If oil-crunched Indonesia goes nuclear…
Official figures published in Jakarta last month show Indonesia became a net importer of crude oil for the first time in February and March.
Michael Richardson
OPEC Raises Quota; Not Much More Oil May Flow
The Organization of the Petroleum Exporting
Countries agreed on Thursday to increase its production quotas by two million barrels a day, or 8.5 percent, effective July 1. Analysts said the problem with OPEC’s move was that it would not add
any new oil to the market.
Bush and the Axis of Oil
The U.S. animosity toward the Islamic Republic of Iran became evident again when a top U.S. diplomat underlined Tuesday Washington’s opposition to a French-backed plan which, if realized, would see a pipeline built from Kazakhstan to Iran to export the massive oil reserves underneath the Caspian Sea.
Russia: Oil production to be flat in 2005
Russia’s oil production will probably stay flat or even drop in 2005, a top Russian energy official said Friday.
Iraq receives $800m to boost crude production
Iraq’s new Oil Minister Thamer Ghadban welcomed yesterday the injection of $800 million from the US-led coalition to achieve his main goal of hiking production.
Iraqi PM tells nation occupation forces must stay
BAGHDAD – Iraq’s new prime minister told the nation that U.S-led coalition troops should remain even after the June 30 handover of power to an Iraqi government.
Once seen as an alarmist fear, an attack on key Saudi oil terminal could destabilise west
Saudi Arabia is the linchpin for world crude supplies, a key to setting prices and yet sitting on a political tinderbox due to internal dissent and having trouble securing itself against terrorism.
LUKoil discovered five offshore fields
Russian oil major LUKoil announced reserves in Russia’s sector of the Caspian Sea may compose total 33 billion barrels of oil equivalent.
Impressions from Berlin
A report from Alaskan oil and gas consultant Roger Herrera on the ASPO Peak Oil Conference in Berlin.
OPEC to increase oil production, members to be able to pump at will
OPEC ministers said yesterday that they will increase oil production, allowing members to pump at will and bypass the quota system that has governed supplies for most of the past two decades.
Black Gold: Controlling Global Oil
Peak oil on Democracy Now
Book Review – The Oil Factor
Investors face a turbulent new era in which oil prices will soar and the economy will face a severe energy crisis according to Stephen Leeb.
