Oil cartel ministers looking for price rises this week
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Ministers of the Organisation of Petroleum Exporting Countries expect oil prices to rise this week as they plan to demonstrate that they are serious about implementing
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: The OPEC price band for crude oil should be raised to reflect inflation since 2001 and the falling US dollar, Purnomo Yusgiantoro, Indonesia&#39;s oil minister and secretary general of the Organization of Petroleum Exporting Countries
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Nervous OPEC oil producers on Wednesday  sized up how rapidly this week's ministerial meeting should  rein in a supply surge that has helped drag crude prices down  by a quarter in barely six weeks.
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World oil prices rose on Thursday as OPEC ministers gathering in Cairo raised the prospect of cutting output. New York&#39;s main contract, light sweet crude for delivery in January, climbed 59 cents to 42.53 dollars a barrel.
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Finance ministers from the 12-nation eurozone are to meet for talks clouded by the euro's record surge against the US dollar, which is adding to high oil prices in threatening Europe's fragile recovery.
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NEW DELHI, Oct. 31. - The government today asked oil marketing companies not to hike price of petroleum products for another fortnight.
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The energy regulator OFGEM wants to see any evidence that energy companies are conspiring to raise prices.
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After hovering above $22 for months, cartel looks to adjust range to $28 to reflect soaring prices. SYDNEY  - OPEC may set a new target range for oil prices next week and would like to see crude down
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World oil prices ticked up from a  three-month low on Monday as traders looked for OPEC to take  action to stem a slide which knocked 14 percent off crude  prices last week.
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OPEC oil producers meeting on Sunday are  debating what advance measures they can put in place to head  off a potential price drop after the northern winter, cartel  ministers said on Saturday.
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New Delhi, Oct. 31(NNN): As international oil prices continued to soar, petrol and diesel prices are likely to be hiked from Monday (November 1).
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WASHINGTON &#151; Oil prices charged toward $50 a barrel yesterday, and gasoline prices surged to $1.92 a gallon last week, as petroleum output in the Gulf of Mexico returns at a slower-than-expected rate after Hurricane Ivan, and geopolitical unrest keeps traders on edge.
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Watch out at the gas station this weekend. Oil and gasoline prices bounced back up this week. Crude oil prices neared $49 a barrel Friday, capping a rise of 7 percent for the week, as
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Oil prices charged toward $50 a barrel Monday, and gasoline prices surged to $1.92 a gallon last week, as petroleum output in the Gulf of Mexico returns at a slower-than-expected rate after Hurricane Ivan and geopolitical unrest keeps traders on edge.
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Nervous OPEC oil producers on Wednesday sized up how fast this week&#39;s ministerial meeting should rein in a supply surge that has helped drag crude prices down by a quarter in barely six weeks.
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Cartel may act to stem crude price slide; Nigeria unrest, attack on US consulate also weigh. SINGAPORE  - World oil prices bounced from a three-month low Monday as traders looked for OPEC to take
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LOS ANGELES -- Gasoline prices have climbed nearly 8 cents a gallon in the past two weeks because of record-high crude oil prices, and they are likely to continue rising, an industry analyst said yesterday.