May 2004
Russia May Increase Its Oil Exports
Russian Finance Minister Alexei Kudrin indicated that Russia may boost its oil exports if prices stay high, and will not cut exports even if prices…
Mohammad Reza Shah's Conversation with Dr. Khosrow Pakbaz about Rising Oil Prices - 2004-05-29
Mohammad Reza Shah spoke with Dr. Khosrow Pakbaz regarding the increase in oil prices. OPEC is set to meet in Beirut to discuss the potential…
Oil Prices Decrease on Thursday
Oil prices fell on Thursday after OPEC hinted at a possible increase in production quotas. This decrease is influenced by psychological factors related to market…
Barrel at $41.72 - New Record for Crude Oil Prices - 2004-05-24
Crude oil prices reached a new record of $41.72 per barrel due to concerns that Saudi Arabia's planned production increase may not suffice to meet…
OPEC Postpones Decision on Increasing Oil Production to Next Month - 2004-05-22
OPEC has delayed its decision on increasing oil production until next month, despite concerns over rising global oil prices. Saudi Arabia has proposed a significant…
President Bush Says His Economic Policies Create New Jobs - 2004-05-22
President Bush claims his economic policies are generating new jobs, despite his declining popularity. He highlights efforts to reduce oil prices while Senator John Kerry…
Crude Oil Prices Reach $41.55 at the End of Tuesday's Trading in New York - 2004-05-18
Crude oil prices rose to $41.55 per barrel in New York trading, driven by concerns over violence in the Middle East affecting oil exports. The…
Following the Killing of Izz al-Din Salim in Baghdad, Stock Prices and the US Dollar Declined
Izz al-Din Salim was killed in Baghdad, leading to a decline in stock prices and the US dollar, while oil prices surged. Investors are worried…
Crude Oil Prices Rose to Unprecedented Levels in New York on Friday - 2004-05-14
Crude oil prices surged to record levels in New York, reaching $41.45 per barrel amid concerns over potential disruptions in the Middle East. This significant…
U.S. Crude Oil Prices Reach All-Time High
U.S. crude oil prices have surged to an unprecedented high due to a significant drop in oil inventories and rising global demand. This situation has…
U.S. Crude Oil Prices Set New Record at the End of Thursday's Trading
U.S. crude oil prices reached a new high of $41.08 per barrel due to concerns over potential terrorist attacks disrupting oil supplies and strong demand…
Oil prices surpassed $40 per barrel for the first time in 13 years on Tuesday - 2004-05-12
Oil prices have risen above $40 per barrel for the first time in 13 years, driven by trader speculation amid doubts about OPEC's production adjustments.…
Saudi Arabia Urges OPEC to Increase Daily Oil Production
Saudi Arabia has called on OPEC to boost daily oil production by at least 1.5 million barrels to maintain market balance. This request follows a…
OPEC Oil Ministers: OPEC Not Responsible for Rising Oil Prices
OPEC oil ministers deny responsibility for the surge in oil prices, promising a future decrease. The UAE oil minister expressed concern over prices reaching $40…
Increase in Crude Oil Prices in New York Market - 2004-05-07
Crude oil prices surged to $40 per barrel in New York, the highest in 13 years, driven by low U.S. oil inventories and escalating violence…