Peg Mackey
No image available
/ 9 January 2008

Tough to pump more oil, even at $100

Oil at a barrel should give exporters every incentive to pump more, but their difficulty in doing so shows the world is struggling to sustain production. A growing number of leading industry figures now question mainstream forecasts for supply, suggesting the era of ”plateau oil” is nearer than many had admitted.

No image available
/ 14 December 2006

Opec to cut oil output from February

The Organisation of the Petroleum Exporting Countries (Opec) has agreed an oil-output cut of 500 000 barrels per day, or 2%, delayed until February 1 when the northern winter is ending, Qatar’s oil minister said on Thursday, sending oil prices more than a dollar higher.