Posts Tagged ‘OPEC’

Shale oil: market correction or longterm direction?

By Jack Weatherly The golden age of hydraulic fracturing began about 10 years ago “as oil and gas producers began to explore the nation’s massive shale formations in earnest,” according to an essay on the American Society of Mechanical Engineers website. Expansion of the technique in subterranean shale formations has pushed the United States toward oil […] [...]

Dropping gasoline prices a reason for giving thanks

By Jack Weatherly Holiday travelers have one more reason to be thankful this year. And Mississippians could have another gift at Christmas, if prices at the pump continue to fall, which is the consensus of observers. That’s because dropping crude-oil prices have driven retail gasoline prices to their lowest level in four years. AAA projects […] [...]

OPEC content with oil prices, supply

by Published: March 16,2010

Tags: oil and gas, OPEC

VIENNA — OPEC heavyweight Saudi Arabia has set the tone for this week’s meeting of the 12-nation production group with an unusually clear statement — expect no change; we are content with prices and supply. “We’re extremely happy with the market,” Saudi oil minister Ali Naimi told reporters late Monday. “It is in a very […] [...]

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