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Tag Archives: OPEC

Top Eagle Ford news stories: April 1-8

Take a look back at the top Eagle Ford news stories of the week. Depressed oil prices continue to impact economies at home and abroad. Houston lost more jobs as it weathers the oil bust, and an OPEC official said a deal to freeze production will be reached soon. 5. Once wedded to oil, Houston economy carries on despite bust HOUSTON (AP) ...

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Venezuela orders long weekends to stave off power crisis

CARCAS, Venezuela (AP) — Public employees in Venezuela will take long weekends for two months under the government’s latest bid to ease a nationwide power crisis. President Nicolas Maduro announced late Wednesday that he would sign a decree giving state workers a Friday furlough for 60 days. Together with other measures, he hopes to reduce electricity consumption by at least ...

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OPEC official: Oil production freeze deal likely to be reached

OPEC official: Oil production freeze deal likely to be reached

KUWAIT CITY (AP) — Kuwait’s OPEC governor is saying members of the oil cartel and other producing countries likely will reach a deal later this month for a production freeze as crude prices sit below $40 a barrel. The state-run Kuwait News Agency quoted Nawal al-Fuzai on Tuesday as saying that oil ministers of OPEC nations and several non-OPEC nations showed interest ...

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Qatar says 12 countries confirmed for oil cap meeting

DOHA, Qatar (AP) — Qatar’s oil minister says 12 countries have agreed so far to participate in a meeting it’s hosting next month to discuss a freeze in oil output levels. Qatar announced earlier this month it would be the venue for between OPEC and non-OPEC producers on April 17 to discuss the production cap. The talks are aimed at ...

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Theme parks rise in Dubai amid shifting sands of tourism

Dubai at night as seen from the tallest building in the world. (Image: Crazy Diamond via Flickr)

DUBAI, United Arab Emirates (AP) — Sweating and hopeful, the performers lined up once more and received instructions mirroring the aspirations of the soon-to-open massive amusement parks they hoped to join: dance three-eighths Bollywood with a stiff shot of hip hop and a touch of whimsy. And one more thing: “Does anyone tumble?” This cross-cultural collage will be Dubai Parks ...

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Echoes of 1991 Gulf War linger on in Mideast

Echoes of 1991 Gulf War linger on in Mideast

The 1991 Gulf War saw only 100 hours of ground fighting as U.S. forces entered Kuwait to end the Iraqi occupation but echoes of that conflict have lingered on for decades in the Mideast. The war pushed America into opening military bases in the Persian Gulf and Saudi Arabia, drawing the anger of an upstart militant named Osama bin Laden ...

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