All publications by tag «OPEC»
2014, October, 30, 19:05:00OIL PRICES: UP & DOWN
Oil prices climb but stay below earlier 2014 levels
2014, October, 30, 19:00:00U.S. OIL PRICES
Crude Falls on Federal Reserve Stimulus Halt, U.S. Supply
2014, October, 29, 18:50:00MEXICO: OIL PRICE FALLING: $79/BBL
Mexico is poised to redraft part of next year’s federal budget after a steep fall in oil prices upended the country’s revenue assumptions.
2014, October, 27, 12:30:00OIL PRICES: FIFTH WEEK FALLING: $86/BBL
Global oil prices posted a fifth weekly loss as concerns about high supplies continued to weigh on prices.
2014, October, 25, 00:00:00SAUDI PLAYING VS
Oil prices have fallen by over 20% in the last couple of months. Brent is currently trading $30 below its summer spike to $115 per barrel and many are left wondering what the Saudis are playing at.
2014, October, 16, 21:30:00OIL 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, 22:20:00OPEC: 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, 22:15:00SAUDI: 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, 20:48:00KUWAIT & 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, 20:20:00OPEC: 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.