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Thursday November 26, 2009
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OPEC & Oil Price News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC & Oil Price News

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  • Crude oil prices slip as traders take profits 26 Nov 2009 10:36 GMT
    ... WORLD oil prices slid today on profit-taking after a strong ... is the world’s biggest energy consumer. Meanwhile, OPEC member Algeria said the oil cartel was likely ... carried by the APS news agency. The Organization of the Petroleum Exporting Countries (OPEC) supplies 40% of the world’s crude. ...

  • Crude oil prices drop as traders take profits 26 Nov 2009 13:54 GMT
    ... is the world's biggest energy consumer. Meanwhile, OPEC member Algeria said the oil cartel was likely ... carried by the APS news agency. The Organization of the Petroleum Exporting Countries (OPEC) supplies 40 percent of the world's ...

  • Oil prices slip as traders take profits 26 Nov 2009 10:40 GMT
    ... Oil prices slip as traders take profits World oil ... is the world's biggest energy consumer. Meanwhile, OPEC member Algeria said the oil cartel was likely ...

  • Oil demand to outpace supply in 2010 26 Nov 2009 00:55 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 bpd ... daily. The steep drop in demand saw oil prices crash from record highs of almost $150 ...

  • Climate change CO2onialism: What impacts for the South? 26 Nov 2009 10:37 GMT
    ... Climate change CO2onialism: What impacts for the South? In its current form, cap-and-trade amounts to ... to six times that resulting from the OPEC oil price hike of the 1970s. Even the Stern ...

  • Oil price falls after US growth disappoints 25 Nov 2009 00:42 GMT
    ... Oil price falls after US growth disappoints By Joshua ... a report from MasterCard SpendingPulse on Tuesday. Opec, the exporters' group that pumps one in ...

  • Oil prices down as US economic growth expected to weaken 25 Nov 2009 07:53 GMT
    ... KUALA LUMPUR, Nov 25 (KUNA) -- Oil prices slipped to below USD 67 per barrel ... in the Organization of Petroleum Exporting Countries (OPEC) in October. OPEC will hold a meeting on December ...

  • Oil prices surge on signs of US demand 25 Nov 2009 22:12 GMT
    ... NEW YORK: Oil prices surged on Wednesday, boosted by positive US ... comments from Algeria's energy minister who said OPEC was likely to maintain its production levels when cartel ...

  • OPEC likely to maintain output level: Algeria 25 Nov 2009 18:30 GMT
    ... ALGIERS (AFP) – The OPEC oil exporting group is likely to maintain its when ... are closely connected, could weigh heavily on oil prices if the United States suffered a new ...

  • Global oil demand picking up -- study 25 Nov 2009 05:21 GMT
    ... Global oil demand picking up -- study disclaimer: image is for illustration purposes only Global ... was on the rise, and supplies from non-OPEC nations reached their highest level in more ... seen as potential pressures on the current oil price level, which is over and above OPEC ...

  • Malaysia Oil and Gas Report Q1 2010 - new report released 25 Nov 2009 13:33 GMT
    ... Malaysia Oil and Gas Report Q1 2010 - a new market research report on companiesandmarkets.com The latest Malaysia ... a whole, we have assumed an average OPEC basket price of US$59.00 per barrel (bbl), ... 2010, we expect to see a significant oil price recovery to US$83.00/bbl for the OPEC basket, ...

  • Babalola Advises States, LGs To Upscale Infrastructural Development 25 Nov 2009 19:15 GMT
    ... Babalola Advises States, LGs To Upscale Infrastructural Development The Honourable Minister of State for ... in the international oil market and the OPEC production levels in recent times have continued to ... impact of ‘boom _ burst cycle’ of oil prices can only be addressed by enhancing the ...

  • Peak oil, prices, and supplies - Nov 24 24 Nov 2009 20:48 GMT
    ... the rise in production from outside the Organization of the Petroleum Exporting Countries and output of natural gas liquids (NGLs) from OPEC members is seen growing by just 800,000 ... total global oil production and also of oil price (adjusted for inflation) over the last five ...

  • OPEC will maintain oil prices stability - Venezuela 24 Nov 2009 19:16 GMT
    ... ALGIERS, Nov 24 (KUNA) -- Venezuelan Minister of Energy and Petroleum Rafael Ramirez called here on ... called here on Tuesday member States of OPEC to make a decision on maintaining the stability of oil prices during thier up-coming meeting that will take ...

  • HIgh oil price would hurt rebound - IEA 24 Nov 2009 02:34 GMT
    ... Oil prices would threaten a rebound in the global economy if they rise beyond current levels, ... However, analysts have said too high an oil price could help curb nascent economic recovery. Oil ... curb nascent economic recovery. Oil producing group OPEC meet in December to decide on a ...


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