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Saturday November 7, 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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  • Raising output not on OPEC agenda now-UAE oil min 7 Nov 2009 12:11 GMT
    ... United Arab Emirates' Oil Minister Mohammed al-Hamli arrives at a hotel for OPEC meeting in... United Arab Emirates Oil Minister Mohammed ... yet "out of the woods", but added oil prices at around $80 a barrel signalled a ...

  • Raising output not on OPEC agenda now 7 Nov 2009 13:07 GMT
    ... DUBAI - United Arab Emirates Oil Minister Mohammed Al Hamli said on Saturday raising oil ... was not currently on the agenda for OPEC. ‘Right now increasing production is not on the ... yet ‘out of the woods’, but added oil prices at around $80 a barrel signalled a ...

  • That '70s Crisis 7 Nov 2009 02:56 GMT
    ... A capitalist economy is like a very complex machine. It involves millions of individuals and capitalist ... in Vietnam. “If instead of in 1973, OPEC had tried to raise prices and restrict production in ...

  • Petroleum Complex Outlook for November 6, 2009 7 Nov 2009 03:00 GMT
    ... - An Excerpt from CRB'S Futures Market Service Crude oil prices corrected down to a 3-week low before ... Libya's top oil official who said that OPEC may keep production quotas unchanged when it meets next ...

  • Bullion reaches $1,100 but crude tumbles 7 Nov 2009 03:11 GMT
    ... Published: November 7 2009 02:00 | Last updated: November 7 2009 02:00 hit a fresh peak ... above $1,100 an ounce yesterday but crude oil prices fell as a disappointing rise in US ... week. Jose Botelho de Vasconcelos, president of Opec, said oil prices were "more or less at ...

  • OPEC basket price down 15 cents to USD 77.45 pb 6 Nov 2009 14:37 GMT
    ... Nov 6 (KUNA) -- The price of OPEC basket of twelve crudes retreated 15 cents ... to USD 77.60 the previous day, the Organization of the Petroleum Exporting Countries (OPEC) said on Friday. The annual average ... economic bulletin said. Last week, US crude oil price settled at USD 80.00 pb apparently affected ...

  • Jim Rogers Vs Nouriel Roubini, Can The Commodities Boom Survive? 6 Nov 2009 18:21 GMT
    ... - The debate is now open. Commodities, like equities have enjoyed fantastic and fantastically volatile price ... 2004-2007 'Petro Keynesian growth' interlude. Driven by oil price growth, and limited supply growth of other ... ? To be sure, oil has big-bad OPEC to supposedly limit oversupply anytime demand weakens, ...

  • Price of Kuwaiti crude oil mildly hikes 6 Nov 2009 14:37 GMT
    ... 6 (KUNA) -- Price of Kuwaiti crude oil price increased 11 cents reaching the level of ... of the bullish prices of the crude. Organization of the Petroleum Exporting Countries (OPEC) says some of the top hot issues ...

  • Roubini: Commodities Due for a Correction 6 Nov 2009 23:12 GMT
    ... From crude to copper, from gold to silver, most commodities have been on a tear lately—but is ... correction in commodity prices in 2010. Take oil prices: They have gone up from $30/barrel to ... are just talking their books. Crigger: Is OPEC still effective at managing oil prices? In the ...

  • Supply hopes boosted after Exxon and Shell win Iraq oil deal 6 Nov 2009 03:30 GMT
    ... Supply hopes boosted after Exxon and Shell win Iraq oil deal Published: November 6 2009 02:00 ... . the issue of re-incorporating Iraq into Opec's system of production targets will quickly re-emerge as ... the global economy's weak recovery." To boost oil prices, which have fallen by almost half since ...

  • We think BG Group will deliver attractive returns 6 Nov 2009 12:18 GMT
    ... reported a 39% drop in third-quarter earnings from the same period a year ago despite ... In our base scenario, we assume long-run oil prices of $80 per barrel and natural gas ... Although oil prices are somewhat protected by OPEC, there is no similar influence in the regional ...

  • Should the President Go to Cape Coast Or Elmina? 6 Nov 2009 19:33 GMT
    ... Accra — All over the country, the recent 5% increase in fuel prices are stoking popular ... issues. Yes, the NDC government has increased oil prices, and the disposable incomes of Ghanaians have ... drilling our own oil, Ghanaians would pay OPEC-determined prices for crude oil. The arguments that ...

  • Gold maintains push towards $1,100 level 6 Nov 2009 11:34 GMT
    ... Published: November 6 2009 10:42 | Last updated: November 6 2009 10:42 Gold traded within touching ... of its record high on Friday while oil prices rose and base metals inched higher in ... barrel. Jose Botelho de Vasconcelos, president of Opec, said during an oil sector meeting in Ecuador ...

  • Gold passes $1,100 level 6 Nov 2009 19:15 GMT
    ... Published: November 6 2009 10:42 | Last updated: November 6 2009 18:57 hit a fresh peak ... $1,100 an ounce on Friday but crude oil prices fell as a disappointing rise in US ... week Jose Botelho de Vasconcelos, president of Opec, said oil prices were “more or less at ...

  • Economic growth and costly oil 6 Nov 2009 17:32 GMT
    ... Nov 6, 2009 11:59 AM, By Hembree Brandon, Farm Press Editorial Staff The 20-cents per gallon spike ... of sound fiscal policy, but also by oil prices north of $140 per barrel that were ... records each quarter, while mega-billions flowed into OPEC coffers. In the year-plus of the world trying ...


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