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Source: news.google.com --- 31 days ago
stv.tv Oil Rises After OPEC President Calls for End to Overproduction Bloomberg - 29 minutes ago By Christian Schmollinger Sept. 10 (Bloomberg) -- Crude oil jumped in New York after OPEC President Chakib Khelil called on members to stop overproducing and match output to the group's set limits. OPEC members agree to roll back output to September 07 level MarketWatch OPEC decides to curb overproduction Houston Chronicle The Associated Press - BBC News - AFP - Bay News 9 all 368 news articles ... Source: au.rd.yahoo.com --- 31 days ago
VIENNA (AFP) - The OPEC oil group has agreed to cut its real output by 520,000 barrels per day in the next 40 days, OPEC 's President and Algerian Energy Minister Chakib Khelil said Wednesday. ... Source: www.chron.com --- 37 days ago
OPEC President Chakib Khelil said he expects oil supply to outstrip demand in the first half of 2009 with surplus production of as much as 1 million barrels a day. ... Source: www.charlotte.com --- 31 days ago
OPEC oil ministers will likely decide to keep output at present levels, the group's President said Tuesday, suggesting that most members could accept prices at $100 a barrel. Ministers of the 13-nation organization are expected to make a formal decision on what to do about production amid rapidly falling prices when they meet later Tuesday for consultations likely to last into early Wednesday. OPEC President Chakib Khelil's comments, however, indicate that most members would rather accept less-costly crude than cut back and risk renewing the market turmoil that in recent months set one price record after another. "We will probably stay at the (present) level," Khelil told reporters. Amid expectations that OPEC would leave production unchanged, oil prices dropped below $104 a barrel Tuesday for the first time since early April, even before the comments by Khelil, who is also Algeria's oil minister. The belief that Hurricane Ike would miss critical Gulf Coast oil installations also sent prices sharply lower. Benchmark crude for October delivery fell $2.44 to $103.90 in midday trading on the New York Mercantile Exchange, the lowest level since April 3. Prices rose 11 cents to settle at $106.34 in volatile trading Monday. Support for keeping production steady has been building, with OPEC powerhouse Saudi Arabia suggesting the ministers would opt against cutting back despite concerns over falling prices. "The market is fairly well-bala ... Source: www.citizen.co.za --- 31 days ago
The OPEC oil group has agreed to cut its real output by 520,000 barrels per day in the next 40 days, OPEC's President and Algerian Energy Minister Chakib Khelil said Tuesday. ... Source: newsinfo.inquirer.net --- 31 days ago
VIENNA, Austria -- The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut its real output by 520,000 barrels per day (bpd) in the next 40 days, OPEC's President and Algerian Energy Minister Chakib Khelil said Wednesday. ... Source: www.americablog.com --- 32 days ago
Who else is smelling another increase in prices ? Speaking to reporters on his arrival for Tuesday's OPEC meeting in Vienna, he said there was plenty of oil in the market and the group will discuss the possibility of cutting back. When asked if the group will decide to cut, he replied: "I don't know, there will be a discussion on that." "There is plenty of oil in the market, stocks are pretty good," Khelil said. "We're going to have an oversupply by the end of year." Goldman Sachs still believes oil will be at $130 in the final quarter of 2008 and $140 for the year . ... Source: www.topix.com --- 30 days ago
Ministers of the 13-nation organization are expected to make a formal decision on what to do about production amid rapidly falling prices when they meet later Tuesday for consultations likely to last into early ... ... Source: www.fwicki.com --- 31 days ago
VIENNA, Austria (AP) _ OPEC oil ministers will likely decide to keep output at present levels, the group's President said Tuesday, suggesting that most members could accept prices at $100 a barrel. Ministers of the 13-nation organization are expected ... ...
Source: au.rd.yahoo.com --- 31 days ago
VIENNA (AFP) - Oil producer group OPEC, which pumps 40 percent of world crude, is to keep its production unchanged at a meeting here Tuesday, the group's President said, despite sinking prices and slowing economic growth. ... Source: www.washingtonpost.com --- 31 days ago
NEW YORK -- Oil prices slipped below $104 a barrel Tuesday for the first time since early April as traders bet that Hurricane Ike would miss critical Gulf Coast oil installations and in Vienna, OPEC's President signaled the cartel wouldn't cut production. ... Source: www.moreover.com --- 31 days ago
OPEC's President says oil ministers will likely decide to maintain crude output at present levels. ... Source: blogs.usatoday.com --- 32 days ago
Tuesday highlights: • During a speech at National Defense University at Fort McNair, President Bush is to announce his plans for Iraq troop strength. He's not expected to withdraw additional forces until January. • OPEC will announce whether it will cut oil production to keep prices high. • The Congressional Budget Office releases its summer update to the Budget and Economic Outlook • Economic reports: pending home sales and wholesale inventories. • It's primary day... ... Source: www.huffingtonpost.com --- 9 days ago
According to Reuters (´Gasoline Shortage in Southeast Prompts Panic-9.24.08) quoting the AAA that the gasoline shortage has hit Atlanta Georgia especially hard. President Hugo Chavez has made two trips to Moscow these past two months. Since the conflict in Georgia the Russian leadership spurred by President Medvedev and Prime Minister Putin, is heightening efforts to court anti-American allies in Latin America especially since the conflict in neighboring Georgia. They are intensifying their efforts to engage a willing partner in Chavez toward an anti American entente. Discussions have advanced in the spheres of military cooperation (joint naval exercises and $4.4 billions of Russian armaments including fighter planes, air defense systems, transport helicopters) and a ´civilian¡ nuclear program(purportedly for peaceful purposes!?) and the establishment of an oil and gas consortium with Gazprom as operator and with headquarters in Caracas. According to the Russian News Service, RAI Novosti, Medvedev and Chavez also discussed a plan to set up an international gas cartel. The collusion doesn?t stop here. Venezuela?s oil minister Rafael Ramirez has been quoted, ´they are more than welcome in OPEC.¡ Ominously, a large delegation of Russians attended the last OPEC meeting in Vienna on September 9-10 headed by Deputy Prime Minister Igor Sechin. Add to this a report in the authoritative newspaper Nezavisimaya Gazeta of September 29, ´Gazpr ... Source: www.MiamiHerald.com --- 31 days ago
OPEC oil ministers will likely decide to keep output at present levels, the group's President said Tuesday, suggesting that most members could accept prices at $100 a barrel. ... Source: www.charlotte.com --- 1 day ago
Oil prices looked for direction Thursday as traders weighed fears that a looming world recession will crimp demand against speculation that OPEC may cut output to keep prices from falling too far. Venezuelan President Hugo Chavez said Wednesday that some members of the Organization of Petroleum Exporting Countries want an extraordinary meeting before the group's Dec. 17 meeting in Algeria. OPEC's decision last month to cut production by 520,000 barrels a day failed to halt oil's slide. "I think OPEC will definitely start to talk the market up," said Gerard Rigby, an energy analyst with Fuel First Consulting in Sydney. "They'll try to keep their members to their quotas. Then if prices fall below $80, they may cut production." Light, sweet crude for November delivery was up by 28 cents at $89.23 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe. The contract overnight fell $1.11 to settle at $88.95. The U.S. Federal Reserve, along with central banks in Europe and China cut interest rates Wednesday in a bid to jump-start lending. But markets in the U.S. and Europe sank in response. The Dow Jones industrial average lost another 2 percent, and the index has shed more than a third of its value since its all-time high set one year ago Thursday. "Traders are expecting the world to move toward recession, with the U.S. and Europe especially a concern," said Rigby. "Based on the short-term trend, you could ... Source: www.moreover.com --- 31 days ago
It isn't clear exactly what numbers OPEC President Chalib Khelil is citing, but it was a fairly stark version of supply/demand math he used today, one day before OPEC is to meet in Vienna. Khelill, who is also the oil minister of Algeria, said a supply ... Source: www.baynews9.com --- 31 days ago
OPEC President says organization is likely to maintain crude output levels ... Source: tvnz.co.nz --- 29 days ago
Venezuela's President Hugo Chavez has thrust the OPEC nation into its worst diplomatic crisis for years by expelling the US ambassador ... Find more results for OPEC President on RSSMicro.com |
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AFP - Oil producer group OPEC, which pumps 40 percent of world crude, is to keep its production unchanged at a meeting here Tuesday, the group's President said, despite sinking prices and slowing economic growth. ...