Oil Costs Too Much? Sue OPEC
Summary from United States, from articles in English
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THE president of the United States has the power to attack, and perhaps destroy, the Organization of the Petroleum Exporting Countries, the illegal cartel that has driven the price of oil over $130 per barrel. (article 2)
The meeting on June 22, organized by top oil exporter Saudi Arabia, seeks ways of cooperating over crude prices that on Monday hit a record high near $140 a barrel. (article 4)
U.S. ally Saudi Arabia plans to increase output to 9.7 million barrels per day in July, more than 6 percent above May levels and its highest since 1981, news that has helped tame crude prices slightly in recent days. (article 4)
The senators maintained "the very existence of OPEC" violates international agreements that prohibit nations from setting quotas or imposing other restrictions on exports. (article 3)
The group, led by Frank Lautenberg said the White House should direct Schwab to file a complaint with the WTO. (article 3)
Despite the current surge in oil prices to well over $125 a barrel and growing global demand, OPEC members as a group have refused to boost production. (article 3)
The first addresses whether the Saudis' unilateral move will be, in effect, annulled by the pique of its peers. (article 1)
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Other stories about oil, Bush and Prices:
Event tracking:
Story keywords
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oil, Bush, Prices, energy, gas |
Source articles
- The Short View: Saudi oil (ft.com, 06/16/2008, 310 words)
- Oil Costs Too Much? Sue OPEC (nytimes.com, 06/19/2008, 792 words)
- Senators want complaint filed against OPEC (boston.com, 06/18/2008, 347 words)
- Venezuela says will not attend Saudi oil meet (Washington Post, 06/18/2008, 232 words)
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