All Posts Tagged With: "Oil Cartel"
Saudi’s Fail In Bid To Slash Oil Price: Here’s Why It’s Time To Buy Oil
The mooted plan by Saudi Arabia to hike oil production in July by 200,000 barrels is marginal. It is not going to have a significant effect on the oil price. I am also not sure if it is true, after all it was UN head honcho Ban Ki Moon who revealed the plan and not the Saudis.
Careful Timing Could Mean Big Profits From The Worlds No.1 Coal Exporter
If you missed out on Indonesia before… don’t fret, because if I’m right, a second bite of the cherry is about to come your way.
Indonesia to Withdraw from OPEC Due to High Oil Prices
Indonesia, the sole Asian member of the Organization of the Petroleum Exporting Countries (OPEC), will withdraw from the oil cartel at the end of this year.
OPEC: No Increase in Production
The oil market is supplied with enough crude.
This is the view of the group’s secretary-general, Abdullah al-Badri, expressed on Saturday during a visit to Iran.
“Oil supply to the market is enough and high oil prices are not due to a shortage of crude but rather it is because of the decrease in the dollar’s value, shortage of refinery capacity and some political tensions in the world,” said a-Badri, according to the Iranian state news agency.
Latest News
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- Resource Stock Roundup Friday, September 5th, 200812:01pm CDT
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- Protest at Tata Plant Evidence of Indian Identity Crisis9:04am CDT
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- And Then There’s This… Thursday, September 4th, 200811:31am CDT
- Resource Stock Roundup Thursday, September 4th, 200811:26am CDT