Energy Blast – September 8, 2009
Source: http://www.robertamsterdam.com/2009/09/energy_blast_-_september_8_2009.htmPosted on Tuesday, September 8th, 2009 | In Russia
Reuters examines oil prices: with an OPEC meeting imminent, crude prices have stabilized, as analysts expect to see the group agree to maintain its ‘official output target stable around $70′. Russia is surpassing Saudi Arabia in oil exports for the first time in the wake of OPEC production cuts. ‘In no uncertain terms, Russia has been the biggest beneficiary of OPEC’s sacrifice’,
says strategist Chris Weafer. Saudi Arabian Oil Minister Ali al-Naimi
believes that the current crude prices – between $68 and $73 a barrel -
are acceptable for producers and customers alike. Energy Minister Sergei Shmatko has met with Iraqi Prime Minister Nuri al-Maliki in an attempt to pursue Russia’s aim of reviving Saddam Hussein era oil deals. President Medvedev says that Russia must refuse requests for Ukraine to prepay natural gas transit fees, (with Kiev prepaying more than $2.2 billion) and must ensure the transit country stick to the contract agreed. Venezuelan President Hugo Chavez has asked Turkmenistan, Central Asia’s biggest producer of natural gas, to join a ‘gas OPEC’. Lukoil and Total are holding talks on potential joint exploration in Colombia.
Last 5 posts by Robert Amsterdam
- Energy Blast - Nov 25, 2009 - November 25th, 2009
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Ali al-Naimi, central Asia, Chris Weafer, Colombia, Energy Minister, era oil deals, Hugo Chávez, Iraq, Kiev, Medvedev, Natural Gas, natural gas transit fees, Nuri, Oil Exports, Oil Minister, Oil Prices, Organization Of Petroleum Exporting Countries, president, Prime Minister, producer, Russia, Russia, Saddam Hussein, Saudi Arabia, Sergei Shmatko, Strategist, Turkmenistan, Ukraine, USD, Venezuela
 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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