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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: OPEC

OPEC stories: 60 news summaries

41 - 60 of 60 Stories | << Prev 1 2 3

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Oil-Price Surge Fuels Global Investing Binge

Producers' deep pockets evident in Abu Dhabi's Citigroup outlay

Nov 28, 07 2:18 PM CST
(Newser) - Petrodollars have fueled an investing binge in companies ranging from chipmaker AMD to private-equity giant Carlyle Group to Citigroup. And, with nearly $5 billion in oil revenue gushing weekly into Persian Gulf nations, the spree won’t likely slow, the New York Times reports. “The oil-producing countries simply cannot... More »

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oil • OPEC • Dubai • Abu Dhabi • oil price • crude oil • petrodollar

All Eyes on OPEC for Oil Price Relief

Saudis expected to boost output as prices close in on $100

Nov 26, 07 4:18 AM CST
(Newser) - With oil prices poised to pass the $100 mark any day now, a pair of reports speculates that OPEC will cool the overheated market by boosting oil production, the Wall Street Journal reports. One consulting firm said OPEC, spurred by Saudi Arabia’s increased deliveries to the US, could up... More »

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Iraq • Iran • oil • Saudi Arabia • OPEC • United States • Abu Dhabi • oil price • crude oil • New York Mercantile Exchange

Oil Tops $99 as Dollar Sinks

 Weak greenback and strong demand could send crude over
$100 a barrel today

Nov 21, 07 4:05 AM CST
(Newser) - The price of oil hit a record high mere pennies from $100 a barrel and the dollar sunk to a new low in early trading today. Oil hit $99.29 but slipped back to $98.64. With cold weather hitting the US, and OPEC supplies limited, some analysts think oil... More »

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oil • OPEC • euro • oil price • crude oil • US dollar • commodities

Greenback Assaulted at
OPEC meeting

Dollar a 'worthless piece of paper,' Iran's president says

Nov 18, 07 9:52 PM CST
(Newser) - Calling it a "small and worthless piece of paper,” Iran’s president today urged OPEC's members to drop the depreciating US dollar as its official currency. Mahmoud Ahmadinejad blamed President Bush for the dollar’s decline and its adverse effects. The comments highlight mounting tension among OPEC members,... More »

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Iran • Saudi Arabia • Venezuela • King Abdullah • Mahmoud Ahmadinejad • OPEC • Qatar • foreign market • United Arab Emirates • Kuwait • oil price • US dollar • Hugo Chávez

Chavez Warns of $200 Oil if US Strikes Iran

But call to make OPEC 'geopolitical agent' rejected by Saudis

Nov 17, 07 6:48 PM CST
(Newser) - Crude oil prices could hit $150-$200 a barrel if Bush is “mad enough” to strike Iran, Venezuelan President Hugo Chavez warned today at the OPEC summit. “The basis of all aggression is oil,” said Chavez, arguing that OPEC should set itself up as “an active geopolitical... More »

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Iran • oil • Saudi Arabia • Venezuela • King Abdullah • OPEC • oil price • Hugo Chávez • oil supply

Oil Drops to
$91 as Rush
to $100 Stalls

Saudi oil minister blames speculators, says $60 is more like it

Nov 14, 07 7:37 AM CST
(Newser) - After gushing toward $100 a barrel, oil traded as low as $90.13 yesterday, closing at $91.17. Analysts said the downward pressure could continue as demand for oil slows and OPEC increases production, reports the Wall Street Journal. Saudi Arabia's oil minister, meanwhile, told the Globe and Mail... More »

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Saudi Arabia • OPEC • solar energy • oil price • crude oil

Gas Prices Likely to Climb 20 Cents by Next Month

Even if OPEC increases production and oil gets cheaper, it'll cost you

Nov 13, 07 4:41 PM CST
(Newser) - Gas prices will go up at least another 20 cents in December, and they could climb further after that if OPEC doesn't increase production, says a top Energy Department forecaster. Gas prices will keep rising even if crude prices fall, says Guy Caruso, because the refiners haven't fully passed along... More »

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OPEC • gas prices

Dow Dips Below 13K

Markets seesaw, close down

Nov 12, 07 3:38 PM CST
(Newser) - The Dow closed below 13,000 today after seesawing on bad news from the financial sector and falling oil prices. The Dow finished at 12,987.55, down 55.19, after E*Trade said further mortgage-related write-downs might come—and its shares dropped 56%. The Nasdaq slid 43.81 to close... More »

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Citigroup • Bank of America • Dow Jones • OPEC • mortgage • Nasdaq • E Trade • Blackstone • S&P 500 • JPMorgan Chase • financial crisis

US Crude Eases Below $96

Oil prices drop as Saudi Arabia says OPEC will discuss hiking output

Nov 12, 07 7:52 AM CST
(Newser) - Oil prices paused in their headlong rush to $100 a barrel today on news from the Saudis that OPEC will discuss raising output when the group's heads of state and oil ministers meet in Riyadh this week. US crude, which reached a record $98.62 Nov. 7, traded below $96... More »

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oil • OPEC • gas prices • oil price • crude oil

Oil Rises to Record High, Again

Breaks $93 a barrel on news of Mexican storm

Oct 29, 07 6:28 AM CDT
(Newser) - Oil prices topped $93 today, breaking another record on news that Mexican production would drop by 20% due to a storm. "This is on top of what has already been simmering,” said an analyst in Singapore. Prices have been breaking records for a week due to US-Iran tensions... More »

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Iran • Turkey • oil • Mexico • OPEC • oil price • gold • PeMex

Oil Hits $92 on Iran Anxieties

Analyst: "The door is open to $100"

Oct 26, 07 8:49 AM CDT
(Newser) - The price of oil surpassed $92 a barrel on US accusations that Iran supports terrorism and its attempt to apply pressure on other countries and companies to cut ties with the Mideastern nation. "The door is open to $100," an analyst tells Bloomberg, adding that the dispute will... More »

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Iran • oil • OPEC • oil price

Oil Hits $90 a Barrel

Weakening dollar and Mideast tensions bust a new record

Oct 19, 07 6:57 AM CDT
(Newser) - After five straight days of record-breaking, oil prices smashed the $90-a-barrel mark in after-hours trading overnight, pumped up by the weakening dollar and fears that Turkish military strikes across the border in Iraq could disrupt supplies. Investors pushed the price of light, sweet crude to $90.02 before it fell... More »

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oil • OPEC • oil price

Turkey's Threats Send Oil
to Record High Near $88

Many fear disruption of Kurdish pipelines

Oct 16, 07 8:32 AM CDT
(Newser) - Crude oil hit yet another record today, trading near $88 a barrel over fears that a looming Turkish attack on Northern Iraq would disrupt pipelines in the world’s third-largest oil producer. Turkey’s PM said he expected parliament to approve an incursion to root out PKK militants in the... More »

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Iraq • Turkey • Iraq oil • Kurdish Militants • OPEC • oil price • crude oil

Supply Worries Send Oil Near $80 a Barrel

US inventory drops, and OPEC production boost won't cover shortfall

Sep 12, 07 3:38 PM CDT
(Newser) - Crude oil hit nearly $80 a barrel today—its highest price ever—thanks to dwindling supply. US inventories fell by 7M barrels last week, much more than the 2.7M analysts predicted. OPEC announced a production increase of only 500K barrels, which Bloomberg reports will not meet seasonal demand increases.... More »

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OPEC • United States • credit crisis • oil price • crude oil • oil supply • oil crisis

OPEC Surprises Market With Boost in Oil

Lends hand to world economy dragged by US credit-market crisis

Sep 11, 07 8:36 PM CDT
(Newser) - OPEC surprised traders today by boosting oil production for the first time in a year, Bloomberg reports. Concerns over the U.S. market crisis dragging down the world economy inspired the spike of 500,000 barrels a day. The US reportedly prodded Saudi Arabia to overcome the opposition of other... More »

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oil • OPEC • fuel economy • global economy • oil price • crude oil

Mind the
Gaffe, Prez!

Word to Bush: It's APEC, not OPEC, and the troops are Australian, not Austrian

Sep 9, 07 7:44 AM CDT
(Newser) - As usual, President Bush didn't mind the gaffe and stumbled again—and again—this weekend on the eve of the Asia-Pacific Economic Cooperation gathering in Sydney. He referred to Australian troops as Austrian troops and called the APEC summit the OPEC summit., Reuters reports. "Thank you for being such... More »

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Australia • OPEC • John Howard • APEC • gaffe • George W. Bush

Oil Prices Approach All-Time High

Hopes set on sign from OPEC meeting that production will increase

Sep 7, 07 3:16 AM CDT
(Newser) - The price of oil approached a record high yesterday, hiking interest in next week’s OPEC meeting in Vienna, where observers hope the association will give some positive sign that production will increase. OPEC, however, seems divided on the matter, with the group’s president calling the market “very... More »

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oil • Middle East • gas • OPEC • gas prices • oil supply

Washington: 'Do As I Say, Not As I Do'

Bush asks others to cut back emissions as US bankrolls high-emission projects

Aug 12, 07 3:37 PM CDT
(Newser) - While Bush asks others to reduce emissions, Washington is promising to pay for a state-of-the-art oil refinery in India that will pump out 9 million metric tons of carbon dioxide a year. The Los Angeles Times says that this is only some of the smoke covering Washington’s tracks, as... More »

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climate change • Greenpeace • global warming • environmentalism • OPEC • Environmental Protection Agency • carbon emissions

OPEC Members May Seek More Foreign Funding

Soaring world demand breaks down resistance to international deals

Jun 6, 07 10:23 AM CDT
(Newser) - OPEC's new secretary-general says cartel members may be forced to attract more foreign investment to meet the world's expanding oil needs, the Wall Street Journal reports, a reversal of some countries' traditional opposition to cooperation with major Western producers. Oil-rich nations, currently riding high, may find themselves at a disadvantage... More »

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oil • BP • OPEC • Libya • biofuel • Abdalla el Badri • foreign investment

Nothing We Can Do About Those Prices, Says OPEC

It's not us, it's those stingy refiners

May 25, 07 8:47 AM CDT
(Newser) - Gas prices are soaring, but OPEC says that there's nothing it can do. Historically, the cartel has made big efforts to increase production when prices spike, but not his time, the Wall Street Journal reports. Members of OPEC say that there's plenty of crude being pumped; instead, the price increases... More »

MORE ABOUT:
oil • gas • OPEC • fuel • gas prices

41 - 60 of 60 Stories | << Prev 1 2 3


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