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Wednesday November 25, 2009
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OPEC Meeting News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC Meeting News

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  • OPEC likely to maintain output level: Algeria 25 Nov 2009 18:30 GMT
    ... ALGIERS (AFP) – The OPEC oil exporting group is likely to maintain ... to re-examine its production quotas at its meeting next month. and Kuwait have already said ...

  • 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 (pb) ... in the Organization of Petroleum Exporting Countries (OPEC) in October. OPEC will hold a meeting on December 22 in Angola to discuss ...

  • Crude Oil Drops Below $76 as Weaker US Growth May Cut Demand 25 Nov 2009 06:16 GMT
    ... Nov. 25 (Bloomberg) -- Oil was little changed ... The group agreed at its Sept. 9 meeting in Vienna to maintain production quotas at 24.845 million ...

  • African Markets - Factors to watch on Nov 25 25 Nov 2009 06:10 GMT
    ... Nov 25 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market ... NIGERIA OIL The Nigerian oil minister wants OPEC to limit output until the global economy fully ... A two-day Pan-African Islamic Banking and Finance Summit begins. Officials are expected to address challenges ...

  • OPEC basket price up 95 cents to USD 76.73 pb 24 Nov 2009 19:14 GMT
    ... Nov 24 (KUNA) -- The price of OPEC basket of 12-crudes gained 95 cents on ... USD 75. 78 the previous day, the Organization of the Petroleum Exporting Countries (OPEC) announced. According to OPEC bulletin, the ... January, 2009. In December, the 155th extraordinary meeting of the OPEC will be in Luanda, ...

  • Oil falls below $77 ahead of U.S. stocks data 24 Nov 2009 15:00 GMT
    ... of the U.S. Federal Reserve's last policy meeting, traders will be scouring the numbers for ... 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 ...

  • Vienna to mull Nabucco & South Stream 24 Nov 2009 11:16 GMT
    ... Vienna to mull Nabucco & South Stream The ... of governments, international organizations and companies, particularly, OPEC, the Ministry of Petroleum and Mineral Resources of ...

  • 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 place in Luanda, Angola, ...

  • VLCCF - Third Quarter 2009 and Nine Months Results 24 Nov 2009 10:54 GMT
    ... * Knightsbridge reports net income of $3.1 million and earnings per share of $0.18 for ... ("IEA") reported in October 2009 an average OPEC oil production, including Iraq, of 28.83 million ... levels unchanged. The next and 155th OPEC meeting is scheduled to take place on December ...

  • Urals Crude Falls to 6-Month Low on Increased Production 24 Nov 2009 00:45 GMT
    ... Urals Crude Falls to 6-Month Low on Increased Production MOSCOW — Urals oil, Russia’s benchmark export ... weakening refining margins reduce demand and increasing OPEC production boosts supplies of alternative oil types. Urals ... Poegl, an analyst at JBC Energy in Vienna. “In addition to weak demand, you have ...

  • 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 ... of the world's oil, holds its next meeting to discuss output levels on December 22. ...

  • Venezuelan says OPEC's aim is stable oil market 24 Nov 2009 16:54 GMT
    ... Algiers, Nov 24, 2009 (EFE via COMTEX) -- Venezuela's energy minister said here Tuesday that the ... next month's Organization of Petroleum Exporting Countries meeting in Angola will be ensuring stability in global "OPEC will conduct in the Angola gathering a ...

  • 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 ... has all but vanished.” CGES said, “Obama’s meeting with his Chinese counterpart, Hu Jintao, did ...

  • The bulls & bears behind oil 19 Nov 2009 00:15 GMT
    ... in the market. Major forecasters, including the Organization of the Petroleum Exporting Countries, the International Energy Agency and the U.S. ... use triggered by financial crisis. Demand for OPEC crude is expected to stay low. Weak ... steady OPEC production policy. At its last meeting in September, OPEC acknowledged inventory levels at ...

  • Iran gained $5 billion on shift from U.S. dollar: state TV 23 Nov 2009 12:52 GMT
    ... the U.S. currency a "worthless piece of paper." At a 2007 heads of state summit of the Organization of the Petroleum Exporting Countries (OPEC), Iran suggested oil should be priced in a basket of currencies rather than dollars, ...


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