U.S. Energy Secretary Sam Bodman has pleaded with Saudi Arabia for more oil, undeterred by OPEC’s cautious response to Washington’s request so far.
Bodman told reporters in Abu Dhabi there were short-term concerns about the performance of the U.S. economy and he was hopeful Riyadh would steer a decision to increase oil supplies at […]

Brazil is to consider joining OPEC after it has gauged the impact on its oil exports from its newly discovered giant offshore Tupi oil field. Isnard Penha Brasil said that “a membership decision will come after we know what our export capacity will be and we think this will be good.”
Last week, Brazil confirmed a […]

If you can’t join beat them, join them. Opec is seeking to “reposition itself at the centre of the climate change debate” by pushing for a fund to finance research and development on emissions capture and sequestration technology as a means to clean up fossil fuels.
Ahead of a key United Nations climate conference next month, […]

Venezuelan President Hugo Chavez is proposing that OPEC should sell oil to poor countries at dramatically lower prices than those paid by wealthy nations, says the International Herald Tribune.
Chavez will ask members of OPEC to consider a plan to aid poor countries struggling with rising oil prices, as a summit this weekend. “I would […]

In the late winter of 2006, the citizens of Burlington, Vermont prepared to elect one of five candidates to a three-year term for an open mayor’s seat.  At one forum, a citizen stood up and asked, “Within the next mayoral term, it’s likely the price of oil will hit $90 a barrel and gas will […]