A gas OPEC is impossible: Algerian minister
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Algerian Energy Minister Chakib Khelil ruled out the creation of a gas cartel modelled on oil group OPEC, saying it would be impossible to create such an organisation.
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The global oil market is still oversupplied and prices could be higher despite a rally that has taken them above $60 a barrel, OPEC President Edmund Daukoru of Nigeria said on Monday.
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Oil prices will only fall if global conflicts are resolved, the boss of oil producers' organisation Opec says.
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PARIS The Jordanian monarch said in an interview published Tuesday that elections in Iraq are impossible in the current chaos and that he sees no chances of improvement in the short term.
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Saudi Arabia&#39;s Oil Minister Ali Naimi said the kingdom has raised its capacity to 11 million barrels per day. Kuwait&#39;s Oil Minister Sheikh Ahmad Fahad Al Sabah called on OPEC
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ABUJA, NIGERIA - The government of Sudan claimed Friday that US support for rebel groups has made it impossible to reach a compromise in peace talks.
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OPEC kingpin Saudi Arabia on Monday hinted the cartel would not raise either its official production rate or the price band at a ministerial meeting, as the oil price had stabilised.
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VIENNA OPEC oil ministers are meeting on Wednesday in Vienna to consider changes to the group&#39;s formal output ceiling even as crude prices remain high despite the cartel&#39;s efforts to lower them.
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OPEC cannot rule out cutting oil production if oil prices slide further before the producer group meets next Friday, a senior OPEC delegate said on Friday.
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The president of OPEC said yesterday that oil prices are too high to allow a cut in output when it meets this weekend.
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Business & money: Opec under pressure to increase production after warning that prices could peak by end of year.
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The International Energy Agency has said fossil fuels will retain their overwhelming domination of the world&#39;s energy market until 2030 unless governments urgently switch to clean sources.
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The cabinet has yet to deal with how the oil revenue would be shared among various groups in the country.
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ALGIERS, Algeria, Sep 19, 2004 (PANA) -- Algeria&#39;s permanent representative at the United Nations, Abdallah Baali, has said that the North African country abstained from voting on a Security Council resolution last week because the text was not fair to
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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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VIENNA : OPEC ministers gathered in Vienna to talk business, with powerbroker Saudi Arabia saying the 11-member cartel was against a 40-dollar price tag on oil, while admitting it is difficult to reduce.
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The Minister of Energy, Dr. Paa Kwesi Nduom, has said government policy on the subsidy of ex-pump prices of petroleum products would remain unchanged even though crude oil price has topped the psychological milestone of $50 per barrel last Tuesday for the