Kuwait
Oil prices fall on increased Opec output hopes
March 08, 2011Oil prices have fallen on hopes that the Opec cartel of oil producers might be about to boost production for the first time in two years. US light crude was down $1.61 at $103.84 a barrel, while Brent crude was down 85 cents at $114.19 a barrel. US...
Gulf Oil Producers, Others Ready To Dump Dollar
October 07, 2009Britain's daily "The Independent" has reported that Gulf Arab oil producers held secret talks with oil buying states on moving away from using the dollar as the sole currency for transactions. Just hours after the story was published, Saudi...