Saudi Arabia sees fair oil price at $75-$80

France will submit proposals at the next Group of Eight summit to try to end oil price volatility, President Nicolas Sarkozy says.

France will submit proposals at the next Group of Eight summit to try to end oil price volatility, President Nicolas Sarkozy said on Tuesday during a visit to the United Arab Emirates.

The world could face within "two-to-three years" another oil price spike similar to that witnessed in 2008, Saudi Arabian Oil Minister Ali al-Naimi said on Monday.

(RTTNews) - French President Nicolas Sarkozy said he would propose initiatives to achieve stability of oil price at a summit of the G8 leaders in July.

Shanghai, May 26 (Gasgoo.com) With global oil prices surging, market talk of a fuel price hike in China has been heating up. State media cited an industry executive today as saying retail oil prices may be scaled up later this week.

Saudi Arabia: King says 'fair' oil price between 75-80 dollars (AKI) - Saudi Arabia's King Abdullah bin Abdul Aziz al-Saud said on Tuesday that a fair price of oil was between 75 and 80 dollars a barrel. "We still believe that a fair price is 75 dollars and perhaps 80 dollars a barrel, especially now," said the king in an interview with Kuwaiti daily al-Siyassa."The issue of fluctuating prices ...

ABU DHABI (AFP)--France will submit plans to world leaders at the G8 summit in July to try to end oil price volatility, President Nicolas Sarkozy said Tuesday during a visit to the energy-rich United Arab Emirates.

King Abdullah of Saudi Arabia said in remarks published on Tuesday that a fair price for oil was 7580 a barrel.

(Adds quote, background.) ABU DHABI (AFP)--France will submit proposals at the next Group of Eight leading nations summit to try to end oil price volatility, President Nicolas Sarkozy said Tuesday during a visit to the United Arab Emirates.

May 22 (Bloomberg) -- The Organization of Petroleum Exporting Countries is likely to keep output quotas unchanged for a second time this year as recovering oil prices forestall the need for new supply cuts, according to a Bloomberg survey.

Energy Minister Wannarat Charnnukul said Friday that the Oil Fund would extend retail prices of petrol and diesel oil from one month to four months. He said the prime minister wanted the fund to extend the subsidy because the fund still has Bt15 billion cash.

THE National Economic and Development Authority (NEDA) is pushing oil companies to implement a monthly adjustment in pump prices to reduce “volatility” ...

The 25% run-up in oil prices over the past month that has motorists again scrutinizing gas station price signs heading into the Memorial Day weekend also has U.S. airline managers beginning to worry about another big cost jump on top of double-digit drops in demand and revenue.

Toronto's main stock market index fell sharply on Thursday morning after rallying for two days as declining oil prices pulled down energy shares.

The price of North Slope oil closed at $60.19 a barrel Wednesday on West Coast open markets, the first time the price has topped $60 in more than six months.

The price of North Slope oil closed at $60.19 a barrel today on West Coast open markets, the first time the price has topped $60 in over six months.

Proposed legislation to outlaw price bullying by big oil companies and supermarket giants has emerged in the name of independent retailers. Nationals Senate leader Barnaby Joyce and Independent senat

The price of New York oil struck 62.14 dollars a barrel on Wednesday, the highest level since November 10, as traders reacted to a bigger-than-expected drop in US crude reserves and the weak US currency.

Oil Price Spike Could Return: Energy Economist