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In a surprise decision, OPEC cuts oil output - SummaryVienna - The Organization of the Petroleum Exporting Countries (OPEC) decided early Wednesday to cut its output by around 520,000 barrels a day - contrary to earlier indications - in a bid to stem falling oil prices. The cartel said the market was ov... ... |
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Iraq economic outlook 'improves'Iraq's economic prospects have improved, thanks to better security, increased oil output and exports, says an IMF review. ... |
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Oil gains over $1 as Gustav shuts U.S. outputPERTH (Reuters) - Oil prices rose more than $1 on Monday after energy firms in the U.S. Gulf shut down nearly all offshore oil output and a host of flood-prone coastal refineries ahead of Hurricane Gustav, the biggest threat since 2005's devastating Katrina. ... |
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Saudis to pump oil at fastest rate in decadesSaudi Arabia to boost oil output next month to the fastest rate in decades, UN chief says. ... |
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Iraq oil output, exports hit post-war highIraq has raised oil exports to a post-war high, earning billions of dollars to fund reconstruction after Baghdad cracked down on sabotage of its strategic pipelines, ... |
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Saudi oil output boost doesn't solve problem: BushUS President George W Bush says he is pleased with a boost in Saudi oil output but it does not solve problems in the US. ... |
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