OPEC Revenues Fact Sheet (11/13/2008): “Based on projections from the EIA November 2008 Short Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $979 billion of net oil export revenues in 2008, and $595 billion in 2009. Through October, OPEC has earned an estimated $884 billion in net oil export earnings in 2008. Last year, OPEC earned $671 billion in net oil export revenues, a 10 percent increase from 2006. Saudi Arabia earned the largest share of these earnings, $194 billion, representing 29 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earning reached $1,137, a 8 percent increase from 2006.”
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Daily Archives: November 14, 2008
President's Working Group on Financial Markets Announces Initiatives to Strengthen OTC Derivatives Oversight and Infrastructure
News release: “Initiatives announced today include the development of credit default swap central counterparties, some of which will commence operations before the end of 2008, and the establishment of a Memorandum of Understanding regarding CDS central counterparties among the Federal Reserve Board of Governors, the Securities and Exchange Commission and the Commodity Futures Trading Commission.… Continue Reading
Committee on Foreign Investment in the United States (CFIUS) Final Regulations
“Secretary Henry M. Paulson, Jr., issued the following statement on the Treasury Department’s issuance today of final regulations implementing section 721 of the Defense Production Act, as amended by the Foreign Investment and National Security Act of 2007: “The final regulations issued today strengthen the CFIUS process in a manner that reaffirms America’s longstanding policy… Continue Reading
HUD issues new mortgage rules to help consumers shop for lower cost home loans
News release: “For the first time in more than 30 years, the U.S. Department of Housing and Urban Development issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, for the first time ever, that lenders and mortgage brokers… Continue Reading
The Global Gender Gap Report 2008
The Global Gender Gap 2008: “Norway (1) leads the world in closing the gender gap between men and women, according to the overall ranking in the World Economic Forums Global Gender Gap Report 2008 released today. Three other Nordic countries Finland (2), Sweden (3) and Iceland (4) also top the Reports Gender Gap… Continue Reading
