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<title>Jeddah Summit fails to end oil price uncertainty</title>
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<description><![CDATA[The hastily-convened summit on the global oil price situation, held in Jeddah on Sunday, failed to reduce global markets' anxieties over the continuing increase in the price of oil. Despite being well attended the meeting left leading Opec member nations at odds over how to deal with the situation.]]></description>
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<title>Europe identifies Iraq as major gas supplier</title>
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<pubDate>Sun, 22 Jun 2008 14:29:29 +0400</pubDate>
<description><![CDATA[Western Europe is likely to be drawing increasingly on Middle East, and particularly Iraqi, gas supplies within the next five years. A memorandum of understanding on energy co-operation between Brussels and Baghdad was signed in April following the visit to the EU by Iraq's Prime Minister Nuri Al-Maliki and Oil Minister Hussain al-Shahristani.]]></description>
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<title>Is the price of oil too high or too low?</title>
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<pubDate>Wed, 11 Jun 2008 10:53:11 +0400</pubDate>
<description><![CDATA[Commodity costs have sky rocketed and hit record levels in the past months, fuelled by rising oil and gas prices, which have been hovering near all time highs.]]></description>
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<title>Oil producers resist production hike calls</title>
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<pubDate>Sun, 01 Jun 2008 11:57:32 +0400</pubDate>
<description><![CDATA[Concerted pressure is being applied by western governments on major oil producers, especially Saudi Arabia, to raise their outputs. The arm twisting comes as crude prices oscillate around $130 a barrel and amid a steady increase in the average price of oil futures that has virtually doubled in under a year.]]></description>
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<title>Kuwait power plans hinge on new find</title>
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<pubDate>Thu, 29 May 2008 11:32:52 +0400</pubDate>
<description><![CDATA[After more than 25 years searching for non-associated gas reserves, Kuwait is on its way to developing a sizeable gas industry based on supplies that are independent of oil production.]]></description>
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