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The price of oil falls as OPEC mulls production cuts

May 26, 2009 – 2:20 pm – No Comment
The price of oil falls as OPEC mulls production cuts

It seems as though the Oil and Petroleum Exporting Countries, or OPEC, has finally gotten exactly what they want. The price of a barrel of oil reached six month highs the other day and now there is a looming meeting of the countries to discuss …

OPEC meets to end overproduction

March 14, 2009 – 9:52 pm – No Comment

The Organization of the Petroleum Exporting Countries met in Vienna Saturday and called for an end to “overproduction” by some members to increase the price of oil.
The “overproduction” makes up for just over a million barrels a day.
In the short term, the cut …