Venezuela seeks OPEC allies

Article Abstract:

Venezuelan President Hugo Chavez is planning to request Organization of Petroleum Exporting Countries (OPEC) to set long term global oil prices at $50 per barrel in 2006, ensuring the continuation of the current high oil price environment. Current average market levels are around USD65 per barrel, but setting the target reserve price at USD50 per barrel would lock in substantial profits for oil-producing countries.

Organization of Petroleum Exporting Countries, Management dynamics, Venezuela, Management, Organization of the Petroleum Exporting Countries, Company business management, Chavez, Hugo

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Saudi Arabia faces long-term insecurity

Article Abstract:

The maintenance of stability in Saudi Arabia is crucial to both short-term oil pricing as well as long-term ability of the oil markets to meet rising global demand. The eswing-producerE capacity is used to lower oil prices and reduce impacts of supplier instability in the world.

Saudi Arabia, Capacity, Economic aspects

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