Oil-price drop challenges OPEC unity: cartel to weigh output cut, sharing the pain as internal rifts threaten long-term viability

Article Abstract:

In an attempt to raise falling oil prices, members of the Organization of the Petroleum Exporting Countries are meeting to strategize. OPEC officials need to agree on how to announce cuts in crude oil production, and how to retain their credibility as an enfor cer of oil prices.

Market information - general, Organization of Petroleum Exporting Countries, Petroleum Refineries, Management dynamics, Africa, South America, Gasoline, Middle East, Management, Conferences, meetings and seminars, Supply and demand, Organization of the Petroleum Exporting Countries, Powers and duties, Company business management

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Big worries for big oil: as crude prices slip, profits may follow; more mergers ahead?

Article Abstract:

Major petroleum companies are concerned about maintaining profit growth, due to the falling price of crude petroleum. Exxon Mobil Corp. Royal Dutch-Shell, and BP PLC have all recently reported record profits.

Sales, profits & dividends, Sales & consumption, United Kingdom, United States, Netherlands, Company sales and earnings, Company earnings/profit, BP PLC, XON, Exxon Mobil Corp., Industry sales and revenue, Royal Dutch-Shell PLC, Industry overview

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Iraq lines up long-term deals for its oil exports

Article Abstract:

Iraq will sign long-term agreements on oil exports in a sign that the country is moving forward in restarting its oil industry. Iraq agreed to sell up to 750,000 barrels per day for the rest of 2003.

Iraq, International trade, Natural gas, Gas industry, Natural resources

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