- The oil weapon: can it be usedtoday?
In 1973 the Arab oil-exporting countries stunned the world by announcing that they were cutting oil production and placing an oil embargo on the United States and the Netherlands. Now, 35 years later, fears about the security of oil supplies are provoking concern that Iran or a similarly hostile country ......
- Crude market lacks catalyst until OPEC
gathering.
A recent Financial Times editorial inadvertently compared May's Arab summit to the upcoming meeting of the Organization of Petroleum Exporting Countries (OPEC) when it said, "One of the objectives that Arab leaders periodically set for themselves at such conferences is to improve worldwide understanding of their cause. More often than ......
- Oily business
HEADNOTE There is much speculation that a campaign against Saddam Hussein is really about oil. But years of effort and investment would be needed to make the oil flow. Iraq's traditional trading partners are there for the long haul and that may bring their military support too. IMAGE ILLUSTRATION 1 ......
- Oil Shipping Costs Are Rising: Overview & OPEC
Prospects.
The average 2002 price of Brent, the main marker for crude oils trading across the globe, was about $25/b. In recent weeks oil prices rose as a result of a crippling strike in Venezuela. Brent averaged $26/b in the past two years and $18.50/ barrel in the 1990s. In 2002 ......
- Saudis threatening to block dolphin
pipeline.
Bloomberg Business News reported on July 11 that Saudi Arabia may block the $3.5 billion pipeline backed by Occidental Petroleum Corp., Total SA and a partner that would carry Qatari natural gas to the United Arab Emirates. The undersea pipeline crosses Saudi territory and "cannot be constructed without the ......
- The Clumsy Cartel.
OPEC's Uncertain Future Since 1970 the world price of crude oil has been both high and unstable. The price-setter, the Organization of Petroleum Exporting Countries (OPEC), whose members include the United Arab Emirates, Algeria, Indonesia, Iran, Iraq, Kuwait; Libya, Nigeria, Saudi Arabia, and Venezuela, has since 1980 followed a bumpy ......
- The clumsy cartel
HEADNOTE OPEC's Uncertain Future Since 1970 the world price of crude oil has been both high and unstable. The price-- setter, the Organization of Petroleum Exporting Countries (OPEC), whose members include the United Arab Emirates, Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, and Venezuela, has since 1980 followed ......