The Juice: A Little Something Extra for your morning
« European telecom has eyes on Sprint Nextel | Main | UBS selling off $15 billion in mortgage assets »
Indonesia weighs opting out of OPEC
Oil keeps on climbing. Today in London, it is trading around $118 a barrel. And U.S. crude oil futures rose above $120 a barrel. The high prices have OPEC member Indonesia thinking about quitting the oil cartel. The country has become an importer of oil and is failing to meet its OPEC production quota. On the good news side -- good news for the price of oil, I mean -- Exxon Mobil's oil output in Nigeria has finally returned to normal. A strike had forced the company to shut down production in Africa's largest oil producer. Exxon continues to negotiate with the unions.
Posted by Lori Stassi on May 6, 2008 2:22 AM PT | Permalink
Latest Posts
- UBS selling off $15 billion in mortgage assets
- Indonesia weighs opting out of OPEC
- European telecom has eyes on Sprint Nextel
- "Iron Man" blasts through first weekend with $100 million
- Yahoo, AOL, News Corp., Google... they're all talking
- Small car sales picking up
- Poisoned dumplings
- Throw in the fight and it's a perfect storm
- Which came first? The chicken or the ...
- Bringing home less bacon
Archives
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | 31 |
sponsor
Latest Comments
- The economy: Not at your service (1)
- Laura Beth wrote: SO WHAT. To me, it is GREAT that the economy is NOT growing.... [read]
- Hard to see a slowdown from a yacht... (1)
- Chuck wrote: Until our elected "leaders" stop taking bribes from the weal... [read]
- It's OK to mix your beer (1)
- dallas latham wrote: diabolical!!!!! ... [read]
- Greenspan's recession more and more likely (2)
- Alan Reynolds wrote: Saying there is a 50-50 chance of something happening is wim... [read]
- SAG wins best supporting union in WGA strike (1)
- wrote: thats dissapointing... [read]
Marketplace Confessional
I've just listened to Mr. Stein's concern for the poor working man. No doubt he drove his Bronco to the station to make his plea for the common man. Honestly, Ben Stein weeping for the common man's fate? After my sides stopped hurting from laughing ...
sponsor