OPEC countries conclude brittle meeting - November 20, 2007 9:00

OPEC members have become deeply divided about whether oil should be used as a political weapon. Venezuela and Saudi Arabia, at the OPEC summit on the weekend, gave conflicting signals on subjects such as high oil prices and geopolitical aims. Venezuelan Read More… The Opec summit show is over and the performers have left town. […]

Will OPEC Convert their Cash Reserves? - November 19, 2007 15:00

Extract not available. Read More… Oil prices rose Monday with more talk among OPEC members about converting their cash reserves to the euro and away from the U.S. dollar. There is also doubt a possible OPEC output hike next month would get more supplies to market in time for the Read More…

Kalla Proposes Middle Road for OPEC - November 19, 2007 13:00

TEMPO Interactive, Riyadh: Vice President Jusuf Kalla has a proposed a middle road so that high oil prices can be enjoyed by Organization of Petroleum Exporting Countries (OPEC) members, but also not become a burden for developing countries. The way to Read More…

Oil prices rise to mid-US$94 a barrel on OPEC comments on depreciating dollar - November 19, 2007 11:00

SINGAPORE (AP): Oil prices rose Monday as some OPEC members talked about converting their cash reserves to the euro and away from the ‘worthless’ U.S. dollar.There is also doubt a possible OPEC output hike next month would get more supplies to market in Read More…

China minerals demand may wane – LME executive - November 19, 2007 9:00

China minerals demand may wane – LME executive SYDNEY, Nov 19 (Reuters) – China’s hefty appetite for raw materials may wane after next year’s Olympics as social and inflationary pressures curb investment, London Metal Exchange director Phillip Crowson said on Monday. Crowson, also a former Rio Tinto Source: c.moreover.com Oil Prices Rise to Mid-$94 a […]

Uncertainty hovers over OPEC summit - November 16, 2007 15:00

Cartel contends with politics, prices and its future RIYADH, Saudi Arabia – In September 1960, after the mighty Standard Oil of New Jersey dictated a cut in the price it was willing to pay for Middle Eastern oil, an angry group of leaders from the region Read More…

Gourmet chocolate exports lead to Australia’s first commercial cocoa farm - November 16, 2007 13:00

Extract not available. Read More…

OPEC members seek convergence in Riyadh summit: Iran - November 16, 2007 11:00

OPEC members seek convergence in Riyadh summit: Iran TEHRAN (PIN) Irans new Oil Minister Gholamhossein Nozari here yesterday said the third OPEC summit in the Saudi capital Riyadh aimed to create convergence among its members. Nozari, who won vote of confidence in yesterdays open session of Majlis Source: c.moreover.com Officials: Ecuador to rejoin OPEC at […]

Vedanta to buy into iron ore - November 16, 2007 9:00

Vedanta Resources, the India-based mining group, is seeking more iron ore acquisitions and aims to build the business up to match its main copper, zinc and aluminium divisions.The group entered the iron ore business this year with the acquisition of a Read More…