An oil price of $50 per barrel is too low for OPEC producers to invest in production and non-member countries, including Russia, should cut output to help boost prices, OPEC's secretary general said Sunday.
Opec Chief Says Oil Prices Are Too Low
Business and financial news - CNNMoney.com, CNN: Business
Sun, 04/26/2009 - 9:44am
Topics: oil oil prices opec
RELATED ARTICLES
- Keystone XL pipeline to be delayed
TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More - Drivers benefit as oil prices drop sharply
A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More - Nigeria tycoon 'plans $8bn refinery'
Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More - Exxon CEO's Compensation Rises to $40.2 Million
Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million. More - GE to buy oil pump maker Lufkin for nearly $3 billion
General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday. More
BING NEWS:
- OPEC Secretary General issues heavenly message at COP29
Breaking from the general sentiment at the COP29 climate summit in Azerbaijan, which seeks to accelerate the phaseout of fossil fuels, OPEC Secretary General Haitham Al Ghais declared oil and natural ...
11/20/2024 - 9:25 am | View Link - How Saudi Arabia could create a crisis for Russia's economy
An icon in the shape of a lightning bolt. Impact Link Russia's wartime economy could face a tougher time securing needed oil revenue if Saudi Arabia tanks global crude prices. The kingdom has ...
11/20/2024 - 3:57 am | View Link - Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
Trump’s goal to increase US oil production — by making fracking more accessible with open drilling permits and by expanding fracking areas — likely won’t have a major impact on demand, which has ...
11/18/2024 - 4:06 am | View Link - Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
But if the price goes too low, OPEC could cut its own production to keep prices higher, said the report. Or it could keep pumping oil to send prices lower and force some US producers out of ...
11/18/2024 - 12:50 am | View Link - Oil demand to fall to 80-100 million bpd by 2035, says BP's US chief economist
World oil demand will amount to around 80-100 million barrels per day by 2035 in a net zero environment, chief U.S. economist at BP, Michael Cohen told attendees at an energy conference hosted by the ...
11/15/2024 - 2:32 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more