Allvoices.com - OPEC Considers Boosting Production as Oil Price...

OPEC Considers Boosting Production as Oil Prices Continue to Rise

The DAX board is pictured after a day of trading at the Frankfurt ...

Source: Reuters
Group photo session between leaders at Association of Southeast Asian ...

Source: Reuters
Trader pictured at desk in front of the DAX board at the Frankfurt ...

Source: Reuters
Nigeria's Oil Minister Lukman listens during the Oil & Money ...

Source: Reuters
Nigeria's Oil Minister Lukman gestures during the Oil & Money ...

Source: Reuters
Traders monitors the market at Karachi's Stock Exchange

Source: Reuters
Trader works on the floor of the New York Stock Exchange

Source: Reuters

The DAX board is pictured after a day of trading at the Frankfurt ...

Analysts have been speculating about whether or not oil prices would again breach $100 a barrel...Prices have surged about 140% from their February lows, soaring as high as $82 a barrel last week. While the global economy has shown signs of recovery, the recent price surge has not been the result of fundamentals....

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News Stories

Iran sees rise in oil prices for 2010

News Source: Press TV | about 1 month ago

Khatibi said a weak US currency was the main reason behind the current rise in oil prices as the dollar hit a 14-month low against a basket of currencies last week. "The recent oil prices show a better economic condition compared with the past and we...
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News Source: San Diego Union-Tribune | about 1 month ago

Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, Oct. 28, 2009. Global stock markets dropped Wednesday as more signs American consumers were struggling undermined hopes for a stronger turnaround in the world's largest economy. Major...
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News Source: Times of Oman | about 1 month ago

Britain's top share index was down 1.3 percent in early trade on Wednesday, mirroring a weakness in Asian markets and with heavyweight oils and miners suffering from commodity price falls, while banks also weighed. Everybody is on tenterhooks ahead...
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News Source: Times of Oman | about 1 month ago

Asian shares eased for a second successive day Wednesday as general weakness on Wall Street pushed investors towards further selling. Tokyo ended down 1.35 percent as investors refrained from buying as the yen strengthened against the dollar, hitting...
Asian stocks fall after weak US consumer report

News Source: San Francisco Chronicle | about 1 month ago

Asian stocks were lower for a second day Wednesday amid worries U.S. consumers were continuing to struggle, undermining hopes for a quicker turnaround in an economy that's a major export market for the region. More Business Major markets fell by...
Boost in oil, only if shortage: OPEC

News Source: The Economic Times | about 1 month ago

If we see real shortage in the world, we will increase production to meet the shortage," Qatar’s oil minister Abdullah al-Attiyah told reporters on Tuesday in Ras Laffan, Qatar. Jose Botelho de Vasconcelos, also Angola’s oil minister, had said on...