By Jane Merriman
LONDON (Reuters) - Oil pared gains on Monday after a rise above $40 a barrel, in response to a weak dollar and Israeli attacks on Hamas that served as a reminder of tensions that could threaten Middle East crude oil supplies.
U.S. light, sweet crude was up $1.16 at $48.87 a barrel by 10:06 [...]

Secretary General of OPEC, said that more than contain oil market is big and strong output cut is needed, sending crude oil prices on world markets in question.
The president of OPEC, but here too, that the unanimous support of the reduction in Organization
Note that speculation that the State of the Organization of Petroleum Exporting Countries [...]

SINGAPORE (AFP) – World oil prices turned higher in Asia on Wednesday after earlier losses, while investors awaited a weekly US report for more clues about demand in the world’s biggest energy user, dealers said.
New York’s main futures contract, light sweet crude for January delivery, rose 1.21 dollars to 43.28 dollars a barrel. The contract [...]

By Maher Chmaytelli and Ayesha Daya
Nov. 30 (Bloomberg) — OPEC deferred a decision on reducing production this year by two weeks to gauge the impact of earlier cuts, as it seeks to push oil prices back up to $75 a barrel.
Crude has dropped 62 percent from July’s record of $147.27 a barrel as the global [...]

JAKARTA(Dow Jones Newswires), November 18, 2008
PT Medco Energi Internasional is seeking investors from the Middle East to take part in the development of an oil and gas field in Libya, the Indonesia-listed company said Tuesday.
Medco said in a filing to the Indonesia Stock Exchange that the company is studying various options to raise funds [...]

IRVING, Texas, Nov 19, 2008 (BUSINESS WIRE) — Exxon Mobil Corporation (NYSE:XOM) announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, TA 1/4rkiye Petrolleri Anonim OrtaklAAYA (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become [...]

ALGIERS (AFP) – Algeria and Argentina signed an agreement Monday to boost cooperation over civil nuclear energy as part of Argentine President Cristina Kirchner’s tour of northern Africa.
The energy deal was signed by Algerian Energy and Mining Minister Chakib Khelil and Argentina’s Minister for Federal Planning Julio de Vido.
Meanwhile, Kirchner met with Algerian President Abdelaziz [...]

By Fayen Wong
PERTH (Reuters) - Oil hovered above $60 a barrel on Friday, as support from a weakening U.S. dollar was countered by an increasingly gloomy economic outlook that weighed on near-term energy demand.
Comments by OPEC-member Libya that the oil-producing cartel was not considering cutting production again also kept the commodity at a 1- year [...]

Sam Coates, Chief Political Correspondent
Gordon Brown will arrive in the Gulf today to ask oil-rich states to use their vast wealth to steady the fragile world economy and to boost British business.
The day after Barclays raised £5.8 billion from funds in Abu Dhabi and Qatar, to avoid taking money from the Treasury, the Prime Minister [...]

Oil prices have been dropping and could go as low as $45 per barrel next year, according to some projections.
That could ease the inflation burden on economically hammered consumers and businesses and help further retreat gasoline prices, which spiked above $4 per gallon this summer.
Dennis Hoffman, an economist at the Arizona State University’s W.P. Carey [...]