OPEC lifts quota but urges increase in refining power

Article Abstract:

Sheik Ahmad Fahad Al Ahmad Al-Sabah, President of the Organization of the Petroleum Exporting Countries has committed to continuing crude oil production so that oil reserves may increase before an anticipated seasonal increase in demand later in the year. However, Mr. Al-Sabah also cautioned that a shortage in oil refinery capacity may undermine this strategy. In response to the Organization of the Petroleum Exporting Countries President's statements oil prices rose sharply to $56 a barrel at the highest point in New York, yesterday.

United States, Government expenditures, Market information - general, Financial management, Commodity & service prices, Organization of Petroleum Exporting Countries, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Middle East, Petroleum & Energy Products, Finance, Prices and rates, Supply and demand, Economic policy, Organization of the Petroleum Exporting Countries, Company financing, Company pricing policy, Sabah, Ahmad Fahad Al Ahmad Al-

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British protesters end oil blockades

Article Abstract:

The article discusses the end of oil refinery blockades by British protesters, who had demanded lower fuel taxes. The protesters claimed a "moral victory" by bringing attention to the issue, yet not winning immediate government concessions. The protest has began to expand for the first time, to the refineries of Germany.

United Kingdom, Germany, Public affairs, Demonstrations and protests

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