Mark Shenk

OPEC oil output drops gradually in January

Crude-oil production by the Organization of Petroleum Exporting Countries (OPEC) fell 1.2 per cent in January, led by declines in Iraq and Saudi Arabia, a Bloomberg survey showed.

February 6, 2005

Boone Pickens doesn’t expect drop in oil prices

Crude oil prices are likely to stay near the record $55.33 a barrel reached this week in New York because global supplies of the raw material are peaking, Dallas oil investor Boone Pickens said.

October 20, 2004

Crude Oil Rises on Concern More Saudi Output Won’t Meet Demand

Crude oil futures rose on concern that a promised Saudi Arabian production rise and any Organization of Petroleum Exporting Countries quota increase at a meeting next week won’t meet rising demand.

May 23, 2004

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