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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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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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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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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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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.
Home > Rss Directory > Business > CNN
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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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.
Home > Rss Directory > Business > NY Time
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.
Home > Rss Directory > Business > NY Time
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.
Home > Rss Directory > General > NY Time
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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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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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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Oil price drop biggest in 17 years
Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal Reserve Chairman Ben Bernanke.
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AHN - Oil Prices See Steep Drop On Inventory Data
(AHN) - The price of crude oil dropped for a second consecutive day after weekly inventories showed a build in supply levels, opposed to an expected decline. - Wed, 16 Jul 2008 15:49:20 GMT (AHN)
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OPEC Is Expected to Keep Oil Production Unchanged
Although the United States is seemingly heading toward a recession, OPEC may soon have to cut its output to offset a seasonal demand slowdown in the spring.
Home > Rss Directory > Business > NY Time
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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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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Brazil dances with OPEC
OPEC, the 13-nation cartel that has a huge influence over oil prices, may be expanding farther into South America.
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Oil Falls on OPEC Worries
Futures dropped below $100 on the possibility that OPEC will raise production and on expectations that crude inventories are continuing to rise.
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