El economista explicó que las reservas de petróleo exploradas cubrirán la demanda por los próximos 40 años y además hay proyectos de exploración de nuevos pozos "que son rentables a partir de los 30 dólares el barril". Además, según él, países que están en proceso de industrialización como China y Brasil "entrarán en un proceso de disminuir el consumo, pues cada vez se están haciendo más eficientes en el uso de energía como ya lo hicieron los países desarrollados". Otros expertos destacan que EU está elevando la capacidad para procesar crudos pesados, que han provocado "cuellos de botellas" en las refinerías, con la consecuente alza del precio de la gasolina. Un factor clave fue el anuncio hecho por el ministro de Petróleo de Kuwait y presidente de la OPEP, Ahmad Al Fahd Al Sabah, qui...
Crude oil futures were little changed amid expectations the Organization of Petroleum Exporting Countries will decide this week to allow members to keep producing more than their quota limits to help lower prices. OPEC, which pumps about 40 percent of the world's oil, will leave the quotas unchanged when it meets in Iran Wednesday, the group's President Sheikh Ahmad Fahd al-Ahmad al-Sabah said Saturday, according to the Kuwaiti News Agency. Crude oil prices last week reached their highest since October amid forecasts for increased global demand.
Kuwaiti oil minister Sheik Ahmad Fahd al-Ahmad al-Sabah says OPEC's decision to maintain production quotas is aimed at bringing more stability to the market. The sheik called on consumers and producers to "walk together ... for prices to be acceptable." In little words: no relief for consumers on winter heating oil and gas prices. Page B1
Now, there's going to be a lot of Federal involvement because we're going to spend money-wisely, I might add. And so it's an idea that I'm still considering. And I want to watch-because the reason why I'm comfortable about saying "still considering" is because we're still recovering. And we've got a lot of work to do to recover.
... referred to Minister of Energy and oil Ahmad Fahd al-Ahmad Al Sabah of Kuwait. Copyright Superi...
Crude oil rose from a six-week low in New York as OPEC may agree to pump as much as it can, reducing the group's spare capacity to cushion against any disruption in global supplies. OPEC, which produces about 40 percent of the world's oil, will consider offering every barrel its members produce to help stabilize world oil prices, group president Sheikh Ahmad Fahd al- Sabah said in Vienna Sunday. U.S. oil and gasoline prices surged to records last month after Hurricane Katrina caused oil platforms and refineries along the Gulf of Mexico to shut.
Letter to the editor
...In March, Kuwaiti Energy Minister Sheikh Ahmad Fahd al-Sabah denied the story, declaring, "The in...
... para los precios," señaló el jeque Ahmad al-Fahd al-Sabah. "Hasta ahora, no tenemos planes ...
The United Nations sent a team of emergency disaster specialists to Washington yesterday after the Bush administration began accepting some of the scores of offers of assistance pouring in from around the world. The European Union said it was preparing to ship 500,000 meals, as well as blankets, 15 water trucks and 50,000 first-aid kits hours after receiving a formal request for assistance.
...Kuwaiti Energy Minister Sheik Ahmad Fahd al-Ahmed al-Sabah said his country would prov...
...OPEC President Sheikh Ahmad Fahd al-Sabah stated that increasing production wi...
Crude oil futures would need to fall to about $37 a barrel before OPEC decides to cut production, according to a person familiar with the thinking of the cartel's top officials. That would set OPEC's next trigger price a few dollars below the level its president had recently suggested.
... informal meeting in Davos included Sheik Ahmad Fahd al-Ahmad al-Sabah, Kuwait's oil minister and ...
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