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OPEC & Stock Market News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC & Stock Market News

  • Oil prices wobble on recovery concerns 20 Nov 2009 21:35 GMT
    ... had hoped. The oil market "followed the stock market and the dollar," said analyst Andy Lipow of Lipow Oil Associates. The dollar, a ... in the week ending November 13. Meanwhile, OPEC president Jose Maria Botelho de Vasconcelos has ...

  • Oil slips towards $77 as dollar gains 20 Nov 2009 10:42 GMT
    ... PERTH (Reuters) - Oil prices steadied below $78 a ... after a firmer U.S. dollar and weak stock markets triggered a 2 percent fall the previous day. Asian shares followed U.S. stock markets ... in a report. On the supply side, OPEC seaborne oil exports, excluding Angola and Ecuador, ...

  • Oil steady at below $78, traders seek fresh cues 20 Nov 2009 04:20 GMT
    ... PERTH (Reuters) - Oil prices steadied below $78 a ... after a strong U.S. dollar and weak stock markets triggered a 2 percent overnight fall. Asian shares followed U.S. stock markets lower, ... in a report. On the supply side, OPEC seaborne oil exports, excluding Angola and Ecuador, ...

  • Oil falls more than $2 on equities, dollar 19 Nov 2009 22:12 GMT
    ... "Crude futures are down today because the stock market is under selling pressure as investors are assessing ... $7 band. On the supply side, the Organization of the Petroleum Exporting Countries should hold ...

  • Oil falls more than $US2, eyes equities, US dollar 19 Nov 2009 20:19 GMT
    ... "Crude futures are down today because the stock market is under selling pressure as investors are assessing ... $US7 band. On the supply side, the Organization of the Petroleum Exporting Countries should hold ...

  • Oil falls more than $2, eyes equities, dollar 19 Nov 2009 19:34 GMT
    ... "Crude futures are down today because the stock market is under selling pressure as investors are assessing ... $7 band. On the supply side, the Organization of the Petroleum Exporting Countries should hold ...

  • Oil prices hit new high 19 Nov 2009 19:17 GMT
    ... Oil prices rose to a new six-month high ahead of the meeting of the Opec oil cartel in Vienna. Crude oil for ... prices tracked a sharp rise in US stock markets after better than expected consumer confidence data. Traders also reacted to reported ...

  • The Next Three Booming Sectors 19 Nov 2009 17:56 GMT
    ... Over the last 10 years the stock market has returned 0%. But with a little guidance you could have done much better... Energy ... accomplished. China is to rare earths what OPEC is to oil. Only stronger. Back in ...

  • The four most dangerous words in investing 19 Nov 2009 12:58 GMT
    ... in the developed world looks like in stock market terms. Then, the combination of an Opec oil embargo, inflation and recession caused corporate ... inflation and recession caused corporate profits and stock markets to fall worldwide. In Britain, things were uniquely poor. In 1973, the imposition ...

  • 'This time it's different' are still the four most dangerous words in investing 19 Nov 2009 11:53 GMT
    ... in the developed world looks like in stock market terms. Then, the combination of an Opec oil embargo, inflation and recession caused corporate ... inflation and recession caused corporate profits and stock markets to fall worldwide. In Britain, things were uniquely poor. In 1973, the imposition ...

  • Oil Rises a Third Day as Industry Report Shows Lower Stockpiles 18 Nov 2009 13:36 GMT
    ... Nov. 18 (Bloomberg) -- Oil advanced for a third day, ... that the global economy is improving. U.S. stock markets gained for a third day yesterday. European and Asian equities climbed as well. “We’re ... much importance,” Saltvedt at Nordea Bank said. “OPEC members have said the group won’t officially ...

  • Dollar doing the right thing 18 Nov 2009 10:10 GMT
    ... says, the Organization of Petroleum Exporting Countries (OPEC) publishes its benchmark reference price for crude ... the lows in many of the world's stock markets - the US Dow Jones Industrial Average hit its low, at 6,544, last March ... that rises along with volatility in the stock market. In most cases, high VIX readings are ...

  • Globalization and terror: Dollar militarism, ALBA humanism 17 Nov 2009 14:33 GMT
    ... 1% - and game it in the stock market, in commodities markets, in currency markets. They do all kinds of things ... Ecuador and Venezuela are both members of OPEC. ALBA's example is likely to be an ...

  • £5 a gallon by Christmas... DESPITE fall in the cost of oil 16 Nov 2009 23:52 GMT
    ... 'It is speculators and spivs on the stock market as well as the Government who are keeping prices high. The oil companies are profiting ... beginning to alarm producer countries. The Arab-dominated OPEC oil cartel said last week that it ...

  • Petrol up 26% in one year: £5 a gallon by Christmas... DESPITE fall in the cost of oil 16 Nov 2009 23:13 GMT
    ... 'It is speculators and spivs on the stock market as well as the Government who are keeping prices high. The oil companies are profiting ... beginning to alarm producer countries. The Arab-dominated OPEC oil cartel said last week that it ...


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