Newsmeme!
Discover News you didn't know existed

• home
• news
• tagging
• how it works
• about
• data

Sour Crude Oil

News

Opec cuts boost prices

Published January 6, 2009, 6:46 pm, Financial Times

Oil prices rose above $50 a barrel on Tuesday amid a growing belief that Opec is succeeding in delivering cuts in production. Oil traders have been largely sceptical about the cartel carrying out the three output cuts totalling 4.2m barrels a day it has announced since September.

Full Story

Tags

No tags found at this time. Be the first to tag this news item, learn more.

Imagery

Related Sour Crude Oil Stories

From Various News Sources

Oil slips below $43 per barrel - Financial Express
Singapore : Oil hovered below $43 on Thursday after tumbling 12 per cent overnight, its largest per centage drop in seven years, as a US government report showed crude stocks rose much more than expected in the world's top energy consumer. The market ...

Oil rises in Asian trade - The Age
Oil prices rose in Asian trade Friday on fears the conflict between Israel and Hamas in Gaza will further intensify, analysts said. New York's main futures contract, light sweet crude for February delivery, was up 75 US cents to $US42.45 dollars a ...

Venezuelan unions say OPEC cuts prompted layoffs - PR Inside
CARACAS, Venezuela (AP) - Union leaders tied to Venezuela's oil industry said Thursday 4,000 contract workers have been dismissed this year as the nation begins to implement new OPEC production cuts. In Venezuela's oil-rich, western state of Zulia ...

Saudi poised to deepen oil supply cuts - ArabianBusiness.com
Top crude oil exporter Saudi Arabia will deepen its supply cuts in February from January levels to Asian consumers to their lowest in almost five years, industry sources said on Friday, as it strives to support oil prices. Adding to larger curbs from ...

Saudi deepens Feb crude supply cuts to Asia - Guardian Unlimited
Customers around the region had expected Saudi Arabia to cut supplies more to stay in line with OPEC's aim to reduce output and boost oil prices that have fallen more than $100 from a record high above $147 a barrel last July.

Oil prices extend declines - CNN Money
NEW YORK (CNNMoney.com) -- Oil prices extended their declines Thursday as further signs of economic weakness signaled a slowdown in demand. U.S. crude for February delivery fell $1.30 to $41.33 a barrel. A much larger than expected buildup in crude ...

OPEC Cuts Biting Into Oil Cos' Output Growth Areas - CattleNetwork.com
LONDON (Dow Jones)--Oil majors that derive a large part of their income from production in member states of the Organization of the Petroleum Exporting Countries are finding the cartel's production cuts are hampering growth prospects in some of their ...

Venezuela reduces oil output by 189,000 barrels per day under OPEC ... - Newsday
CARACAS, Venezuela (AP) ? Venezuela says it is reducing oil output by 189,000 barrels per day under new OPEC production cuts. Venezuela says it will stop shipping 166,000 barrels a day to the United States, 18,000 to China and 5,000 to Europe. It ...

Oil producer cuts output after Opec call - New Zealand Herald
CARACAS - Venezuela says it is reducing oil output by 189,000 barrels per day under new Opec production cuts. Venezuela says it will stop shipping 166,000 barrels a day to the United States, 18,000 to China and 5,000 to Europe. It says the cuts will ...

Venezuela reduces oil production by 189,000 barrels per day under OPEC ... - 680 News
CARACAS, Venezuela - Venezuela says it is reducing oil output by 189,000 barrels per day under new OPEC production cuts. Venezuela says it will stop shipping 166,000 barrels a day to the United States, 18,000 to China and 5,000 to Europe. It says the ...

Related Social Bookmarks

None found at this time.