Since 2000, the world's economy began to shocks, the US-led economy began a sharp decline, while the more subtle point is that the world economy will also affect oil prices by the Middle East, in this, the macro-economy to OPEC Oil Price as the main core. Dragged down by weakness in the international macroeconomic data, Petroleum Exporting Countries oil prices continued to fall last week Read More...
Kuwait City news: Fourth Round Table of Asian energy ministers held in Kuwait on 18, nearly 30 Asian countries and international organizations attended. At the meeting, Saudi Arabia, UAE, Kuwait and other countries of the officials have increasingly higher oil prices as "cool." Saudi Arabia's official news agency quoted the Saudi Minister of Petroleum and Mineral Resources Ali Naimi as saying: "Saudi Arabia has enough capacity to meet the needs of the international oil market, the current international oil market has been in oversupply situation Read More...
Petroleum Exporting Countries (OPEC) basket of crude oil average price of market supervision and a new high last week. 11, according to OPEC data released by the Secretariat, OPEC weekly oil prices last week reached $ 117.39 a barrel. This is the OPEC weekly oil prices since July 2008 the highest level since the last week Read More...
On September 14 in Vienna Organization of Petroleum Exporting Countries (OPEC) Secretary-General Baddeley, said represented as an fossil fuels in the foreseeable future the oil will remain the world's leading energy. The oil reserve in the dominant OPEC member countries and the world other countries is enough to meet future world energy needs for 50 years Read More...
Organization of Petroleum Exporting Countries (OPEC) Secretariat published data 30, OPEC crudes average price last week fell to 70.88 U.S. dollars a barrel for the third straight week of decline. Although last Wednesday, the OPEC oil price rebound, but the first two days of decline in oil prices, dragging down oil prices continue to decline OPEC week Read More...
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