Word: arabia
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Dates: during 1980-1989
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...that allowed some of them to push the price of oil still higher. The 13 countries decided to set a price ceiling of $32 per bbl. on crude. For certain higher quality grades of oil, the price could go to $37 per bbl. OPEC prices now range from Saudi Arabia's $28 per bbl. to Algeria...
...Libya and Algeria did not push theirs higher, Kuwait, Iraq, Qatar and Venezuela announced that they would begin demanding as much as $2 per bbl. more for oil on July 1. Those four countries have been recently charging a basic price of about $30 per bbl. for crude. Saudi Arabia refused to increase its rates for now, but Yamani hinted that he might raise them by $1 per bbl. to $4 per bbl. in order to unify OPEC prices. Some oil experts expect the Saudis to hike prices by about $2 per bbl. within a few weeks...
...dishonest and slanderous film. Under a documentary cover, it insults Saudi Arabia, one of the few U.S. friends left in Islam...
...leader this time was Saudi Arabia, which unilaterally added $2 to the $26 per bbl. that it already charges. The largest OPEC producer argued that with worldwide demand for oil weak, such an increase would somehow restore "order and unity" to the crazy-quilt patchwork of global oil prices. Yet hardly had the Saudis acted than Libya, Kuwait, Iraq and the United Arab Emirates announced matching increases of their...
...gasohol and $600 million for biomass energy, such as that derived from turning municipal garbage into fuel. Finally, the bill included a provision to fill the National Strategic Petroleum Reserve. For months the Department of Energy has delayed buying oil for the reserve largely because of opposition from Saudi Arabia. The 750 million-bbl. stockpile of oil would be used in case of another cutoff of petroleum from the Middle East...