OPEC agrees to make automatic increase in oil output ceiling
OPEC hopes to put a lid on stubbornly high crude prices by adding a half million barrels a day to its targeted output.
OPEC hopes to put a lid on stubbornly high crude prices by adding a half million barrels a day to its targeted output.
Canada will boost oil production 38 percent to 3.6 million barrels a day by 2015 amid higher oil- sands output, according to the nation’s oil producers.
Bolivians will decide Sunday how to develop the nation’s huge natural gas reserves in a referendum that is vital for President Carlos Mesa as he battles to stave off a revolt by indigenous Indians.
Andrew McKillop is in California to promote his book, ‘THE FINAL ENERGY CRISIS,’ published by Pluto Press and the University of Michigan Press, based on an outline first invited and accepted by the publishers in June 2001.
The oil industry has lavished more than $440 million over the past six years on politicians, political parties and lobbyists in order to protect its interests in Washington, according to a new report by the Center for Public Integrity.
The United States, keen to develop new sources of oil supply outside the Middle East, has offered to help Nigeria protect the flow of oil in the Gulf of Guinea and combat terrorist attacks on the oil industry, officials said.
Rivalry for energy, especially oil, between China and Japan on a global scale is unavoidable. From a Japanese perspective, the emergence of a strong and prosperous China is not a pleasant thought.
The crew of a Hong Kong-registered oil tanker refused to dock in the Iraqi oil terminal of Basra out of fears of terror attacks, the company that owns the ship said Tuesday.
The petrol consortiums and to some extent the governments of Bolivia, Argentina and Chile have woven a tapestry of distortion and cover-ups to hide crucial elements in the United States strategy of forced appropriation of Latin American natural resources.
Population growth and energy demand are exhausting the world’s fossil energy supplies,
some on the timescale of a single human lifespan. Increasingly, sharing natural resources
will require close international cooperation, peace, and security.
“Americans are paying the ultimate price for the oil on Ford’s hands, and today’s protest marks a tipping point in the grassroots movement for an automotive energy revolution.”
The world’s dependence on OPEC’s oil is expected to increase again next year, supporting cartel efforts to keep prices high as robust demand growth outpaces non-OPEC output, a Reuters survey found on Monday.