Wed, May 27, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Market Moves, Oil, Price Watch more

OPEC urged to boost oil production as prices soar

Posted on 05 May 2011

As oil prices hover near two-and-a-half-year record highs, there are renewed calls for OPEC countries to boost supply to help bring down prices. But a Washington think tank argues OPEC is unlikely to budge because Saudi Arabia needs high oil prices to offset its burgeoning spending program, AFP reported.

Crude has soared past $110 a barrel, average gasoline prices are nearing $4 a gallon and heating oil is still at near record levels despite warmer weather……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 40662 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31