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OPEC Members May Seek More Foreign Funding

Soaring world demand breaks down resistance to international deals

By Peter Fearon, Newser Staff

Posted Jun 6, 2007 10:23 AM CDT

(Newser) – OPEC's new secretary-general says cartel members may be forced to attract more foreign investment to meet the world's expanding oil needs, the Wall Street Journal reports, a reversal of some countries' traditional opposition to cooperation with major Western producers. Oil-rich nations, currently riding high, may... Read full story »

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OPEC Members May Seek More Foreign Funding

Soaring world demand breaks down resistance to international deals

OPEC Warns of More Price Hikes

oil • BP • OPEC • Libya • biofuel • Abdalla el Badri • foreign investment

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More Newser Stories

OPEC Prepares to Slash Output

Saudis lead push for record cut to pump prices to $75 a barrel

Americas Replacing Mideast as World's Oil Source

Production is up from Canada to the US to Brazil

Libya's Ex-Oil Minister Found Floating Down Danube River

Shukri Ghanem's body shows no signs of violence: police

When Gadhafi Falls, Oil Prices Will Fall With Him

And stocks could 'soar': David Kotok

New Oil Peddlers: Libya Rebels

Qatar is first reported buyer

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