bloomberg.com - 5/25/2009
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May 24 (Bloomberg) -- Venezuelan Finance Minister Ali Rodriguez said that OPEC is seeking an oil price of $70 a barrel in order to maintain new investments in the industry. Rodriguez, speaking to reporters in Quito, Ecuador, said that sustained low prices could eventually cause prices to rise ...
in.reuters.com - 5/25/2009
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in.reuters.com —
TEHRAN (Reuters) - Iran's OPEC governor said the
oil market was still not in balance and the...
producer organisation's work was "incomplete", the Oil Ministry website SHANA reported on Sunday. The comments by Mohammad Ali Khatibi made clear again that ...
(more)
Iran says still no balance in oil market - report
| ...
nationalpost.com - 5/25/2009
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nationalpost.com —
For the first time, Alberta and the Organization
of Petroleum Exporting Countries have established an official relationship....
It's a new strategy with big implications, including potential investment by OPEC members in Canada's oil sands. The link was ...
(more)
Alberta forges ties with OPEC
bloomberg.com - 5/25/2009
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bloomberg.com —
May 24 (Bloomberg) -- There is a “50
percent chance” OPEC will cut production quotas this week...
as the group seeks to reduce excess supply, a move that could help crude prices rise to more than $70 a barrel, Libya’s top oil official said. “There is a ...
(more)
Libya Says 50% Chance OPEC Will Cut Output at Vienna Meeting
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DrumBeat: May 25, 2009
The Oil Drum - Discussions about Energy and Our Future —
... similarly in new capacity expansion projects, we could see within two-to-three years another price spike similar to or worse than what we witnessed in 2008.”
Alberta forges ties with OPEC
For the first time, Alberta and the Organization of Petroleum Exporting Countries have established an official relationship. It's a new strategy with big implications, including potential investment by OPEC members in Canada's oil sands.
OPEC Is Seeking $70 Oil, Venezuela Minister Says
(Bloomberg) -- Venezuelan Finance ...
DrumBeat: May 25, 2009
The Oil Drum - Discussions about Energy and Our Future —
Is $100 oil coming soon?
It's been a relief while it has lasted. Lower oil prices, that is. But the days of cheaper oil are numbered.
The brief respite from last summer's record-high crude prices, which aggravated the global economic slump, will soon give way to another oil-price spike that may be more painful than the last one.
"The stage is currently being set for oil prices to skyrocket," says U.S. energy analyst David Fessler in the online investment newsletter Investment U. Fessler cites the decline of such super fields as the North Sea, Alaska's North Slope, Mexico's Cantrell Field and Saudi Arabia's Ghawar Field ...
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Fresh Oil Supply Data from EIA Washington
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