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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Abdalla el Badri

Abdalla el Badri stories: 2 news summaries

 OPEC Prepares to Slash Output 

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

Dec 17, 08 1:46 AM CST
(Newser) - OPEC ministers are expected to back the biggest reduction in oil production in the history of the cartel when they meet today, Reuters reports. The exporters widely support a cut of 2 million barrels a day. Oil prices neared $43 per barrel yesterday, down over $100 from July. Officals from... More »

MORE ABOUT:
oil • Saudi Arabia • OPEC • Abdalla el Badri • oil price • oil production • oil industry

OPEC Members May Seek More Foreign Funding

Soaring world demand breaks down resistance to international deals

Jun 6, 07 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 find themselves at a disadvantage... More »

MORE ABOUT:
oil • BP • OPEC • Libya • biofuel • Abdalla el Badri • foreign investment

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