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Did you mean OPEC (2,426 results)

BNET Business Dictionary

OPEC: Organization of the Petroleum Exporting Countries: an international organization of 11 developing countries, each one largely reliant on oil revenues as its main source of income, that tries to ensure...; OPEC definition on BNET »

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Protectionism Vs Resource Nationalism: The six-year oil price shock has caused things far worse than what the previous shocks had produced. Against the much-drummed up trend of resource nationalism from such short-sighted petroleum exporters as Iran and Venezuela, now there is protectionism. Apart from printing more money from the main players in the global...; Tags: International Olympic Committee, OPEC; Research articles 2009-02-23
Main Movers: UP Cairn Energy 1840p (up 196p, 11.92 per cent) Oil futures rise in anticipation of Opec production cut; read-across from Tullow Oil's drilling update. Standard Chartered 780p (up 30p, 4 per cent) Upgraded to "market perform" from "underperform" at Keefe, Bruyette & Woods. Spectris...; Tags: British Airways Plc., FTSE, OPEC, Reed Elsevier Inc., SABMiller Plc., Trinity Mirror Plc.; Research articles 2008-12-12
Oil prices ease as US taps strategic reserves: SINGAPORE AFP — Oil prices fell in Asian trade Wednesday as the US government announced the release of oil from its strategic reserve to help with recovery efforts after Hurricane Gustav. In afternoon trade New York's main contract, light sweet crude for October delivery, dropped 71 cents to 109.00...; Tags: Agence France-Presse, barrel, HARDWARE, OPEC, reserve, Singapore, Storage; Research articles 2008-09-03
Oil prices rise as traders mull lower gasoline stocks: NEW YORK AFP — Oil prices rose on Wednesday after a sharp spike the previous day as traders nervously mulled a larger-than-expected decline in US gasoline stocks. Prices closed higher in edgy trade, wiping out declines experienced earlier in the day, as traders assessed a weekly US inventory report...; Tags: Agence France-Presse, barrel, OPEC, stock, trader; Research articles 2008-08-20
Energy alternatives: can they make a significant difference?: [ILLUSTRATION OMITTED] DOOMSDAY SCENARIOS OF the world's oil supplies reaching a peak and then declining have helped to fuel financial speculation in crude oil and driven prices to record highs. They have also helped to raise expectations that alternative sources of energy--everything from ethanol and biodiesel to nuclear, solar,...; Tags: biofuel, corn, food, Manufacturing, OPEC, World Bank; Research articles 2008-08-01

Oil prices rise as OPEC president questions investment flows: NEW YORK AFP — Oil prices swung back towards record highs on Tuesday after the president of OPEC said there was uncertainty surrounding future investment in energy facilities that could boost crude output. The International Energy Agency IEA meanwhile said that growth in supply would outpace demand until 2010,...; Tags: FINANCE, International Energy Agency, Investment, Iran, Litigation, OPEC, president; Research articles 2008-07-01
Indonesian president pleads for end to oil price blame game: JAKARTA AFP — Indonesian President Susilo Bambang Yudhoyono issued an impassioned plea on Wednesday for oil powers and consumer nations to stop the blame game over oil prices and join forces to calm the raging market. Faced with opinion polls showing rising domestic fuel costs are hurting his chances...; Tags: Agence France-Presse, Asia, Games, Leadership, MARKETING, OPEC, president; Research articles 2008-07-01
The energy shortage: THE U.S. Commodity Futures Trading Commission announced that it has opened an investigation into whether futures traders conspired to drive up oil prices. We doubt the investigation is necessary; when one considers breakneck economic development in India and China, the weak U.S. dollar, and the Organization of the Petroleum Exporting...; Tags: OPEC, petroleum, U.S., U.S. Congress, U.S. Senate; Research articles 2008-06-30
Obama plays word association game in TV interview: WASHINGTON AFP — US Democratic presidential hopeful Barack Obama played a word association game when interviewed on Fox Business Network on Thursday, responding in a rapid-fire manner to words thrown at him. Obama used the game to express respect for his Republican rival, John McCain, and underline his stances...; Tags: Agence France-Presse, FINANCE, game, NAFTA, network, Obama, OPEC, TV; Research articles 2008-06-26
Iran says oil output hike would not affect prices: TEHRAN AFP — Major crude oil producer Iran said on Friday that increased oil output would not affect skyrocketing prices after a statement by Saudi Arabia revealed that the kingdom would pump more crude to market. "Increases oil production does not have such an impact that it would decrease...; Tags: Agence France-Presse, INTERNET, Iran, kingdom, London, OPEC; Research articles 2008-06-20
Iran says global oil market saturated: TEHRAN AFP — Iranian Oil Minister Gholam Hossein Nozari said on Thursday that the world market was saturated and that OPEC was meeting demand, official Iranian news agency IRNA reported. "There is enough oil in the market; there is no problem with oil supply and there is enough capability...; Tags: Agence France-Presse, OPEC; Research articles 2008-06-12
Saudi oil-price meet to be at head-of-state level: OPEC chief: LONDON AFP — A meeting due June 22 in Saudi Arabia for the world's biggest oil producers and consumers to discuss record-high crude prices will be at head-of-state level, OPEC chief Abdullah al-Badri said Wednesday. "The meeting in Jeddah will be the head of states and they will discuss...; Tags: Agence France-Presse, OPEC; Research articles 2008-06-11
Oil prices fall in Asia after US crude stocks dip: SINGAPORE AFP — World oil prices fell in volatile Asian trade on Thursday after rising earlier following a US government report that showed American crude reserves dipped for the fourth week in a row. New York's main oil futures contract, light sweet crude for July delivery, was 98 cents...; Tags: Agence France-Presse, barrel, OPEC, stock; Research articles 2008-06-11
Oil & gas: how high can prices go? A report researched and written by international economic analyst Moin Siddiqi: THE INEXORABLE SURGE in crude oil prices from below $70/ barrel last August defies the conventional wisdom that says prices will drop when global economic activity slows and energy demand decelerates. According to the International Monetary Fund IMF, "The world economy has entered new and precarious territory." The energy-guzzling nations...; Tags: FINANCE, International Energy Agency, Investment, OECD, OPEC; Research articles 2008-06-01
Gas prices affecting more than motorists: By Michael Hooper THE CAPITAL-JOURNAL The motorist at the pump isn't the only one suffering from higher gas costs. So, too, are grocers, farmers and truckers. Rep. Nancy Boyda, D-Kan., brought together a grocer, a farmer and a trucker Tuesday to tell how rising...; Tags: Manufacturing, OPEC, Transportation, U.S. Congress; Research articles 2008-05-28
Gas prices affecting more than motorists: By Michael Hooper THE CAPITAL-JOURNAL The motorist at the pump isn't the only one suffering from higher gas costs. So, too, are grocers, farmers and truckers. Rep. Nancy Boyda, D-Kan., brought together a grocer, a farmer and a trucker Tuesday to tell how rising...; Tags: Manufacturing, OPEC, Transportation, U.S. Congress; Research articles 2008-05-28
OPEC chief predicts oil prices will continue to rise: MADRID AFP — The price of oil will continue to climb, especially if there is no improvement in the outlook for the dollar, OPEC president Chakib Khelil told Spain's national radio Monday. "We are going to witness a price rise," especially if the economic situation in the United States...; Tags: Agence France-Presse, MARKETING, OPEC; Research articles 2008-05-26
Iran says US anti-OPEC bill 'inexpert': TEHRAN AFP — A US bill authorising the federal government to sue OPEC in US courts over alleged price fixing is "inexpert" and "misleading," a senior Iranian oil official said on Saturday. "The claim that OPEC has imposed the current prices on the market by cutting production is completely...; Tags: Agence France-Presse, Government, OPEC; Research articles 2008-05-24
US House passes anti-OPEC bill: WASHINGTON AFP — The House of Representatives Tuesday passed a bill authorizing the federal government to sue OPEC in US courts over alleged price fixing, in the latest swipe at the cartel over skyrocketing oil prices. The bill passed the Democratic-led House by 324 to 84 votes, on a...; Tags: Agence France-Presse, cartel, FINANCE, Government, OPEC, SECURITY; Research articles 2008-05-20
Iran appoints new OPEC envoy: TEHRAN AFP — Iran, the number two exporter in the Organisation of Petroleum Exporting Countries, said it has appointed a new envoy to the cartel. Mohammad Ali Khatibi, a former deputy director of international affairs at the National Iranian Oil Company, has replaced Hossein Kazempour Ardebili who served in...; Tags: Agence France-Presse, Iran, OPEC; Research articles 2008-05-19