Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

The meeting will allow OPEC members to discuss ways to maintain oil market stability.

OPEC is a 14-country oil cartel. which includes Nigeria.

The United States led the world in oil production for much of the 20th century.

Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.

The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.

The US president had launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia.

A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.

A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.

Oil will remain the center of economic capability and economic development for decades to come.

China has decided to invest &.25 million to help slow the decline underway in Venezuela.