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A motorist fills his vehicle at a gasoline station in San FranciscoA motorist fills his vehicle at a gasoline station in San Francisco. The Organization of Petroleum Exporting Countries (OPEC) has predicted in its monthly report that the global demand for oil will grow by 1.5 percent in 2007.
A motorist holds a fuel pump at a petrol station in TehranA motorist holds a fuel pump at a petrol station in Tehran. The Organisation of Petroleum Exporting Countries has decided to hold its official production quota at 25.8 million barrels of oil per day, OPEC ministers said.
A motorist holds a fuel pump at a petrol station in TehranA motorist holds a fuel pump at a petrol station in Tehran. OPEC, satisfied with oil prices and the supply-demand balance of the market, has decided to stick by its daily output target of 25.8 million barrels.
An offshore oil and gas production platform in the Niger deltaAn offshore oil and gas production platform in the Niger delta, Nigeria. World oil prices edged up on Friday as traders weighed up the impact of a decision by the OPEC crude producers' cartel to keep its production levels steady.
Some Iraqi oil experts and politicians are aghast over their government's approval of a bill that many fear will deliver the country's oil wealth to international firms on a platter.
Energy City Qatar is offering public and private investors the chance to buy into this first of a kind purpose built business and residential cluster dedicated to the energy industry.
Hamid D. Jafar tackled the subject of the "Economic Prospects and Challenges for the UAE and GCC, with particular emphasis upon Trends in the Oil & Gas Industry".
ENOC’s participation was essential in creating widespread awareness for the entire range of lubricants targeted at boat manufacturers and owners.
A service station employee fills a car with petrolA service station employee fills a car with petrol. World oil prices rebounded on Monday, reaching almost 61 dollars a barrel in London trade, as stock markets firmed and a closely-watched report forecast a jump in crude futures in coming months.
Christophe de MargerieFrench oil group Total chief executive Christophe de Margerie attends a press conference in Paris, February 2007. A Total spokesman said that de Margerie and two other executives had been called in for judicial questioning over a gas contract signed in Iran in 1997.
Christophe de MargerieFrench oil group Total chief executive Christophe de Margerie attends a press conference in Paris, February 2007. Police detained the head of French oil group Total for questioning on Wednesday over suspected corruption by the multinational giant to win a gas contract in Iran.