US calls for oil producers to pump more oil
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US Energy Secretary Samuel W. Bodman ahead of an OPEC meeting next month urged oil-producing states on Monday to pump more crude to ease pressure on prices.
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Declaring that high oil prices are a threat to the global economy, the world&#39;s industrialized countries urged producers Friday to provide price relief by boosting supplies.
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Militants behind attacks on Nigeria's oil infrastructure have asked the United States and President Bush to mediate to try to end a crisis that has seen foreign workers kidnapped and cut output of Africa's biggest producer.
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OPEC dismissed further calls to boost oil output from top consumer the United States, saying the global market is well supplied and the producer group has little control over oil prices near $90 a barrel.
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RIYADH, Saudi Arabia, Jan. 15 -- With oil prices hovering around $90 a barrel, President Bush on Tuesday urged oil-rich countries to raise their output, but Saudi Arabia's oil minister said the world's largest producer would do so only "when the market justifies it."
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The Group of Seven industrial nations called on oil-producing states to provide ``adequate supplies&#39;&#39; and Asian nations to loosen currency pegs to help sustain the strongest world expansion in three decades.
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The world's top finance officials on  Friday asked oil-producing nations to step up output and agreed  it was crucial to work out exactly why prices have soared to  levels that threaten global growth.
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The US is to put more funding into energy research, especially the development of ethanol, to end its reliance on oil, President George W. Bush said in an interview.
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To ensure affordable and reliable  energy supplies in the future, the United States needs to  diversify its global oil supplies, expand a world network of  strategic petroleum reserves and significantly boost vehicle  fuel standards.
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In an attempt to prove it can still influence the global oil market, OPEC boosted its production target by 1 million barrels a day and began lobbying oil producers that aren&#39;t part of the cartel to follow suit.
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Appealing to Saudi Arabia to  encourage higher oil production to help lower prices is not in  the long-term interest of the United States, Republican  presidential candidate Fred Thompson said on Wednesday.
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Oil ministers of Opec countries say they have the capacity to pump more oil after crude prices hit fresh highs last week.
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John Snow, United States&#39; Treasury secretary, yesterday said the US government had told the Russian government that the world needed Yukos to keep pumping oil.
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OPEC took the unprecedented step of  urging the United States to tap its emergency crude reserves to  bring down world oil prices.
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OPEC&#39;s president said yesterday the United States should tap into its emergency petroleum reserve to help lower oil prices. &quot;We have asked [the United States] to use their oil reserves
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Kuwaiti FM says his country is producing oil at maximum capacity to try to stabilise oil prices. NEW DELHI - Kuwait&#39;s foreign minister said Wednesday his government was pumping crude to maximum capacity to
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Kuwait on Tuesday called on OPEC to raise official oil production quotas by a token 500,000 barrels a day to help further calm world oil markets.