All publications by tag «OPEC»
2014, October, 16, 21:30:00
OIL PRICES: ABOVE $80/BBL.
Bank of America Corp. and BNP Paribas SA predict prices will hold above $80 a barrel. Commerzbank AG also sees that level as a possible low for Brent crude. They’re in part counting on OPEC cutting output -- some say as soon as next month -- to compensate for recent declines in demand.
2014, October, 15, 22:20:00
OPEC: SWING PRODUCER
OPEC is resisting pressure to cut oil production while demand slumps as it tests how low prices must go to make U.S. shale oil unprofitable. As producers become more efficient, that floor is sinking.
2014, October, 15, 22:15:00
SAUDI: GLOBAL PRICE WAR
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.
2014, October, 14, 20:48:00
KUWAIT & SAUDI WON’T REDUCE: $76/BBL
Two of OPEC’s biggest members say they won’t immediately reduce oil production to offset tumbling prices, a signal the group is unlikely to heed Venezuelan calls for an emergency meeting.
2014, October, 12, 20:20:00
OPEC: OIL PRICE MOVEMENTS
The OPEC Reference Basket fell $4.77 to stand at $95.98/b in September, as sluggish demand and ample supply continue to weight on the oil market.
2014, October, 12, 20:15:00
OIL PRICE DROP HURTS OPEC
The continuing slump in global oil prices is punching holes in the budgets of oil-producing countries, including some OPEC members such as Iraq and Libya that are struggling with severe political and security problems.
2014, October, 11, 20:50:00
OIL: STABLE REDUCTION
Crude oil prices stabilised Friday after dropping significantly this week.
2014, October, 5, 14:05:00
OPEC PRICE WAR
Discord at OPEC is turning into a price war, loosening the cartel’s grip on the oil market and exacerbating a recent steep selloff.
2014, September, 28, 12:50:00
IRAN & OPEC: STOP PRICES
Iran’s oil minister called on Opec nations to work together to prevent a further slide in crude prices,
2014, September, 26, 23:00:00
2050: DOUBLE GAS DEMAND
"The lifting of sanctions on Iran would be a game changer for world gas market," said Dr Seyed Mohammad Hossein Adeli, secretary general of the Gas Exproting Countries Forum, Zawya news website has reported.