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Broadcast: Jan 12, 2003 The Organization of Petroleum Exporting Countries has agreed to increase production to 24.5 million barrels per day to cover a shortfall of oil from Venezuela, where a six week
By Mil Arcega Washington 25 May 2007 Technology and high gasoline prices are helping to coax hard-to-extract oil from California's oil fields. Production at some of the state's older oil fields is expected to dry up in about 25 years, but Chevron say
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Saudi Arabia is signaling that it is going to boost its supply of oil on its own after failing to convince other oil producers to jointly agree to more production. Several news agencies reported Saturday that the Saudis could increase their oil produ
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