Tag Archives: International News Agency

Saudi Arabia. OPEC’s de-facto leader. wants to see oil prices above $60 a barrel.

Kirkuk crude sales have been halted since Iraqi forces took back control of the fields in October.

Shana said. however. that the oil tanker is still burning and is considered to be ".at risk of exploding.".

Oil prices and tanker earnings often move in opposite directions.

OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.

In eight years. the Obama administration oversaw 11 lease sales. while the Carter Administration authorized a record 36.

The extent of the spill and environmental hazard were still unclear.

Iraqi Prime Minister Haider al-Abadi expressed great support for the Kuwait agreement.

This soaring demand has already created shortages in parts of the country.

Britain has been more successful in generating clean electricity than many developed countries.