OPEC asks US to release emergency stocks
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The president of the Organization for Petroleum Exporting Countries (OPEC) asked the United States to release some of its emergency oil stocks.
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Saudi Arabia is urging global oil stocks be increased before the world&#39;s crude oil cartel consider cutting output. Members of the Organization of Petroleum Exporting Countries
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Tony Blair was being asked today to call an emergency meeting of the G-8 industrial nations to discuss their response to Asiaâs tsunami disaster.
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TORONTO (CP) - Stock markets were stuck in the red Monday morning as a boost of almost $1 US a barrel in the price of oil over renewed militancy in the Mideast and the possible outcome of an OPEC meeting later in the week pushed buyers to the sidelines.
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ENERGY Secretary Vincent Perez urged oil companies to cut their retail prices in two weeks following the Organization of Petroleum Exporting Countries&#39; (OPEC) decision to raise production quotas by a million barrels a day starting November 1.
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Oil prices sank under 90 dollars on Wednesday as traders seized on rising US crude reserves and after US President George W. Bush called on OPEC to increase output to help cut the cost of energy.
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The world&#39;s top finance officials on Friday asked oil-producing nations to step up production and agreed it was crucial to work out exactly why prices
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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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OPEC took the unprecedented step of urging the United States to tap its emergency crude reserves to bring down world oil prices. Purnomo Yusgiantoro, the president of the
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The Bush administration said Thursday it is weighing a request from several U.S. refiners to borrow crude oil from the nation's emergency stockpile to help offset supply disruptions along the Gulf Coast from Hurricane Ivan.
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JAKARTA: Opec wants a faster retreat in oil prices and will discuss whether to raise its official oil output ceiling at its September 15 meeting, cartel president Purnomo Yusgiantoro said on Thursday.
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NEW YORK, September 16 (New Ratings) - The Organization of Petroleum Exporting Countries (OPEC) has decided to raise its official crude oil output quota by 1 million barrels per day, effective from November 1 this year.
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The Bush administration announced Thursday it would provide US refineries with &quot;limited quantities&quot; of crude oil from the nation&#39;s emergency stockpile to help offset supply
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LONDON Crude oil fell from a record high in London on Thursday on speculation the United States may use oil from its emergency stockpiles to keep refineries running after Hurricane Ivan curtailed supplies from the Gulf of Mexico.
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PLEAS FOR OIL: President Bush warned Tuesday that surging oil prices threaten the U.S. economy and urged OPEC nations to boost their output. His plea drew little sympathy from oil-rich Saudi Arabia, which said production levels appear normal.
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Iran on Saturday reiterated its call for  OPEC to pull supply back down to official quota levels and  mapped out a way to fund a long-promised production hike, a  newspaper reported.
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&quot;We have asked them (the United States) to use their oil reserves to help cool down the prices,&quot; OPEC President Purnomo Yusgiantoro, who is also Indonesia&#39;s minister of energy and mineral resources, told reporters.