by | Oct 15, 2010 | Towing
Some OPEC members want oil prices to rise to $100 a barrel to offset the decline in the dollar.
The value of the dollar, which has slipped 13% since June against major world currencies, means that the “real price” of oil is about $20 less than current levels, Venezuela’s Energy and Oil Minister Rafael Ramirez said after Thursday’s OPEC meeting in Vienna.
Sponsored Links
OPEC, which accounts for…
Continue reading Some OPEC Members Push for $100 a Barrel Oil
Some OPEC Members Push for $100 a Barrel Oil originally appeared on DailyFinance on Fri, 15 Oct 2010 07:57:00.
Filed Under: Energy, Technology, Green, Market News
by | Oct 14, 2010 | Towing
Republicans can be friendly to solar energy — just don’t use the terms “recovery act” or “stimulus package” when lobbying them for government subsidies. That was the message from GOP political adviser Mary Matalin at the large…
by | Oct 14, 2010 | Towing
The Organization of the Petroleum Exporting Countries will leave oil output unchanged, a delegate at the group’s current meeting told Reuters. Oil ministers apparently are not worried the weak dollar will drive up the price of …
by | Oct 14, 2010 | Towing
Occidental Petroleum (OXY) has promoted Chief Operating Officer Stephen Chazen to the position of CEO, effective next May.
Chazen will replace Ray Irani, who will continue as full-time executive chairman, the company said in a statement.
Sponsored Links
“Steve is a proven leader who has been an integral member of the senior management team for many years, and I am confident that he will continue…
Continue reading Occidental Petroleum Names Stephen Chazen as CEO
Occidental Petroleum Names Stephen Chazen as CEO originally appeared on DailyFinance on Thu, 14 Oct 2010 09:03:00.
Filed Under: Energy, Company News, Technology, People, Green
by | Oct 13, 2010 | Towing
World demand for oil will increase in the final months of 2010, but will be lower than expected in 2011, The International Energy Agency said.
The IEA cut its forecast for 2011 demand to 1.21 million barrels per day, from 1.27 million bpd, Reuters reported. The agency also increased its estimate for 2010 by 260,00 bpd, citing factors such as heating oil restocking.
Sponsored Links
“The market…
Continue reading World Oil Demand Will Be Lower Than Expected in 2011
World Oil Demand Will Be Lower Than Expected in 2011 originally appeared on DailyFinance on Wed, 13 Oct 2010 08:30:00.
Filed Under: Energy, Economy, Green
