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Oil Production

The Feudal Mistake

David Dana | Posted 01.08.2009 | Business

Read More: Mortgage Crisis, Reworking Mortgages, Mortgages, Financial Crisis, Foreclosure, Oil Production, Feudal England, Business News
David Dana

Forcing investors to cooperate in re-working excessively cut-up mortgages is completely consistent with the English and American tradition of property law and property rights.

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OPEC president: Oil cuts likely if no price rally

AP | ALFRED de MONTESQUIOU | Posted 12.09.2008 | Business

Read More: Opec, OPEC Production, Oil Production, Oil Prices, Business News

ALGIERS, Algeria — OPEC nations could further reduce oil output if moves last month to slash production do not bolster plummeting oil prices, OP...

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One Reason Offshore Drilling Won't Lower Gas Prices: OPEC

Josh Nelson | Posted 11.20.2008 | Green

Read More: Gas Prices, Iran, Oil Production, Oil, Oil Prices, Energy Independence, U.S. Oil Production, Iraq, Opec, Qatar, Offshore Drilling, Green News
Josh Nelson

OPEC is acting to immediately stabilize prices in the neighborhood of $70-$90 per barrel. Just eight years ago OPEC tried to keep prices in the $22-$28 range.

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Hurricane Ike Delays Gulf Oil Production Again, Prices Rise

AP | MADLEN READ | Posted 10.09.2008 | Green

Read More: Extreme Weather, Oil, Oil Prices, Oil Production, Gulf Oil, Hurricane Ike, Gulf of Mexico, National Hurricane Center, Green News

NEW YORK — Crude oil prices finished modestly higher Monday, but only after seesawing wildly as nervous traders watched Hurricane Ike approach t...

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US Taps Oil Reserves To Ward Off Shortages Due To Storms

AFP | Posted 10.04.2008 | Green

Read More: Energy, Hurricane Gustav, Oil Production, Tapping Strategic Oil Reserve, Oil, Oil Prices, Energy Production, Strategic Oil Reserve, Green News

LONDON (AFP) - Oil prices fell on Wednesday as the US government decided to release crude stocks from its strategic reserve after Hurricane Gustav ha...

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Iraqi Budget Surplus Of $79 Billion Expected Thanks To Soaring Oil Prices

The New York Times | James Glans | Posted 08.13.2008 | Politics

Read More: Warwire, Oil Production, Oil Industry, Iraq, Iraqi Government, Politics News

The soaring price of oil will leave the Iraqi government with a cumulative budget surplus of as much as $79 billion by year's end an American federal ...

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Saudi Arabia: We Have Increased Oil Production

CNN | Wilf Dinnick | Posted 06.30.2008 | Business

Read More: Saudi Arabia Oil Production, Oil Prices, Gas Prices, Oil Production, Saudi Arabia, Business News

Saudi Arabia has increased its daily oil production to 9.7 million from 9 million barrels in a move to counter the sharp rise in international oil pri...

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US energy chief: Low oil production drives price

AP | Posted 06.29.2008 | Business

Read More: Oil, Oil Production, Oil Prices, Business News

JIDDAH, Saudi Arabia — The U.S. energy secretary said Saturday that insufficient oil production, not financial speculation, was driving soaring ...

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Shell Shuts Down Nigerian Oil Field After Attack

AP | EDWARD HARRIS | Posted 06.27.2008 | Business

Read More: Oil Violence, Movement for the Emancipation of the Niger Delta, African Oil, Oil Production, Oil Industry, Nigerian Oil Field Attack, Shell Nigeria, Royal Dutch Shell, Shell Nigeria Attack, Shell Oil, Business News

LAGOS, Nigeria — Militants in speedboats raided an oil installation off Nigeria's southern coastline on Thursday, forcing Royal Dutch Shell to s...

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Saudi Arabia Plans To Increase Its Oil Output

New York Times | JAD MOUAWAD | Posted 06.21.2008 | Business

Read More: Oil Prices, Oil, Oil Production, Saudi Arabia, Business News

Saudi Arabia, the world's biggest oil exporter, is planning to increase its output next month by about a half-million barrels a day, according to anal...

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G-8 energy chiefs meet as oil soars

AP | JOSEPH COLEMAN | Posted 06.15.2008 | Business

Read More: Oil Production, Oil, Oil Prices, Business News

AOMORI, Japan — Japan's energy chief launched a meeting of ministers from the world's top industrialized nations Sunday by warning that soaring ...

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Gas tops $3.83 as early holiday travelers hit road

AP | JOHN WILEN | Posted 05.30.2008 | Business

Read More: Oil, Crude Oil, Oil Prices, Crude Oil Prices, Oil Production, Business News

NEW YORK — Americans getting an early start on the Memorial Day weekend found that gasoline prices again sprinted to a new record high overnight...

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Bush fails to win Saudi help on gas prices

AP | TERENCE HUNT | Posted 05.24.2008 | Business

Read More: Saudi Arabia, Saudi Arabia Oil, Oil Production, Middle East Oil, Business News

RIYADH, Saudi Arabia — President Bush failed to win the help he sought from Saudi Arabia to relieve skyrocketing American gas prices Friday, a s...

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Exxon Skimps On Oil Production To Boost Profits

BusinessWeek Via MSN | Posted 03.29.2008 | Business

Read More: Oil Production, Exxon, Energy Companies, Weak Economy, Crude Oil Prices, Exxonmobil, Business News

Reports of slackening demand sent oil down another 2.5% on Thursday to $101.84 per barrel. Crude prices have declined 7.6% since the beginning of the ...

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Oil Ends Turbulent Day Higher on Dollar

AP | JOHN WILEN | Posted 03.28.2008 | Business

Read More: Oil Prices, Crude Oil Supplies, $105 Oil, Inflation, Crude Oil, Oil Production, Iran Hostage Crisis, Opec, Light Crude Oil, Business News

NEW YORK — Crude oil futures rose to another record close Thursday, boosted once more by the dollar's continuing slide to new lows against the e...

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Oil Officials: Daily Production Nearing Plateau

Wall Street Journal | RUSSELL GOLD, ANN DAVIS | Posted 03.28.2008 | Business

Read More: Oil Production, Oil Production Limit, Oil Production Plateau, Business News

A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barr...

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