Tag Archives: OPEC

Strengthening US Dollar Drives Oil Prices Down – Temporarily

A combination of a stronger dollar and an unexpected decrease in the rate of consumption (it’s hard to say “a decrease in the rate of increase in demand” without sounding confusing) has led to falling oil prices.  The latest market … Continue reading

Posted in Bush, Oil, Politics | Tagged , , , , , , , | 1 Comment

Oil Demand May Slow

From Upstream Online: World oil demand will increase by less than expected this year and next due to high prices and weaker economic conditions, the International Energy Agency (IEA) said today. The agency lowered its 2008 world oil demand growth … Continue reading

Posted in Oil | Tagged , , | Leave a comment