The president of OPEC, Mr.Jose Maria Botelho de Vasconcelos said Monday (16-11-2009) in Abu Dhabi that the cartel is satisfied with the crude price betweenMr.Jose Maria Botelho de Vasconcelos also mentioned that world demand for crude could rise to 20 million barrels per day and reach the 106 ..
OPEC is trying to contain speculation that has once more started to inflate crude prices; the cartel has increased production at the fastest pace in two years to avoid prices from rising above the $75 per barrel, a price that Saudi Arabia has confirmed as adequate both for producers and ..
As WorldWatch forecast on previous posts the crude price is speculative, both by petrol companies and less honest governments as is the case with Portugal were once more final consumer prices at the pump have become more expensive.The companies involved in this scam are,Galp, Cepsa, BP e Repsol, ..
The Organization of Petroleum Exporting Countries (OPEC) is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela.According to WorldWatch most of these net exporters of oil will face ..
Look at this folks !! Quite fantastic.....