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  1. Adding fuel to the fire

    Posted Apr 21st 2006, 12:00am by Gwynne Dyer

    ... Opec [the Organisation of Petroleum Exporting Countries] is already producing at maximum output,' said Abdullah al-Attiyah, Qatar's oil minister. Middle-class people buy cars. ...

  2. We're staring down the US$100 oil barrel

    Posted Jun 05th 2004, 12:00am by Michael Preiss

    ... countries- Iran, Iraq, Saudi Arabia, Kuwait and Venezuela- formed a loose coalition called the Organisation of Petroleum Exporting Countries, oil was priced at less than US$2 a barrel and the US ...

  3. Consumers still confident but rising food prices are a worry, survey shows

    Posted Aug 17th 2011, 12:00am

    ... Helene Franchineau helene.franchineau@scmp.com Consumer confidence in the economy remained stable in the second quarter, at 107 points, after a sharp surge in the first quarter of this year. That was the latest finding by the Nielsen global online survey, ...

  4. Investors beware, commodity dive may only be the start

    Posted Jan 08th 2007, 12:00am by Tom Holland

    ... Tom Holland Local investors who took advice from the glut of financial gurus that passed through town last year and bought into commodity markets must be feeling sick at heart today. Commodity prices went into a meltdown in the first week of the year, wit ...

  5. Domestic oil price boosted to reflect global increase

    Posted Jun 30th 2005, 12:00am by Elaine Chan

    ... Elaine Chan in Beijing As crude oil prices surged to record highs this week, the top economic planning agency said the central government would adjust domestic prices for oil products in line with international price fluctuations. While not ruling out fur ...

  6. Addicted to Gulf oil

    Posted Nov 15th 2007, 12:00am by Michael Richardson

    ... Asia's increasing reliance on Middle East energy is creating a potentially risky dependence, writes Michael Richardson When leaders of the world's most powerful energy cartel meet in Saudi Arabia this weekend, it will underline Asia's incre ...

  7. Cartels have us over a barrel

    Posted Jul 04th 2011, 12:00am

    ... barrel in May and stubbornly remaining around that level. Oil prices are most visible at the petrol pump and, for those living without piped gas supplies, when deliveries of liquefied petroleum ... cartel in history. The Organisation of Petroleum Exporting Countries, or Opec, was founded in 1960. Opec members hold almost 80 per cent of the world's oil reserves and account for about 40 ...

  8. The global oil industry

    Posted Sep 04th 2005, 12:00am by Staff Reporter

    ... trade crude oil futures- the International Petroleum Exchange in London trades contracts in Brent crude. What are sweet and sour oil? Refiners refer to crude oil as sweet when it contains relatively little sulfur and sour when it contains substantial amounts and requires more refining. Where does Opec fit in? The Organisation of Petroleum Exporting Countries was set up in 1960 ...

  9. Strong US dollar may be what starts yuan's global rise

    Posted Apr 09th 2012, 12:00am

    ... will plunge over the coming years. According to investment bank Raymond James, the US could even achieve energy independence by 2020. Given that petroleum imports have accounted for half the US trade ...

  10. slowdown in reform efforts under attack

    Posted Oct 03rd 2011, 12:00am

    ... enterprises still maintain 'absolute dominance' in industries dealing with defence, electricity generation and power grids, petroleum and petrochemicals, telecommunications, coal, civil ...




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