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OPEC Leader Issues Warning About Iran and Oil Supply
Summary from multiple countries, from articles in English
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World demand for oil will grow by 50% between now and 2030 as people in developing countries drive more cars, oil producers' group Opec says. (article 2)
Opec said that years of relatively low oil prices had led to under investment in oil production, leaving the industry unable to meet increased demand driven by booming economies such as China. (article 2)
Oil prices rebounded by more than $5 a barrel Thursday, as another missile launch by Iran stoked worries that escalating political tensions in the Middle East could cut off supplies out of the region. (article 7)
The Group of Eight leaders want countries that are awash in oil to ramp up their production and refining capabilities to bring skyrocketing oil prices back down to earth. (article 10)
The leaders of the world's richest nations also encouraged countries that import oil to improve their energy efficiency and seek other sources of fuel. (article 10)
Crude oil prices fell to about $136 a barrel, well down on the record price of almost $147 set in London last week. (article 6)
An international cartel of oil smugglers steals billions of dollars in "blood oil" from Nigeria, trading it for guns, the president has said. (article 9)
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Other summaries about this story:
Event tracking:
Story keywords
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oil, barrels, Opec, Crude, Prices |
Source articles
- OPEC Leader Issues Warning About Iran and Oil Supply (nytimes.com, 07/11/2008, 537 words)
- Global energy needs 'to grow 50%' (BBC News, 07/10/2008, 283 words)
- CRUDE MOVEMENT WITH THE GOVERNMENT'S OIL RESERVE (NY Post, 07/08/2008, 515 words)
- Oil steady as supply drops on West Coast (boston.com, 07/10/2008, 315 words)
- High oil prices may be good for Hollywood (Washington Post, 07/10/2008, 795 words)
- Oil prices fall by more than $5 (BBC News, 07/08/2008, 180 words)
- ABC News: Oil Rebounds on Iran, Nigeria Worries (ABCNews, 07/10/2008, 323 words)
- Worsening security makes restarting Nigerian oil wells risky (dallasnews.com, 07/08/2008, 596 words)
- Nigeria seeks to end 'blood oil' (BBC News, 07/08/2008, 403 words)
- G8 wants oil-producing countries to increase output (cbc.ca, 07/08/2008, 163 words)
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blaster@cs.columbia.edu
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