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

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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…

More OPEC oil would not cool prices: oil ministers - November 15, 2007 15:00

More OPEC oil would not cool prices: oil ministers RIYADH (Reuters) – Oil prices would probably not fall even if OPEC raises production when it meets in December, since the market is being supported by factors other than supply, the oil ministers of Algeria and Iran said on Thursday. Algeria’s Energy and Source: c.moreover.com

Kuwait Says OPEC Ready To Increase Oil - November 15, 2007 13:00

Kuwait Says OPEC Ready To Increase Oil RIYADH (Thomson Financial) – Kuwait’s acting oil minister indicated on Thursday that OPEC would be willing to increase output at its next meeting in December if analysis of the market showed a need for extra crude supplies. ‘We will review the (market) Source: c.moreover.com

Sharp rise forecast in platinum price - November 15, 2007 11:00

Sharp rise forecast in platinum price Extract not available. Source: c.moreover.com Commodities Report GOLD rose 2% yesterday, having briefly tested below $800/oz, as a weakness in the dollar and a rise in oil attracted investors into the market. Analysts said the market would target a recent 28-year high of $845,40/oz in the coming weeks and […]

OPEC rules out production increase - November 15, 2007 9:00

OPEC rules out production increase OPEC Secretary General Salim al-Badri made this statement while responding to a call by US Energy Secretary Samuel Bodman, who Tuesday asked OPEC to increase its crude oil output to meet falling stock levels and spiralling prices. Al-Badri said there was Source: c.moreover.com AP: Soybean prices jump as crude oil […]

Venezuelan leader proposes OPEC sell oil cheaper to poor countries - November 14, 2007 15:00

Venezuelan leader proposes OPEC sell oil cheaper to poor countries Wed Nov 14 00:10:05 CST 2007 THE ASSOCIATED PRESS CARACAS, Venezuela – Venezuelan President Hugo Chavez proposed OPEC should come up with a plan to sell oil to poor countries at Read More… RIYADH (Reuters) – OPEC sees no need to increase oil production at […]