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World Oil Demand May Hit All-Time High Before December, OPEC Warns

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The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday warned that global demand for oil may hit an all-time high before December, 2011. OPEC, a renowned cartel, which controls over 40 per cent of oil deposit in the world, stated this in a forecast on its website.

Opec Refuses Quota Increase for Nigeria

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Talks by the Organisation of Petroleum Exporting Countries (OPEC) on Wednesday broke down in acrimony leading to a refusal to jerk up oil production quota for Nigeria and other oil exporting nations.
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