In Australia, domestic consumers are expected to pay the OPEC cartel
crude oil-linked LNG Asian "netback" price, or they will not get the gas.
April 16 /PRNewswire/ -- Saudi concern that limits on greenhouse gas emissions will drive down demand for crude oil shows dramatically that Americans can break the grip of the OPEC cartel
on our economy, according to domestic energy developer, John W.
The OPEC cartel
, meanwhile, after leaving its production quotas unchanged in March, seems increasingly prepared to allow prices to remain temporarily below what it perceives to be their 'fair value' of $75.
Crude oil has tumbled to less than EUR55 a barrel amid global recession fears and the Opec cartel
announced it was reducing output by 1.
The market reacted by continuing to fall, as if there had never been an OPEC cartel
Iran is a member of the oil-producing Opec cartel
but Israel responded with a pledge to act if its national security was threatened - ratcheting up fears of military action in the region which could disrupt supply.
Membership of the Opec cartel
should give Luanda increased global prominence and may help the government in its efforts to normalise relations with the rest of the world.
The North Sea output slide has contributed to deteriorating expectations for global ouptut from producers outside the OPEC cartel
With oil prices at a 21-year high, their New York meeting was expected to urge the Opec cartel
of oil producers to take action to lower the cost of crude.
What I think the president ought to do is get on the phone with the OPEC cartel
and say we expect you to open your spigots," declared the opposition party's standard-bearer.
A decision by the OPEC cartel
to curb output but raise its official quota sowed confusion on market," having a rather muted impact on prices once traders had time to digest the implications.
Yesterday's decision will see the OPEC cartel