Middle East peace process puts heat on petroleum prices

Article Abstract:

Saudi Arabia is reluctant to increase oil production to lower world market prices due to the government's displeasure towards the U.S.' policy regarding the peace process in the Middle East.

International economic relations, Saudi Arabia, Brief Article

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OPEC weighs raising its target for oil prices amid recent slide

Article Abstract:

Even as the price of oil falls from record highs set in 2004, there is increasing talk among officials at the Organization of Petroleum Exporting Countries to raise the floor price of crude oil. The increase would raise prices by more than one-third over their present target range of $22 to $28 per barrel. Economists are concerned that such a decision would have a destabilizing effect on the global economy.

Strategy & planning, Government domestic functions, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Executive changes & profiles, Crude Petroleum & Natural Gas, Petroleum refining, Venezuela, Analysis, Planning, Officials and employees, International aspects, Energy policy, Economic conditions, Company business planning, Aims and objectives, Naimi, Ali

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OPEC likely to stand pat on output: chance of a reduction dims, but new focus on stockpiles could keep oil prices aloft

Article Abstract:

The Organization of the Petroleum Exporting Countries, which is meeting next week in Nigeria, plans to decrease output of petroleum if necessary because of large stockpiles of crude petroleum worldwide. This will result in prices remaining high.

Production management, Africa, Cartels

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