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08 November 2009 UAE Oil Minister Mohammed Al Hamli said yesterday that raising oil production was not currently on the agenda for OPEC. OPEC meets on December 22 to decide on production policy. Full Article at Zawya.com
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DUBAI - United Arab Emirates Oil Minister Mohammed Al Hamli said on Saturday raising oil production was not currently on the agenda for OPEC. ‘Right now increasing production is not on the agenda,’ Hamli told reporters in Dubai. Full Article at Khaleej Times
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Journalists interview OPEC ministers during the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009. View Photo »
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Saudi Arabia runs the cartel (OPEC) so when they want to keep prices up, they price it so that no one wants it
SOURCE: Huffington Post -
UAE Oil Minister Mohammed Al Hamli said yesterday that raising oil production was not currently on the agenda for OPEC. OPEC meets on December 22 to decide on production policy. Full Article at 7 Days
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DUBAI // The UAE has joined a growing OPEC contingent that has been calling for the group to stay the course on production cuts when it meets on December 22. Full Article at The National Newspaper
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The only way that this analyst can reconcile the (apparently optimistic) behavior of US investors with the (neutral to negative) underlying facts is that investors are emotionally “comfortable” with what the Bernanke/Geithner team is doing. Full Article at The Market Oracle
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Journalists interview OPEC ministers during the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009. View Photo »
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International oil companies have formed at least five consortiums to bid on the massive Carabobo project in Venezuela's Orinoco heavy oil belt, sources involved in the process said. Full Article at Energy Tribune
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Research and Markets: Kuwait Oil and Gas Report Q4 2009 - Between 2008 and 2018, an Increase is Forecasted in Kuwaiti Oil Production of 29.3%
Street InsiderThe Kuwait Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kuwait's oil and... Full Article at Street Insider
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Journalists interview OPEC ministers during the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
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Getty Images
Journalists interview OPEC ministers during the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
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Getty Images
OPEC president Eng Jose Maria Botelho de Vasconcelos of Angola opens the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
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Getty Images
OPEC president Eng JoseMaria Botelho de Vasconcelos of Angola (L) and OPEC Secretary General Abdalla Salem El-Badri (R) of Libya open the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
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Reuters Pictures
OPEC Secretary General Abdullah al-Badri smiles during a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
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Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos prepares for a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
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Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos listens during a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
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Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos (L) and OPEC Secretary General Abdullah al-Badri address a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna Septembe...
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Getty Images
OPEC president Jose Maria Botelho de Vasconcelos of Angola opens the 154th regular OPEC meeting in Vienna on September 9,2009.
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Reuters Pictures
OPEC Secretary General Abdullah al-Badri addresses a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
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Reuters Pictures
OPEC Secretary General Abdullah al-Badri addresses a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
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Reuters Pictures
OPEC Secretary General Abdullah al-Badri addresses a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
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Reuters Pictures
OPEC Secretary General Abdullah al-Badri addresses a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
View Photo » -
Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos leaves a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna September 10, 2009.
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Reuters Pictures
Angola's Oil Minister and OPEC President Jose Maria Botelho de Vasconcelos (C) and OPEC Secretary General Abdullah al-Badri (R) prepare for a news conference in the Organization of the Petroleum Exporting Countries (OPEC) headquarters following a meeting of OPEC oil ministers in Vienna...
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AP Photo
OPEC Secretary General Abdalla Salem El-Badri, from Libya, speaks at a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept. 10, 2009.
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AP Photo
Jose Maria Botelho de Vasconcelos, president of the OPEC conference and minister of petroleum from Angola, speaks at a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept. 10...
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AP Photo
OPEC Secretary General Abdalla Salem El-Badri, from Libya, speaks at a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept. 10, 2009.
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AP Photo
Jose Maria Botelho de Vasconcelos, president of the OPEC conference and minister of petroleum from Angola, leaves after a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept....
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AP Photo
Jose Maria Botelho de Vasconcelos, president of the OPEC conference and minister of petroleum from Angola, sits down for a news conference following the 154th meeting of the Organization of the Petroleum Exporting Countries (OPEC) at their headquarters in Vienna, Austria, Thursday, Sept...
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Reuters Pictures
OPEC President Jose Botelho de Vasconcelos talks to journalists at the beginning of a meeting of OPEC oil ministers in Vienna September 9, 2009. The worst of the global economic crisis is over but significant uncertainty over oil prices remained, De Vasconcelos said on Wednesday.
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Reuters Pictures
OPEC President Jose Botelho de Vasconcelos talks to journalists at the beginning of a meeting of OPEC oil ministers in Vienna September 9, 2009. The worst of the global economic crisis is over but significant uncertainty over oil prices remained, De Vasconcelos said on Wednesday.
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Getty Images
Iran's oil minister Masoud Mirkazemi arrives to OPEC headquarters for an early meeting on the eve of the 154th regular OPEC meeting in Vienna on September 8, 2009.
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Kuwait's Oil Minister Sheikh Ahmad Abdullah al-Sabah arrives to OPEC headquarters for an early meeting on the eve of the 154th regular OPEC meeting in Vienna on September 8,2009.
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AP Photo
President of the OPEC conference and Minister of Petroleum Jose Maria Botelho de Vasconcelos from Angola gestures as he speaks to journalists prior to the start of the 154th meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria,...
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Journalists interview OPEC ministers during the 154th regular meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna on September 9, 2009.
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Saudi Arabia runs the cartel (OPEC) so when they want to keep prices up, they price it so that no one wants it
SOURCE: Huffington Post -
We do think there will be more OPEC oil in the market as OPEC tries to keep oil below $80 a barrel
– Phil Flynn SOURCE: Bloomberg.com -
We believe next year we will do even more. The Arab OPEC fund has approved US$10m; the World Bank has released $20m while the Dutch have released $10m
SOURCE: AllAfrica.com -
Energy demand is still soft, OPEC quotas are being exceeded with impunity evidenced by the fact that crude oil inventories are still relatively high, while geopolitical variables, like Iran and Nigeria, seem to be fading as perennial bullish wild cards
SOURCE: Wall Street Journal -
At this time it (the oil market) is more dependent on the direction of the dollar than it is on whatever the DOE, OPEC, China or even Goldman Sachs has to say
SOURCE: Financial Post -
The price of oil was pushed back below the $80 mark by the thought of OPEC increasing production at their next meeting in December and increased concerns over banking sector liquidity
SOURCE: Bloomberg.com -
There is confidence in this minister, he has done a good job for Libya and OPEC, and there is still confidence in him internally and externally
SOURCE: Wall Street Journal -
There's no one else who could do the job, this is a very positive sign. Ghanem knows the market, he knows the people and he has a great dialogue with other OPEC ministers and the oil industry as a whole
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Energy demand is still soft, OPEC quotas are being exceeded with impunity while geopolitical variables, like Iran and Nigeria, seem to be fading
SOURCE: Bloomberg.com -
Each country expresses its own viewpoint in this regard. But as far as I know there were no agreements between OPEC's member countries over the oil prices.
SOURCE: DNA India -
There are different opinions by different (OPEC) members about the oil prices... Some believe the price of $70-80 (per barrel) is high and some believe it is low
SOURCE: DNA India -
Iran has always been committed to crude production quotas set by OPEC and there has never been any violation by Iran in this respect
SOURCE: The National Newspaper -
OPEC made a concerted effort to stem its exports ... The result of that action was higher oil prices. So Russia was encouraged to produce more and sell more. Which is what it did.
SOURCE: Energy Tribune -
Energy bulls seem to be blindly betting on continued weakness in the dollar to fuel further gains, apparently ignoring the fact that almost everything else on the horizon is bearish to neutral, be it lackluster demand, excessive OPEC production, or receding geopolitical tensions from places like Iran an...
SOURCE: MarketWatch -
There was not any strong fundamental factor for the move from US$75 to US$80. Now the market is looking for a fundamental story and OPEC is starting to make some noise
SOURCE: Financial Post -
Oil broke above resistance at $75. $80 is the next target although there is little in the way of fundamental support. OPEC is overproducing and even though there is talk of a severe winter, distillate stocks are at 26-year highs ... You have the November contract expiration. That could also weigh as it ...
SOURCE: International Business Times -
However, if the global economy recovers as the World Bank seems to think it will and, crucially, if international trade recovers with it, then OPEC will need to act promptly and decisively to raise its production once again in order to prevent a damaging repeat of last year's surge in oil prices towards...
SOURCE: United Press International -
We've been talking about this in OPEC. Venezuela agrees and there are other countries, such as Iran and Russia that are also on-side with this idea
SOURCE: Payvand News of Iran -
We have visited some countries but it is different here. We feel grateful and believe that OPEC and Nigeria are going to strenghten our relationship
SOURCE: AllAfrica.com -
The new law is in the best interest of our country and will strengthen Nigeria's position in crude production and by extension, the OPEC in reaching its goal in the global demand and supply equation. We are proud to be part of OPEC and to identify with it to meet the economic survival and wellbeing of m...
SOURCE: AllAfrica.com -
The new law is in the best interest of our country and will strengthen Nigeria's position in crude production and by extension, the OPEC in reaching its goal in the global demand and supply equation. We are proud to be part of OPEC and to identify with it to meet the economic survival and wellbeing of m...
SOURCE: AllAfrica.com
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