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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 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, ...

  • 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 ... cartel would push for better compliance. The Organization of the Petroleum Exporting Countries, which pumps more than a third of ... producer group would do at its next meeting. Compliance with agreed cuts has been slipping ...

  • Too early to talk about output changes: OPEC 16 Nov 2009 07:13 GMT
    ... ABU DHABI - OPEC president Jose Botelho de Vasconcelos told it ... decision on production changes before the December meeting because the market was still oversupplied. "The ... per cent," Botelho de Vasconcelos added. The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola, on December ...

  • WRAPUP 1-OPEC president says too early for output decision 16 Nov 2009 09:44 GMT
    ... ABU DHABI, Nov 16 (Reuters) - OPEC president Jose Botelho de Vasconcelos said on ... decision on production changes before its December meeting, as the market remained oversupplied. The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola, on Dec. ...

  • OPEC head says $80 a barrel 'good price' 16 Nov 2009 09:53 GMT
    ... ABU DHABI—(UPDATE) The president of Organization of the Petroleum Exporting Countries (OPEC) told reporters Monday that $75 to $80 ... members will review production quotas during a meeting in Luanda on December 22. De Vasconcelos ...

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

  • 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 ...

  • IEA says sees little OECD oil demand recovery 17 Nov 2009 17:14 GMT
    ... patchy state of global recovery could prompt OPEC to keep output steady at its next meeting, the International Energy Agency (IEA) said on ... levels does not make any sense." The Organization of the Petroleum Exporting Countries will meet in Luanda, Angola on Dec. ...

  • Forecast for Crude Oil 17 Nov 2009 23:11 GMT
    ... Led by a global recovery, reduced production, and dollar weakness, oil prices reached above $80/bbl ... The Organization of the Petroleum Exporting Countries’ (OPEC) agreement last year to cut oil production ... most likely raise output at its next meeting on December 22 in order to protect ...

  • 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 ...

  • 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, ...

  • Oil rises 1% 23 Nov 2009 11:52 GMT
    ... would also probably be capped by the Organization of the Petroleum Exporting Countries (OPEC), which has indicated that any quick run-up ... and the minutes of Fed's last policy meeting the day after, for signs of recovery ...

  • Oil rises more than 1% on weaker greenback 23 Nov 2009 12:35 GMT
    ... would also probably be capped by the Organization of the Petroleum Exporting Countries (OPEC), which has indicated that any quick run-up ... and the minutes of Fed's last policy meeting the day after, for signs of recovery ...

  • OPEC head: $75 to $80 a barrel a 'good price' 16 Nov 2009 11:14 GMT
    ... OPEC head: $75 to $80 a barrel a ... Botelho de Vasconcelos, opens the 154th regular meeting of the Organization of Petroleum Exporting Countries ...

  • OPEC concern about future demand 16 Nov 2009 17:02 GMT
    ... Last Updated: November 16. 2009 8:25PM UAE / November 16. 2009 4:25PM GMT The president of OPEC has expressed concern about future oil demand ... Just weeks before a December 22 OPEC meeting in the Angolan capital Luanda, he urged ...


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