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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

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  • 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 ...

  • OPEC oil price inches above $42 16 Nov 2009 15:14 GMT
    ... The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) rose to $42.04 on Friday, the Vienna-based cartel announced on Monday. One barrel (159 litres) ...

  • WRAPUP 1-OPEC president says too early for output decision 16 Nov 2009 11:35 GMT
    ... $80 per barrel not too high for oil price ABU DHABI, Nov 16 - OPEC president Jose Botelho de Vasconcelos said on ... meeting, as the market remained oversupplied. The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola, on Dec. ...

  • OPEC to keep production steadyKuwait exec 17 Nov 2009 09:33 GMT
    ... Ahmad Abdullah al-Sabah said on Tuesday the Organization of the Petroleum Exporting Countries (OPEC) will leave its production unchanged at its ... its meeting next month, adding that current oil price was "comfortable." "Nothing. [Quota will remain] as ...

  • OPEC to keep production levels unchanged - Kuwait 17 Nov 2009 09:12 GMT
    ... oil minister said on Tuesday he expected OPEC to keep production levels unchanged when it meets in ... cartel would push for better compliance. The Organization of the Petroleum Exporting Countries, which pumps more than a third of ... was a good price for oil. Global oil prices have received a boost from a weaker ...

  • OPEC president says too early for output decision 16 Nov 2009 12:13 GMT
    ... at 14:18 ABU DHABI, Monday (Reuters) - OPEC president Jose Botelho de Vasconcelos said on Monday ... meeting, as the market remained oversupplied. The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola, on December ... is a good price," he said. Global oil prices have rebounded nearly 73 percent so far ...

  • OPEC weekly oil prices decline with fluctuation 16 Nov 2009 14:53 GMT
    ... The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) kept dropping with fluctuation last week, falling by ... the Vienna-based cartel said Monday. The OPEC oil prices kept fluctuating during the five trading days ...

  • OPEC's Weekly Oil Prices Decline with Fluctuation 16 Nov 2009 19:53 GMT
    ... The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) kept dropping with fluctuation last week, falling by ... the Vienna-based cartel said Monday. The OPEC oil prices kept fluctuating during the five trading days ...

  • 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 ...

  • 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 ...

  • Rising oil price would hurt economic rebound - IEA 23 Nov 2009 22:15 GMT
    ... Oil prices would threaten a rebound in the global if they rise beyond current levels, the ... 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 ...

  • 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 lose ground 17 Nov 2009 13:54 GMT
    ... LONDON - World oil prices fell today as the dollar strengthened and after recent gains for crude ... $78.44 a barrel in London trading. "The oil price remains glued to movements in the dollar," ... expansion in the world's second-largest economy. Meanwhile, OPEC president Jose Maria Botelho de Vasconcelos has ...

  • Oil prices lose groundanalysts 17 Nov 2009 14:12 GMT
    ... LONDON—World oil prices fell on Tuesday as the dollar strengthened and after recent gains for crude ... $78.44 a barrel in London trading. "The oil price remains glued to movements in the dollar," ... economy. Meanwhile, Organization of Petroleum Exporting Countries (OPEC) president Jose Maria Botelho de Vasconcelos has ...


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