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OPEC & Crude Oil News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC & Crude Oil News

  • Spot the currency link 3 Jul 2009 15:51 GMT
    ... The deterioration in a whole range of asset classes has encouraged many private investors to consider ... 10.4 per cent in May, while ETFS Crude Oil (CRUD) and ETFS Gasoline (UGAS) were up ... you can correlate the US$/CAN$ against an Opec-defined oil index covering trading for the past ...

  • OPEC Sees Crude Price Best at $68 to $71/Barrel 3 Jul 2009 15:21 GMT
    ... Angolan Oil Minister and Organization of Petroleum Exporting Countries (OPEC) president Jose Maria Botelho de Vasconcelos said ... Maria Botelho de Vasconcelos said Friday a crude oil price of US $68 to $71 a ...

  • UPDATE 2-China crude stocks near IEA member level-Tanaka 3 Jul 2009 13:00 GMT
    ... BEIJING, July 3 (Reuters) - China's state and commercial stocks of crude oil were equivalent to 86 days of net ... energy watchdog and consuming nations' counterpoint to OPEC, but said he did not say China ...

  • Xinhua China News Digest at 11:00 GMT, July 3 3 Jul 2009 11:50 GMT
    ... Xinhua China News Digest at 11:00 GMT, July 3 Jul 03, 2009 (Xinhua via COMTEX News Network) ... shares rallied amid economic recovery optimism. * OPEC President: crude price best at 68 to ... Maria Botelho de Vasconcelos said Friday a crude oil price of 68 to 71 U.S. dollars ...

  • Opec president satisfied with current oil price 3 Jul 2009 10:12 GMT
    ... Opec president satisfied with current oil price 3rd ... ago OPEC is satisfied with the current crude oil price, the president of the Organisation of ...

  • UPDATE 1-China crude stocks at 86 days, near IEA level-Tanaka 3 Jul 2009 08:40 GMT
    ... * China's crude stocks equal to 86 days of imports - Tanaka * Four days away from ... - China's state and commercial stocks of crude oil are equivalent to 86 days of net ... industrialised world's energy watchdog and counterpoint to OPEC, but said he didn't if China would ...

  • Developing World Leapfrogs Sluggish OECD In Demand For Energy 3 Jul 2009 03:32 GMT
    ... Developing World Leapfrogs Sluggish OECD In Demand For Energy In a climate of unprecedented ... 2008 the average price of dated Brent crude oil rose to $97.26 a barrel - 34 ... - the fall a consequence of higher OPEC production and rapid slow-downs in consumption in ...

  • U.S. WCoast Products-Gasoline falls on economic fears 3 Jul 2009 00:53 GMT
    ... HOUSTON, July 2 (Reuters) - West Coast wholesale gasoline prices dipped in slow trade on Thursday ... + + + + ...... headlines ... OPEC North Sea .... crude oil oil products News by topic .... derivatives ...

  • OPEC oil price climbs to 68.54 dollars 3 Jul 2009 00:01 GMT
    ... Vienna - The oil price of the Organization of the Petroleum Exporting Countries (OPEC) gained further on Thursday, reaching 68.54 dollars, ... for one barrel (159 litres) of OPEC-produced crude oil rose by 0.53 dollars. The group's 12 ...

  • OPEC oil price rebounds from sharp drop 3 Jul 2009 00:01 GMT
    ... Vienna - The oil price of the Organization of the Petroleum Exporting Countries (OPEC) climbed back to 68.01 dollars on Wednesday, ... price for one barrel (159 litres) of crude oil gained 1.40 dollars at mid-week, after having ...

  • Oil price to get support from money supply rise 2 Jul 2009 22:11 GMT
    ... Global energy markets will need to rely squarely on crude oil for any price support over the coming ... high levels. Our latest estimates suggest that Opec crude production is already on the rise,” ...

  • It's not black or white 2 Jul 2009 22:03 GMT
    ... 2009:H2: [We have] a cyclical bull market as the economy stabilizes and OPEC maintains cuts to draw inventories to 10-year ... by the If we’re going to trade crude oil like a currency, we should regulate it ...

  • OPEC's Oil Output Edges Higher for 3rd Consecutive Month 2 Jul 2009 20:02 GMT
    ... DUBAI (Dow Jones Newswires), Jul. 2, 2009 OPEC's crude oil output edged higher for a third consecutive month in June, a survey by Dow ...

  • Oil Prices: A Year After a Record $145, Gloom Prevails 2 Jul 2009 18:02 GMT
    ... Friday is the one-year anniversary of crude oils record close of $145 a barrel. But ... the U.S., the worlds largest consumer of crude oil: the unemployment rate is up to 9.5%, ... news for oil bulls. Months of big OPEC production cuts have been a primary factor ...

  • How to cope with the next oil shock: The writer is chief economist at a local bank. 2 Jul 2009 16:52 GMT
    ... Jul 02, 2009 (Jordan Times - McClatchy-Tribune Information Services via COMTEX) -- BY FAHMI ABU-DAYEH ... contract of oil, there is the NYMEX crude oil futures contract which is designed for investment ... with the non-fuel commodities is essential. Lately OPEC (Organisation of Petroleum Exporting Countries) and OECD ...


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