You are currently browsing the Business & Financial News weblog archives for the day Saturday, May 12th, 2007.

OPEC is under the pressure

Kuwaiti oil minister Sheik Ali Al-Jarrah Al-Sabah predicts that the Organization of Petroleum Exporting Countries (OPEC) will be under the pressure from consumers of raw material, which are planning to increase extraction, to reduce the prices for oil. Not having specified, from whose party the pressure is expected, the minister has told that OPEC will […]