2008 13:34:09 -0500

With oil prices off nearly 30 percent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago — cutting back output to prop up the price of crude.

Should The Government Just Hi-jack The U.S. Oil Companies and Ta...

Sun, 24 Aug 2008 12:11:04 -0500

Big oil has hi-jacked the American consumer with high gas prices and record profits. Should our government just send out the military, take over ALL gas and oil production in the U.S., then redistribute the commodity at a reasonable price... where it should be?