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22 Nov

Era of cheap oil over

Jun. 23 - Saudi Arabia promised to boost oil output, but prices moved higher with analysts saying the era of cheap oil is over. The White House welcomed Saudi’s output increase, but sought to dampen any expectations that it would do much to ease record U.S. gasoline prices. .....

Bury Dagorret June 26

Kuwait to raise oil output by 300,000 bpd next year

Kuwait City - Kuwaiti Minister of Oil Mohamed al-Olaim has pledged that Kuwait would raise its oil production by 300,000 barrels per day by mid-2009 and invest 55 billion dollars on oil projects in the next five years, reports said Tuesday. Kuwait ha... ...


Paulson urges boost in oil output

CANCUN, Mexico (Reuters) - U.S. Treasury Secretary Henry Paulson on Monday urged oil-producing nations to boost their output and warned that soaring energy costs threatened to prolong a U.S. economic slowdown. ...


Saudi Arabia to increase oil output

Saudi Arabia has increased its daily oil production from 9 million barrels to 9.7 million in a move to counter the sharp rise in international oil prices, Saudi King Abdullah said Sunday. ...

0 Comments Bury CNN.com - World Popular june 22

Nigerian militants call ceasefire

The militant group behind major attacks on Nigeria's oil network announces a unilateral ceasefire, beginning on Tuesday. ...


Oil dips on Saudi assurances

PERTH (Reuters) - Oil was slightly lower on Monday after Saudi Arabia said it was ready to increase oil output capacity and Nigerian militants announced a unilateral ceasefire, with Middle East tensions putting a floor under the price. ...


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