Sentence examples for opec prices from inspiring English sources

OPEC prices, based on a combined measure for prices of seven grades of oil, tend to be about $2 a barrel lower than the Nymex price for light crude oil.

This is because Iraq, with its vast reserves, is the only country that could challenge the Saudis by throwing open the taps.If a post-Saddam regime did that, Saudi Arabia's strategy of keeping OPEC prices between $22 and $28 a barrel would be under threat.

The US, the world's biggest oil consumer, has relied in the past on Saudi to keep Opec price rises relatively low.

We hear of "the Lennon deportation", the two recent assassination attempts on President Gerald Ford, the Opec price hike, and the Patty Hearst kidnapping.

Created by oil consumers in the 1970s in response to the Opec price shocks and embargoes by Arab oil exporters, the IEA has succeeded in establishing and supervising a system of national oil stockpiles, which has helped to prevent a recurrence.

OPEC's price, based on the average price of several types of crude produced by its members, has been above $28 since the beginning of December -- after the previous production cut of 900,000 barrels in September.

Ditto the nations of OPEC, whose pricing decisions can hardly be ascribed to economic self-interest alone.

We weren't talking about public spending cuts, but about an economy reeling from the Opec oil price shocks.

PAGE A27 SUE OPEC The price of oil is nearly twice as high as it needs to be given the cost of production.

But such was his singularity that when the film industry - and in particular this rarefied branch of it - collapsed after the Opec oil price hike in 1973, Jones's career ran into the sand.

Cash-strapped small producers may have to defer planned investment over the next two years, or burn through cash reserves to help them survive the OPEC-US price war.