"OPEC is trying to micromanage the oil price at the upper end of the range, " Peter Gignoux, an oil industry analyst at Schroder Salomon Smith Barney, told CNN.
Meanwhile, Bakrie was clearly anxious to raise money for its other Indonesian ventures, which range from property to palm oil and telecoms.
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On energy cooperation, there are already a number of American companies providing a range of upstream and downstream services in our oil and gas sector.
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The owners of private jets in Nigeria typically range from corrupt high-flying politicians to oil magnates, business moguls and a few clergymen, the Punch article reports.
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And within that fairly limited range, we think that the price of oil will move up and down many times, but not make a dramatic move, at least for very long, outside that range because of the balance of supply with demand.
By 1985, when the price of oil collapsed into the single digit range, the WPT was collecting no money at all for the federal government due to the fact that its structure was based on the assumption that the price of oil would always rise.
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Ibrahim Ajami, the CEO of ATIC, told me that government and business leaders had identified semiconductors as a core business to compete, part of a long-range 2030 plan to transition the economy from oil and gas business to high technology and to build its own chip foundries.
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After all, the oil price has been well within that range for the past few months.
The current dominant players, such as Chesapeake, Range Resources, Talisman Energy, and Cabot Oil and Gas have locked up a good deal of the acreage, but they may be joined by others.
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Prices closed near mid-range and were pressured by profit taking and weaker crude oil prices.
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This means that an ounce of gold would buy 14.30 barrels of oil, which is within the historically normal range.
This may eventually soften crude oil prices, which remain locked in a trading range.
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Crude oil prices are in a choppy and sideways trading range at present.
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They cover a broad range: from the teachers' union to Pemex, the state oil monopoly, and Telmex, a private telecoms near-monopoly.
Overall, crude oil prices remain trapped in a wide, sideways trading range, but are now in the bottom portion of that range.
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Overall, crude oil prices remain trapped in a wide, sideways trading range.
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Control-room operators, in a mock-up of a real off-shore control room, can be trained to deal with a range of tricky situations including explosions, leaks of poisonous gas and oil-well blow-outs, without the risk of so much as a scratch.
They range in age from 40 to 91, hail from diverse industries such as fashion and oil, and live in five different countries.
It is still higher than the oil-consuming countries would like, although the price is now within the range preferred by the Organisation of Petroleum Exporting Countries (OPEC), and OPEC members are already muttering about production cuts to prevent further falls.
Even if others are keen on a field, however huge, in pristine jungle nearly 500 kilometres and a mountain range from the populated coast, new bids would take time: Perupetro, the state oil firm, says it would take the rest of 1998 to prepare bidding specifications, under the government's new plan to divide the deal into three: operation of the field, the main pipelines, and distribution.
However, at current low prices, the largest gas producers such as Chesapeake, Range Resources, and others, are switching rigs out of dry gas over to liquids and oil.
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In the mid range, where growth is forecast to be between 1.2% and 2.2%, oil demand is seen averaging between 700, 000 to 400, 000 barrels a day.
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For many airlines, the rising price of oil has caused fuel costs to move from 30% of total expenses to the upper 40% range.
Although he has only been in the kitchen since Easter, the results are impressive, starting with a range of raw vegetables accompanied by an intensely smoky baba ganoush, the existing Petersham brand of extra virgin olive oil and pita bread.
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