Opec | Energy-Saving News

Oil Prices Rise Above $60 As The Dollar Continues To Weaken

Posted on 21. May, 2009 by Ross.

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OPEC countries are starting to breathe a little easier as their productions cuts, coupled with the weakening dollar, have seen crude oil prices cease trading above $60 for the first time in six months.
Oil prices had slumped below $40 back in March, but have since seen a strong resurgence through a combination of China building [...]

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Oil Supply Cuts: The Winners & Losers

Posted on 04. Feb, 2009 by Ross.

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As energy shortages drive oil prices upwards once more, developing nations stand to gain and lose the most.
After a series of falls in the price of crude oil, OPEC has been slashing production to try to stabilise - and then substantially increase - the price once more, with US agency predictions expecting oil prices [...]

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Oil Prices To Return To $100 A Barrel By End Of 2009

Posted on 28. Jan, 2009 by Ross.

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Prices of crude oil may rise back up to $100 a barrel this year despite the drop in demand brought on by the current economic downturn. This was the projection from a monthly report released yesterday by the Centre for Global Energy Studies (CGES), based on the Organisation of Petroleum Exporting Countries (OPEC) fully implementing [...]