Oil prices whipsawed before and after OPEC announced it would cut oil production 1 million b/d effective April 1. Oil prices topping $36/bbl only threatened to escalate when BP's Texas City refinery caught fire Tuesday evening. But the influence of tho Oil prices whipsawed before and after OPEC...
Oil prices ended slightly lower on Monday as traders await the new US weekly inventory data on Wednesday and production decisions from the Opec meeting on Thursday. Oil prices ended slightly lower on Monday as traders await the new US weekly inventory data on...
Oil prices are still over $40 per barrel and oil producers are pumping as much as the market can take, so the sun was shining on Opec as ministers started gathering in Vienna Monday for their regular meeting which closes formally on Sep.15. Oil...
Oil prices showed no signs of coming off the burner Friday as the continued cutoff of Venezuelan exports, forecasts for colder-than-normal weather in the US, and President Bush's rally cry to soldiers headed to the Mideast in the run up to a possibl Oil prices...
Oil prices fell last week as speculation continued that the United Nations would have to make a decision soon on a resolution to disarm Iraq, and that a military strike could be avoided. West Texas Intermediate WTI fell to $26.86 per barrel for Decem Oil prices fell last...
Oil prices in New York topped $30 per barrel on Thursday, spurred by short-covering ahead of the holiday weekend and news that Iran is seeking to cut Opec's production levels at its meeting on Apr. 24. Oil prices in New York topped $30 per...
A&G Information Services 08-13-2002 OIL PRICES TO BE DISCUSSED WITH OPEC SECRETARY-GENERAL ST.PETERSBURG, RUSSIA, AUG 12, 2002 (A&G News via COMTEX) -- Before leaving for Moscow OPEC Secretary-General Alvaro Silva Calderon expre A&G Information Services 08-13-2002 ...
Oil prices surged on Tuesday -- topping $29 in New York -- on the possibility of a production cut at Opec's emergency meeting next week. Oil prices surged on Tuesday -- topping $29 in New York -- on the possibility of a production cut at...
Oil prices ended volatile trading on Tuesday little-changed as traders were torn between the prospect of an Opec production cut and expectations that weekly inventory data will show that US oil supplies are on the rise. Oil prices ended volatile trading on Tuesday little-changed...
Oil prices on both sides of the Atlantic eased again Tuesday as Opec ministers pledged to meet any supply shortfall and a vote at the United Nations was delayed. Oil prices on both sides of the Atlantic eased again Tuesday as Opec ministers pledged...
Oil prices soared to a two-month high on another technical rally Tuesday, although news of a car bombing in Indonesia, the delay in the return of oil in Iraq, and ethnic tensions in Nigeria renewed concerns that instability in oil-rich Opec countries ... Oil prices...
INTRODUCTION Libya is a small oil-producing developing economy in North Africa and its economy is heavily dependent on oil revenue. Libya plays an important role as a member of OPEC in the supply of oil to the world market. Conditions in the Libyan economy worsened in...
THE OIL PRICE rose yesterday on the strength of the Chinese interest rate cut, Europe's economic stimulus plan and the potential of yet another cut in supply in the near future. Brent Crude for December delivery rose as much as $3 to $53.35 in afternoon trading, while...
Byline: ALLAN RAMSAY I AM writing in response to the proposed two-tier system for speeding, where higher excessive speed attracts six points. The Association of British Drivers has said: "We could envisage circumstances where someone travelling at 90mph on an empty motorway in the early hours...
The IRGC during the week said it had completed a new naval base at Bandar Asaluyeh in the Persian Gulf. This was the fourth of naval bases along a coas-line stretching out to Bandar Jask, where a major base was announced in late October. Jask is in the Gulf of...
*** Prof. Nouriel Roubini Of NYU, Ex-White House Econ. Adviser, Sees This In The Global Offing: The US Will Have Its Deepest Recession Since World War-II At Least Thru '09, It Will Be A U-Shaped Recssn, Unlike '01's V; Japan's Will Be L-Shaped; The US Credit Losses Will...
OPEC oil ministers will meet in Cairo on Nov. 29 in a bid to halt a steady fall in paper WTI and Brent prices, amid signs that a global economic slow-down is punishing near-term world energy demand. Iranian officials on Nov. 15 said they wanted OPEC to cut production by...
Business News In Brief OIL Opec the Organisation of Petroleum Exporting Countries is unlikely to take any further action to revive the flagging oil price until next month, the Algerian energy and mines minister, Chakib Khelil, said yesterday. The price of oil has...
Stock markets Stocks surged and broke a three-day losing streak. Energy shares led the market higher alongside a recovery in oil prices as Opec looked ready to cut production again. Oil rose over 5 per cent above $59 a barrel in post-settlement trading. The Dow, which...
Opec expected to hold emergency meeting before the end of this month THE INTERNATIONAL Energy Agency IEA slashed its oil price forecast for 2009 from $110 to $80 per barrel yesterday in the face of looming recession in the world's developed economies. ...
Articles 2008-11-14
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