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OPEC's Khelil rules out oil price decline: APS (Reuters)
Reuters - OPEC President Chakib Khelil ruled out on Sunday an eventual oil price fall in view of strong Chinese and Indian demand, adding geopolitics and a weak dollar were behind the current spike, Algeria's APS news agency reported.
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OPEC's Khelil rules out oil price decline: APS
ALGIERS (Reuters) - OPEC President Chakib Khelil ruled out on Sunday an eventual oil price fall in view of strong Chinese and Indian demand, adding geopolitics and a weak dollar were behind the current spike, Algeria's APS news agency reported.
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AHN - Oil Suffers Big Decline On OPEC, Bernanke Comments
(AHN) - The price of crude oil sold off roughly 5 percent on Tuesday, settling at $137.99 a barrel, sparked by reduced demand estimates from OPEC. - Tue, 15 Jul 2008 18:33:12 GMT (AHN)
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Oil falls despite Opec output cut
Oil prices decline as weaker global demand for crude offsets Opec's surprise decision to reduce production levels.
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Opec warns oil could reach $200
Opec, the oil producing cartel, warns that the price of crude could reach $200 a barrel as oil prices hover near $120.
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House passes bill to sue OPEC over oil prices (Reuters)
Reuters - The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.
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U.S. arms sales to OPEC at risk over oil: senators
WASHINGTON (Reuters) - Democrats in the U.S. Senate stepped up their attacks on OPEC oil producers on Thursday, threatening to block billions of dollars in arms sales to suppliers such as Saudi Arabia if they fail to take action to tame record oil prices.
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House passes bill to sue OPEC over oil prices
WASHINGTON (Reuters) - The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.
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FUTURES MOVERS Oil ends higher; traders eye storm, OPEC, dollar - MarketWatch
AFPFUTURES MOVERS Oil ends higher; traders eye storm, OPEC, dollarMarketWatch - 3 hours agoBy Myra P. Saefong & Polya Lesova, MarketWatch SAN FRANCISCO (MarketWatch) -- Crude futures closed higher Monday, though well below the day's high near $110 a barrel, as the US st
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US unveils new rules on overseas oil trades - Reuters
RTT NewsUS unveils new rules on overseas oil tradesReuters - 55 minutes agoBy Chris Baltimore WASHINGTON (Reuters) - US oil futures regulators on Tuesday unveiled a plan to slap the first trading limits on oil contracts that change hands on a London electronic exchange
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U.S. sees Russia, China and OPEC financial threat (Reuters)
Reuters - The United States is worried that Russia, China and OPEC oil-producing countries could use their growing financial clout to advance political goals, the top U.S. spy chief told Congress on Tuesday.
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Don't count on OPEC
Could turning on the oil spigot put an end to the huge run in the price of oil? Don't bet on it.
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U.S. sees Russia, China and OPEC financial threat
WASHINGTON (Reuters) - The United States is worried that Russia, China and OPEC oil-producing countries could use their growing financial clout to advance political goals, the top U.S. spy chief told Congress on Tuesday.
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Oil Falls $1 After OPEC Statement
Oil prices fell after OPEC said that supply was sufficient and a shipping source said that Saudi Arabia planned to raise spot market oil exports to the United States this month.
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Oil Pushes Past $127 After OPEC Remarks
Oil rose back above $127 a barrel after OPEC’s president said the producer group will not call an early meeting and was unlikely to raise supply as the world had enough oil.
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Oil prices: OPEC's high wire act
High oil prices are a drag on the economy, but OPEC isn't likely to raise production at its special meeting next week. But experts say the cartel is on track to meet worldwide demand - and keep prices from rising further - in the long run.
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Oil Hits $104 as OPEC Rebuffs Bush
Oil prices reached a new record as OPEC refused to increase its production, blaming speculators and mismanagement of the U.S. economy for high prices.
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METALS STOCKS Gold futures decline on higher dollar, weaker oil - MarketWatch
ABC NewsMETALS STOCKS Gold futures decline on higher dollar, weaker oilMarketWatch - 4 hours agoBy Polya Lesova & Joyce Koh, MarketWatch NEW YORK (MarketWatch) -- Gold futures accelerated their decline Monday, as a rise in the US dollar and declining oil prices continue
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OPEC Is Expected to Maintain Output Despite Price Drop
The cartel is scheduled to meet in a late-night session to consider how to respond to a 30 percent drop in oil prices since July.
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OPEC Is Expected to Maintain Output Despite Price Drop
The cartel is scheduled to meet in a late-night session to consider how to respond to a 30 percent drop in oil prices since July.
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