HIGH gasoline prices could lead to a dramatic saving in US greenhouse-gas emissions. That’s the conclusion of economists in the US, who suggest high fuel prices are turning consumers off SUVs and onto smaller, more fuel-efficient vehicles.

The price of crude oil could reach $200 per barrel if current market conditions persist, Iran's oil minister said on Thursday.

OPEC Secretary-General Abdullah el al-Badri has said oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply-- something he doubted.

Oil Ministers from the 12 Organisation of Petroleum Exporting Countries (OPEC) join chief executives of major producers in Rome for an International Energy Forum that begins on Sunday.

The price of oil rose to a record high above $114 dollars a barrel Wednesday as the sinking dollar made crude more attractive to investors.

Businesses in the Haitian capital reopened Monday after days of riots sparked by rising food and fuel prices. Haiti's president has announced a series of emergency aid measures in the wake of the crisis, which led to the ouster of his prime minister.

A U.S. official says Vice President Dick Cheney and Saudi King Abdullah have discussed how to deal with the rise in oil prices.

U.S. Vice President Dick Cheney is expected to talk with Saudi King Abdullah about ways to stabilize the world's oil market.

Crude oil fell below 100 dollar a barrel after a US government report showed demand dropped and investors sold commodities on concern an economic slowdown will lower consumption.

Oil prices soared to new highs above USD 111 in Asian trading on Monday as the US currency slumped to another fresh low against the euro, sparking a rush of funds into commodities including crude.

Oil prices fell below USD 105 per barrel in Asian trade today, off last week's record levels amid fresh concerns over the US economy, the world's biggest energy user, dealers said.

President Bush says the United States must change its habits and reduce its dependence on foreign oil.