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Tuesday November 24, 2009
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OPEC & US Dollar News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC & US Dollar News

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  • US Dollar Carry Trade Threat To Chemicals 16 Nov 2009 13:11 GMT
    ... THE growth of the carry trade US dollars - leading to a sharp depreciation of the ... out that this concern is high within OPEC. *Chemicals import volumes into China destined for re-exports as ...

  • Iran gained $5 billion on shift from U.S. dollar: state TV 23 Nov 2009 12:16 GMT
    ... oil income in currencies other than the U.S. dollar, Iran's English-language Press TV reported on its ... the Organization of the Petroleum Exporting Countries (OPEC), Iran suggested oil should be priced in a ...

  • Kuwait crude oil sheds 44 cents to USD 77.39 bp Nov. 19 20 Nov 2009 20:35 GMT
    ... by 44 cents yesterday to stand at USD 77.39 per barrel (pb). Oil prices are ... range because of low value of the US Dollar and re-entry of speculators in oil markets, ... demand. The Organization of Petroleum Exporting Countries (OPEC) said high speculations in energy stock exchange ...

  • Oil prices hinge on USD exchange rate, global economic recovery 22 Nov 2009 16:14 GMT
    ... week but will be captive to the USD exchange rate, the outlook of the world ... on Wednesday. In the same day the US dollar exchange rate against a gold ounce plummeted ... of the Organization of Petroleum Exporting Countries (OPEC). The global cartel pledged to step in ...

  • Kuwaiti crude up to USD 77.21 Tuesday -- KPC 18 Nov 2009 17:55 GMT
    ... 87 cents over Monday's rate to reach USD 77.21 pb Tuesday, stated Kuwait Petroleum Corporation ... decline in the exchange rate of the US dollar against other main currencies was a main ... market. The Organization of Petroleum Exporting Countries (OPEC) seeks a 70-80 dollar range to meet ...

  • OPEC head says $75 to $80 a barrel a 'good price' 17 Nov 2009 05:13 GMT
    ... satisfactory price for oil, the president of OPEC said Monday, adding that the cartel may ... on economic figures, global equity markets and US dollar to find direction for crude oil prices," said ...

  • Kuwaiti crude up to USD 76.34 Monday -- KPC 17 Nov 2009 17:34 GMT
    ... and put on 36 cents to reach USD 76.34 pb Monday, stated Kuwait Petroleum Corporation ... decline in the exchange rate of the US dollar against other main currencies was a main ... market. The Organization of Petroleum Exporting Countries (OPEC) seeks a 70-80 dollar range to meet ...

  • OPEC: world oil demand to rise slightly in 2010 18 Nov 2009 23:34 GMT
    ... of 0.9%. In its latest monthly report, OPEC forecast that the world economy will grow ... revision to GDP numbers by the IMF. US dollar depreciation and rising equity prices also contributed to ...

  • OPEC head says US$75-80 a barrel a 'good price' 16 Nov 2009 09:14 GMT
    ... ABU DHABI: Seventy-five to 80 US dollars a barrel is a satisfactory price for oil, the president of OPEC told reporters in Abu Dhabi on Monday. "Seventy-five to 80 dollars a barrel is a good price... ...

  • Some OPEC Nations Charge Ahead Despite Slow Oil Demand 18 Nov 2009 16:34 GMT
    ... demand in the years ahead, but some OPEC nations are heading in the opposite direction and ... barrel, thanks in part to a weak U.S. dollar that is encouraging investors to buy higher-yielding ...

  • Kuwait says OPEC to keep production steady 17 Nov 2009 23:33 GMT
    ... Sheikh Ahmad Abdullah al-Sabah said on Tuesday OPEC will leave its production unchanged at its meeting next ... analysts expect stronger demand and a weakening U.S. dollar will help push prices higher. "I think ...

  • 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 ... 95 cents on Tuesday and settled at USD 76.73 per barrel (pb) compared to USD 75. 78 ...

  • OPEC will maintain oil prices stability - Venezuela 24 Nov 2009 19:16 GMT
    ... called here on Tuesday member States of OPEC to make a decision on maintaining the ... prices and led to their stability at USD 70 pb. Venezuela, he said, was producing 2.3 million pb. ...

  • OPEC head says USD 75 to 80 a barrel a `good price` 16 Nov 2009 19:11 GMT
    ... Abu Dhabi: USD seventy-five to 80 a barrel is a satisfactory ... satisfactory price for oil, the president of OPEC said on Monday, adding that the cartel ...

  • Oil prices hits USD 79 pb 17 Nov 2009 10:40 GMT
    ... oil prices where it hit Tuesday the USD 79 per barrel (pd) barrier, the highest in six weeks. ... was at 1.4970 Euro last night. Meanwhile, "OPEC will not increase quotas during its upcoming ...


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