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Wednesday November 25, 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

  • 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 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 ...

  • Qatar faces slowdown after '10 growth' 24 Nov 2009 21:54 GMT
    ... From left: Maratheftis, Lyons and Shady Shaher talking to the media Qatar’s economy is expected ... strong investments, especially in infrastructure segment. Expecting oil price to be at $80-$85 a dollar in ... unlikely that production will be cut by Opec. On the base year effect on high ...

  • 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 ...

  • MARKET WATCH: Natural gas prices rise as crude closes flat 24 Nov 2009 19:31 GMT
    ... MARKET WATCH: Natural gas prices rise as crude closes flat -- Natural gas prices for December ... appears to be constrained by expectations surrounding OPEC policy, amid signs sent by the producing Group ... signs emerged last week to suggest that oil prices are ready to move into the $80-90/bbl ...

  • Oil slides as demand worries remain 24 Nov 2009 19:16 GMT
    ... World oil prices shed more than $1 on the back ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has signalled ...

  • 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 ...

  • Oil prices struggle to stay up USD 80 mark -- bulletin 24 Nov 2009 18:22 GMT
    ... KUWAIT, Nov 24 (KUNA) -- Oil prices hovered around the USD 80 mark as ... 2009 compared to original estimates. According to OPEC the world oil demand is expected to bounce back ...

  • IMF Executive Board Approves US$1.4 Billion Stand-By Arrangement with Angola 24 Nov 2009 16:51 GMT
    ... The Executive Board of the International Monetary Fund (IMF) today approved a 27-month Stand-By ... shock because of the sharp drop in oil prices. The global crisis hit the country during ... in the first quarter of 2009, while OPEC cut its oil production quotas in response, reducing Angola's ...

  • POLL - World oil demand growth to outpace supply in 2010 24 Nov 2009 13:51 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 ...

  • Oil mixed as demand worries remain 24 Nov 2009 13:36 GMT
    ... Oil prices diverged within a narrow range on lingering ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has signalled ...

  • Oil prices mixed amid demand concerns 24 Nov 2009 13:34 GMT
    ... New York's main contract, light sweet crude for January delivery, rose 28 cents to 77.74 dollars ... struggling to recover following the financial crisis. OPEC president Jose Maria Botelho de Vasconcelos has ... 2010 budget will be based on an oil price of 57 dollars a barrel. "The benchmark ...

  • World oil demand growth to outpace supply in 2010: poll 24 Nov 2009 13:10 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 ...

  • World oil demand growth to outpace supply in 2010 24 Nov 2009 12:54 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 ...

  • DHT Maritime, Inc. Reports Third Quarter 2009 Results 24 Nov 2009 12:51 GMT
    ... ST. HELIER, Channel Islands--(BUSINESS WIRE)-- DHT Maritime, Inc. (NYSE: ) today announced results ... storage as a result of a current oil price contango. Together with an increase in transportation ... deliveries and the effect of cuts in OPEC production. Cancellations and delays of future deliveries ...


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