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Latest Kuwait OPEC News

  • Oil rallies to new high near $128 16 May 2008 14:51 GMT
    ... since the earthquake on Monday in China," said Robert Laughlin at MF Global. The Organization of the Petroleum Exporting Countries (OPEC) has repeatedly said high oil prices have been driven by factors other than supply ...

  • Bush To Prod Saudis Again On Oil Prices 16 May 2008 13:33 GMT
    ... Learn about the people, economy and history. (CBS/AP) President Bush, on a one-day visit to ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Crude contract rallies, trades above $127 a barrel for first time 16 May 2008 13:32 GMT
    ... world's largest oil producer, has topped its Organization of the Petroleum Exporting Countries output quotas for six straight months, flying ... prices. In its monthly report released Thursday, OPEC said Saudi Arabia produced 9 million barrels ...

  • Futures Movers: Crude contract rallies, trades above $127 a barrel for first time 16 May 2008 13:30 GMT
    ... world's largest oil producer, has topped its Organization of the Petroleum Exporting Countries output quotas for six straight months, flying ... prices. In its monthly report released Thursday, OPEC said Saudi Arabia produced 9 million barrels ...

  • Bush To Prod Saudis Again On Gas Prices 16 May 2008 12:53 GMT
    ... Learn about the people, economy and history. (CBS/AP) President Bush, on a one-day visit to ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Oil price surges to record high above $127 16 May 2008 12:52 GMT
    ... Oil price surges to record high above $127 LONDON (AFP) - The price of oil rocketed ... weakness, supply growth is also not there. OPEC continues to restrain supply and production in ...

  • Oil hits new record high above $127/bbl in New York 16 May 2008 12:51 GMT
    ... > > > Oil hits new record high above $127/bbl in New York Oil hits new record high above ... to extra crude in the market, with Opec's de facto leader consistently arguing record prices ... a result of lack of supply. The Organisation of the Petroleum Exporting Countries' Monthly Oil Market Report on Thursday pointed ...

  • Bush in Saudi to press king on oil and Iran 16 May 2008 12:28 GMT
    ... RIYADH (Reuters) - President George W. Bush arrived in Saudi Arabia on Friday to renew ... growing influence. "We do count on the OPEC countries to keep adequate supplies out there, ...

  • The New York Times' Pious Pontifications at the Pump 16 May 2008 11:41 GMT
    ... On May 12 upon reading Paul Krugman bizarre Op-ed' "The So-Called Oil Bubble" they must have ... his whitewash of a corrupted market (our OPEC friends, were they American or chargeable under ...

  • Bush in Saudi Arabia to discuss oil 16 May 2008 11:39 GMT
    ... When Bush met with King Abdullah in mid-January, the president asked Saudi Arabia to raise production ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Ethanol not responsible for inflation 16 May 2008 11:39 GMT
    ... This letter is in response to the May 11 story in the Blade, "Ethanol opponents making hay with ... that prices are high not because of OPEC's supply of oil but because of the ...

  • CORRECTION: Bush to press Saudi king on oil prices and Iran 16 May 2008 11:34 GMT
    ... RIYADH (Reuters) - President George W. Bush arrived in Saudi Arabia on Friday to renew ... growing influence. "We do count on the OPEC countries to keep adequate supplies out there, ...

  • Blame Congress for increases 16 May 2008 11:30 GMT
    ... We're all outraged over the rising price of gasoline. So who's to blame for this ...

  • Oil moves higher on dollar weakness, tight distillate stocks UPDATE 16 May 2008 11:26 GMT
    ... > > > Oil moves higher on dollar weakness, tight distillate stocks UPDATE Oil moves higher on dollar ... pleas to fall on deaf ears as Opec's de facto leader has consistently said there ... is enough crude in the market. The Organisation of the Petroleum Exporting Countries' Monthly Oil Market Report yesterday pointed to ...

  • No peak: Why oil prices will fall again 16 May 2008 11:21 GMT
    ... ESSAY- No peak: Why oil prices will fall again Oil prices have climbed to their highest level ... of the Organization of Petroleum Exporting Countries (OPEC), Chakib Khelil, was correct when he said ...

  • OPEC crude price inches up towards $119 mark 16 May 2008 11:20 GMT
    ... OPEC crude price inches up towards $119 mark ... price for crude oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) climbed 18 cents Thursday, OPEC said ...

  • Bush finishes Israel trip, heads to Saudi Arabia 16 May 2008 10:46 GMT
    ... Bush finishes Israel trip, heads to Saudi Arabia President to meet with King Abdullah and seek ... meeting with the monarch. U.S. influence over OPEC diminishes Anthony Cordesman, a security analyst for ...

  • 7:44pmBush to press Saudi King on oil cost 16 May 2008 10:39 GMT
    ... US President George W Bush headed to Saudi Arabia today to renew his appeal to help ... rebuff the President's face-to-face call to get OPEC pumping more oil to world markets. Since ...

  • Riyadh: Bush to press Saudi King on oil cost 16 May 2008 10:39 GMT
    ... US President George W Bush headed to Saudi Arabia today to renew his appeal to help ... rebuff the President's face-to-face call to get OPEC pumping more oil to world markets. Since ...

  • Bush, Saudis to discuss soaring gas prices 16 May 2008 10:38 GMT
    ... Bush, Saudis to discuss soaring gas prices In this photo released by the Israeli Government Press ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Bush wraps up 2-day Israel visit 16 May 2008 10:38 GMT
    ... (AP) JERUSALEM - President Bush put the finishing touch on his celebrate-and-be-celebrated Israel stay, leaving ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Bush to Speak to Saudi King About Oil Prices 16 May 2008 10:36 GMT
    ... Bush to Speak to Saudi King About Oil Prices Ending a three-day trip to Israel, Bush took ... rebuff the president's face-to-face call to get OPEC pumping more oil to world markets. RIYADH ...

  • Bush to press Saudi King on oil cost 16 May 2008 10:35 GMT
    ... US President George W Bush headed to Saudi Arabia today to renew his appeal to help ... rebuff the President's face-to-face call to get OPEC pumping more oil to world markets. Since ...

  • Florida, Michigan delegates cannot save Clinton 16 May 2008 10:33 GMT
    ... put the finishing touch on his celebrate-and-be-celebrated Israel stay, leaving the Holy Land Friday ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...

  • Losing racehorses in Puerto Rico condemned to die 16 May 2008 10:30 GMT
    ... put the finishing touch on his celebrate-and-be-celebrated Israel stay, leaving the Holy Land Friday ... have a significant effect. "U.S. influence over OPEC and Gulf oil production is diminished," he ...


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