Archive for the ‘Opec’ Category
Saudi Bid For 'QE3′ Quashed By OPEC Discord
Written by on June 8, 2011AP Oil prices climbed above $100 per barrel Wednesday after OPEC unexpectedly announced that it will keep production levels where they are. Gasoline lost 1.32 cents to settle at $2.9787 per gallon. Heating oil picked up 1.67 cents to settle at $3.0937 Read more about oil, OPEC. Fuel accounts for nearly a third of airlines' [...]
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Written by on June 8, 2011By Simon Falush LONDON (Reuters) – Oil prices jumped by $2 on Wednesday after OPEC failed to reach a deal to increase output, raising fears of supply shortages later this year and a price rally that could damage global economic recovery. One OPEC delegate to the meeting in Vienna said that Iran, Venezuela and Algeria [...]
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