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Tag: opec
Oil falls below $92 on high supplies, OPEC output
2013-06-01 03:50:20| Energy - Topix.net
The price of oil fell 2 percent to its lowest level in a month after OPEC stuck to its current production target despite ample supplies of crude.
Tags: high
supplies
oil
output
How the OPEC Cartel Undermines American Consumers and Business Operations
2013-05-07 10:20:06| Air Courier - Topix.net
If oil prices across the globe don't seem to square with what one would expect in a free market system, there's a reason for that.
Tags: business
american
operations
consumers
Today's oil prices drop as OPEC forecast lowers oil outlook
2013-04-11 01:00:00| Offshore Technology
Oil prices dropped today, after forecasters lowered the outlook for global oil demand growth and also due to US crude stocks rising to their highest level in two decades.
China to Surpass U.S. as Worlds Top Crude Importer, OPEC Says
2013-04-02 13:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: China is on course to overtake the U.S. as the worlds top crude importer by 2014, as the Asian countrys growing refining capacity boosts demand and Americas fracking boom cuts the need for foreign oil, OPEC said today. Imports to China may surpass 6 million barrels a day by the end of this year, according to an e-mailed report from the Organization of Petroleum Exporting Countries. U.S. oil imports declined 21 percent last year, according to the U.S. Energy Information Administration. Shipments...
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