Posts Tagged ‘OPEC’

The History of OPEC-Vision and Mision

OPEC was founded on September 14, 1960 by Iran, Iraq, Saudi Arabia, Kuwait and Venezuela. The goal is the establishment of OPEC to set world oil prices and allocation of production of each member. In other words, short-term goal of this organization is how to transfer income from the oil companies to each country’s oil [...]

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Oil prices plunged After Automotive Bailout U.S. Failed

The price of crude oil plunged on Friday, local time, after a bailout plan for the automotive industry so that the U.S. failed to heighten concern about slowing down on demand due to the global financial crisis bites. As reported by AFP, light sweet crude oil for January delivery fell 1.70 U.S. dollars to be [...]

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Oil price and China’s Demand

Oil Supply is running low, We must to think about it!
China’s resurrection has been establishing since ten years ago. Now, China woke up as a new wild tiger and tries to eat all his victims. China followed his neighbor Japan; imitate Japan strategies to be Modern Country, Top industry and Asia Leader in Economic, Asia [...]

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Oil US Dollar and Investor

Today, oil makes its new record again. Oil runs to $120 per barrel. The main factors behind the new record are USD weak against Euro and Sabotage in Nigeria. If we look back, when governments worried when Oil ran close to $100 per barrel then $108 per barrel, some day before $112 per barrel and [...]

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