Boiler Juice Heater Oil – Saving Money On Your Oil Heating Bills

Oil negotiations result in call for action

Instant online quote

Get your FREE instant online quote for home heating oil - we find the cheapest price in your area, saving you time, money and hassle!

Oil negotiations result in call for action

23 Jun 2008

A meeting of leading oil producing nations has concluded with an acknowledgement of the need to take action to curb soaring oil prices.

However, the crisis summit held in Saudi Arabia by oil officials has not resulted in any firm commitment to increasing output.

Negotiations in Jeddah resulted in a statement revealing that oil producers believe that greater investment is needed in order to ensure "adequate" supplies.

Despite the meeting, the price of crude oil rose to over $136 (£69.19) per barrel in early morning trading amid supply concerns following the rebel bombing of a Nigerian oil pipeline.

President of oil producers' cartel Opec Chakib Khelil claims that it is speculation by investors rather than a shortage of available oil that is forcing prices up to record levels.

In spite of a pledge by Saudi Arabia recently to raise output by 200,000 barrels to 9.7 million barrels a day, the cost of oil has continued to climb.

Prime minister Gordon Brown called on oil exporters to raise production during the summit, as did German economy minister Michael Glos.ADNFCR-730-ID-18650219-ADNFCR

RSS newsfeed

Stay up to date with our RSS newsfeed with articles for all home heating oil users including market/price news and environmental issues.

RSS newsfeed

Instant online quote

Get your FREE instant online quote for home heating oil - we find the cheapest price in your area, saving you time, money and hassle!





Privacy

* Min. order 500 litres

 

 

More news:

20 Aug 2008 Government must help heating oil customers, says SNP
19 Aug 2008 Latest tropical storm prompts oil price rise
18 Aug 2008 Home heating oil thefts continue to rise
15 Aug 2008 Campaign against fuel prices launched
14 Aug 2008 Heating oil theft rise continues
13 Aug 2008 Heating oil prices predicted to rise
12 Aug 2008 Georgia conflict pushes up oil prices
11 Aug 2008 Home heating oil thefts continue
8 Aug 2008 Oil demand will return, analyst predicts
7 Aug 2008 Oil prices slip to lowest in three months
6 Aug 2008 AA: Fuel price not coming down with oil
5 Aug 2008 Oil price remains high despite dip
4 Aug 2008 Kuwaiti official: Oil price to remain high
1 Aug 2008 Oil price hits Euro inflation rate
31 Jul 2008 Home heating oil theft trebles in Highlands
29 Jul 2008 Pipeline attacks prompt oil price rise
25 Jul 2008 International threats see oil price rise
24 Jul 2008 Oil price fall continues
23 Jul 2008 CGES calls for discounted oil prices
22 Jul 2008 Oil prices prompt fuel theft increase

 

News archive...

 

© Adfero Ltd

Heating Oil | Heating Oil Prices | Heating Oil Distributor | Home Heating Oil Sitemap | Terms | Privacy
 
 

Website by Something Digital. © BoilerJuice Ltd. All rights reserved.
Oil negotiations result in call for action