Word: oiled
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Dates: during 1990-1999
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...Prime Minister. He is Sergei Kiriyenko, 35, who had been busy filling in at the job for four days. Kiriyenko is a potential reformer, a petroleum expert who held the post of Minister of Fuel and Energy in the old Cabinet. He's a former communist youth leader and oil-company executive from the reform-oriented city of Nizhni Novgorod. He arrived in Moscow last year, along with Boris Nemtsov, who became a First Deputy Prime Minister. Nemtsov, the former mayor of Nizhni Novgorod, is one of Yeltsin's favorites, and he will probably reappear in a senior post...
...words in the headlines seemed vaguely familiar: OPEC meeting, oil output curtailed, prices rising. But if you are having haunting visions of long lines and $2.50-per-gal. gasoline, relax. When representatives of oil-producing countries meet in Vienna this week, they will try to avert the disaster that was arising because prices have been collapsing. Asia's stalled economies and a very warm winter have cut oil consumption way below what was projected for 1998. Result: a 50% plunge in oil prices from early 1997, to $13.31 per bbl. And with storage tanks brimming, the price looked poised...
...Club moves slowly at 8 a.m. on a Tuesday morning. A few guests drink coffee under 18th-century oil portraits in the ground floor Reading Room. A buffet is spread on a large table in one of the three main dining rooms, where breakfasters sit beside potted palm trees...
...states and such non-member producers as Norway, Russia and Mexico stick to their agreed cutbacks totaling 1.5 million barrels. Analysts are skeptical over whether Russia, Venezuela, Nigeria and others will avoid the temptation to exceed their new production quotas, which would quickly unravel the agreement -- and even the oil cartel itself. After all, it?s not as if renegades face the prospect of having their legs broken or anything...
...Chernomyrdin's candidacy has the all-important support of media -- and oil tycoon Boris Berezovsky. "The big money follows Berezovsky," says TIME Moscow bureau chief Paul Quinn-Judge. "He's telling the other oligarchs that Chernomyrdin is perfect because he can work with the Communists. They feel safe with him because he's likely to ensure business as usual." That's assuming they can get the public to elect a man who, Quinn-Judge says, shows no discernible charisma, is unable to speak in public and has been publicly humiliated by Yeltsin. But first they have to get the unpredictable...