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Tuesday November 24, 2009
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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

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  • Oil rises on Iran Worries, Dollar Weakness 24 Nov 2009 05:33 GMT
    ... in Iran are also helping to push crude oil up." On Sunday, Iran launched warfare exercises ... support oil prices." A member of the Organization of the Petroleum Exporting Countries, Iran is the No. 4 exporter of ... that "concerns over supply disruptions are overdone." OPEC members have spare daily production capacity currently ...

  • Global oil demand picking up -- study 24 Nov 2009 00:41 GMT
    ... LONDON, Nov. 23 (UPI) -- Global oil demand has at last turned a corner and is on ... in its Monthly Oil Report for November. Crude oil prices rose during the weekend, pushing toward ... was on the rise, and supplies from non-OPEC nations reached their highest level in more ...

  • Press Release: IMF Executive Board Approves US$1.4 Billion Stand-By Arrangement with Angola  24 Nov 2009 01:07 GMT
    ... IMF Executive Board Approves US$1.4 Billion Stand-By Arrangement with Angola Press Release No. 09/425 ... affected Angola's economy. The spot price for crude oil fell from an average of US$97 a ... in the first quarter of 2009, while OPEC cut its oil production quotas in response, ...

  • Gulf economies 'will recover in 2010,' risks remain ' poll 24 Nov 2009 00:11 GMT
    ... DUBAI: Gulf Arab states will enjoy solid growth rates next year thanks to rising oil prices ... did not have to take part in OPEC-led oil output cuts, should see GDP growth ... of $147 a barrel. The latest Reuters crude oil poll predicted an average price of $74 ...

  • US Crude Oil - What Is The Most Likely Path 23 Nov 2009 01:13 GMT
    ... After breaking above the range of 65-75 in mid-October, crude oil seems to have developed a new trading ... sustainably rise above 82 in the medium-term OPEC members are satisfied with oil price at ...

  • Crude rises on weaker dollar, Iran concerns 23 Nov 2009 14:06 GMT
    ... in Iran are also helping to push crude oil up." On Sunday, Iran launched warfare exercises ... support oil prices." A member of the Organization of the Petroleum Exporting Countries, Iran is the No. 4 exporter of ... that "concerns over supply disruptions are overdone." OPEC members have spare daily production capacity currently ...

  • Crude futures rise above $78 on Iran worries 23 Nov 2009 11:52 GMT
    ... support oil prices." A member of the Organization of the Petroleum Exporting Countries, Iran is the No. 4 exporter of crude oil after Saudi Arabia, Russia and Norway. Analysts ... over supply disruptions are overdone," saying that OPEC members have spare daily production capacity currently ...

  • World Oil Production Forecast - Update November 2009 23 Nov 2009 19:03 GMT
    ... World Oil Production Forecast - Update November 2009 World oil production peaked in July 2008 ... 2012 - click to enlarge (oil includes crude oil, lease condensate and oil sands) World crude ... is expected to decline further as non OPEC annual oil production and is forecast to ...

  • Oil prices jump as dollar weakens 23 Nov 2009 13:25 GMT
    ... New York's main contract, light sweet crude for January delivery, advanced 97 cents to 78.44 dollars ... commodities," he said. A weaker greenback makes crude oil and other commodities, such as gold, cheaper ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has ...

  • UPDATE 1-Rosneft sells first Kozmino oil cargo to IPP 23 Nov 2009 17:24 GMT
    ... MOSCOW, Nov 23 (Reuters) - Finnish oil trader Oy, once headed by Gunvor co-founder Gennady Timchenko, ... known for trading in refined products than crude oil. Several traders said the firm was affiliated ... crude oil producer, as Riyadh persists with OPEC-agreed cuts. Rosneft will be one of the ...

  • Oil prices power higher as dollar weakens 23 Nov 2009 21:36 GMT
    ... New York's main contract, light sweet crude for January delivery, advanced 1.86 dollars to 79.33 dollars ... commodities," he said. A weaker greenback makes crude oil and other commodities, such as gold, cheaper ... provide a boost to oil prices, but non-OPEC oil supplies are growing, too, helping to ...

  • Oil rises more than 1 percent as dollar swings lower 23 Nov 2009 08:00 GMT
    ... PERTH (Reuters) - Oil prices rose more than 1 percent to top $78 a barrel on Monday, ... upside would also probably be capped by OPEC, which has indicated that any quick run-up ... oil consumer. Money managers boosted net long crude oil positions on the New York Mercantile Exchange ...

  • Oil rises more than 1 pct as dollar swings lower 23 Nov 2009 09:13 GMT
    ... Steam and other emissions are seen coming from funnels at an oil refinery in Melbourne... Oil ... upside would also probably be capped by OPEC, which has indicated that any quick run-up ... oil consumer. Money managers boosted net long crude oil positions on the New York Mercantile Exchange ...

  • Oil rises more than 1% as dollar swings lower 23 Nov 2009 10:10 GMT
    ... Perth: Oil prices rose more than 1% to top $78 a barrel on Monday, after the US dollar lost ... upside would also probably be capped by Opec, which has indicated that any quick run-up ... oil consumer. Money managers boosted net long crude oil positions on the New York Mercantile Exchange ...

  • MARKET WATCH: Crude prices slide; gas prices inch up 23 Nov 2009 19:43 GMT
    ... MARKET WATCH: Crude prices slide; gas prices inch ... gas prices inch up -- The front-month crude oil contract in the New York market fell ...


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