Energy Blast – Oct. 21, 2008
Source: http://www.robertamsterdam.com/2008/10/energy_blast_oct_21_2008.htmPosted on Tuesday, October 21st, 2008 | In Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
Russian stocks rose 4 percent Monday, partly in response to news that an upcoming conference of OPEC countries will focus on ways to stabilize the price of oil at $70 per barrel. The Algerian Energy Minister says Russia and other non-OPEC countries should also cut output, or else “the OPEC decision is going to be harder and more painful (to make), demanding greater sacrifices on the part of OPEC members.” Speaking of OPEC, its Secretary General, Abdullah al-Badri, will visit Moscow this week to discuss expanding ties with Russia. For its part, Gazprom finalized a deal with Equatorial Guinea, while continuing to pursue suitors Iran and Qatar.
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Tags for this Post:
Abdullah al-Badri, Equatorial Guinea, Gazprom, Islamic Republic of Iran, Moscow, Oil, Organization Of Petroleum Exporting Countries, Qatar, Russia, Russia, USD
Abdullah al-Badri, Equatorial Guinea, Gazprom, Islamic Republic of Iran, Moscow, Oil, Organization Of Petroleum Exporting Countries, Qatar, Russia, Russia, USD
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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