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24.10.2008, 14:21

OPEC cuts oil production in attempt to halt price slump

The Organisation of Petroleum Exporting Countries (OPEC) has decided to cut production by 1.5 million barrels a day at a meeting in Vienna. The cut is intended to halt the collapse in crude prices, which has left them more than 50 per cent lower than thei

11.11.2008, 14:09

`Gas Opec` is no threat – Putin

Prime Minister Vladimir Putin has sought to ease fears over a so-called ‘gas Opec’, saying the proposed union of natural gas producers poses no threat to consumers.

Gas troika to become new player in energy

Published: 22 October, 2008, 06:06


Russia, Iran and Qatar have agreed to work together to find and produce gas. But heightened cooperation between gas producers is worrying to Western consumers.

 
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