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/ 14 September 2008
Opec’s decision to cut output is proving ineffective against speculators, its president Chakib Khelil said on Saturday.
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/ 13 September 2008
Nigerian militants on Saturday warned oil firms in the Niger Delta to withdraw their workers in the next 24 hours or face a hurricane of retaliation.
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/ 8 September 2008
Iranian Oil Minister Gholam Hossein Nozari said Monday that Opec was oversupplying the market as he arrived for a meeting of the cartel in Vienna.
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/ 5 September 2008
Iran’s Opec governor said an oil price of per barrel was ”appropriate” in current conditions, the Oil Ministry’s news agency Shana reported.
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/ 3 September 2008
Oil prices fell sharply again on Tuesday to as low as ,46 a barrel — nearly 30% down from the recent record high of just over .
Opec should consider cutting oil production at the next meeting if member nations determine that recent price declines constitute a downturn.
A double bombing in Algeria killed at least 11 people on Wednesday a day after an attack that killed 43 people at a military academy.
Venezuelan President Hugo Chávez said on Sunday oil prices could hit per barrel if US oil company Exxon Mobil again freezes Venezuelan assets.
Oil rose for a third straight session on Tuesday to more than a barrel, boosted by a rumoured attack on Iran’s nuclear facilities.
Saudi Arabia, Opec’s largest producer, moved to take some of the heat out of rising fuel prices on Sunday with plans to increase production.
Opec secretary general Abdullah al-Badri on Tuesday appealed for calm, saying the record-high oil price was unbearable and did not reflect any shortage of supply.
World crude prices are expected to reach per barrel by the end of summer, Iran’s representative to the Organisation of the Petroleum Exporting Countries (Opec) was quoted as saying on Sunday.