Global Energy Prices

Russian President Dmitri Medvedev (R) and Russian Finance Minister Alexei Kudrin
November 12, 2008 1801 GMT
Falling oil prices are causing exporters to adjust to the price plunge and lower their income forecasts for the coming years. [more]
The Shaybah oil field in southeastern Saudi Arabia
Saudi Arabia's bid to expand oil production at a time of falling energy prices represents a bid to continue its dominance in global energy markets. [more]
Saudi Oil Minister Ali al-Naimi arrives Oct. 23 for an Oct. 24 OPEC meeting in Vienna, Austria
October 24, 2008 1724 GMT
The Organization of the Petroleum Exporting Countries announced that it will cut oil production by 1.5 million barrels per day starting Nov. 1. [more]
Saudi man filling up at petrol station in Riyadh
Saudi Arabia might have something to gain from prolonging the current oil price drop. [more]
OPEC President Chakib Khelil
The Organization of Petroleum Exporting Countries is cutting production, but not all members are expected to comply. [more]
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