Oil market very stable and healthy: Saudi minister
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Iraqi minister of oil Hussain Al-Shahristani at the OPEC meeting in ...Source: AFP
VIENNA: The oil market is "very stable and healthy" and the current price is "good for everybody", Saudi Oil Minister Ali al-Naimi said on arriving in Vienna on Tuesday ahead of a meeting of the OPEC crude cartel.
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- News Source: International Herald Tribune | 3 months agoFor members of the Organization of the Petroleum Exporting Countries, who were meeting here late Wednesday, today’s price seems just about right. For consumers, high prices obviously mean more expensive gas. But they also help make investments in...
- News Source: United Press International | 3 months agoThe Organization of Petroleum Exporting Countries last changed production quotas in September, cutting output by 4.2 million barrels a day to support price increases. Recently, IHS Cambridge Energy Research Associates said demand for oil would rise...
- News Source: Channel NewsAsia | 3 months agoOil prices edged up on Thursday amid a weakening dollar and falling crude inventories in the United States, the world's largest oil-consuming nation...New York's main contract, light sweet crude for October delivery, ended 63 cents higher from...
- News Source: Channel NewsAsia | 3 months agoAbdullah El-Badri told a press conference following a late-night meeting of the cartel at its Vienna headquarters. Ministers of oil-producing countries met in the Austrian capital late Wednesday night -- due to the Muslim fast of Ramadan -- to review...
- News Source: The Jakarta Post | 3 months agoOil ministers meeting in Vienna decided Thursday that the time wasn't ripe to cut the current output target of just under 25 million barrels a day. Omar Ibrahim told reporters: "While there are signs that economic recovery is under way, there remains...
- News Source: MarketWatch | 3 months agoThe Organization of the Petroleum Exporting Countries, as expected, decided late Wednesday to keep its output quota unchanged, reports said. The 12-nation group said "market fundamentals have remained weak," the Associated Press reported, even though...
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- Blog Source: www.investorsiraq.comDelegates already in Vienna ahead of the meeting of the Organisation of the Petroleum Exporting Countries to begin late on Wednesday said they were satisfied with the oil price, even though inventory levels were much higher than OPEC considers
- Blog Source: blog.taragana.comTraders are eyeing Wednesday's meeting of the Organization of Petroleum Exporting Countries in Vienna. OPEC President Jose Botelho de Vasconcelos, who is also Angola's oil minister, said last week that the 12-member group will likely ... “ Oil
- Blog Source: www.thebull.com.auOil extended its rise in Asian trade on Tuesday, lifted in part by improved investor sentiment about the global economy's recovery prospects, analysts said. Comments by oil kingpin Saudi Arabia that the market was "very stable and ... Saudi Oil
- Blog Source: blog.taragana.comSaudi Arabia, OPEC's No. 1 producer and most influential member, has said $75 a barrel is a fair price for both consumers and producers — a level that would allow for continued investments in the oil sector without undermining efforts at global
- Blog Source: www.kippreport.comCurrent crude oil prices, which range between $68 and $73 a barrel, suits everyone, Saudi Arabian Oil Minister Ali Al Naimi told reporters in Vienna. “The price is good for everybody, consumers, producers,” he said. “The market is very ...
- Blog Source: www3.signonsandiego.comOPEC's oil market report for August cautioned that "the market is still fundamentally weak amid ample stocks of crude and products." Prices in the short term, it said, "will depend largely on economic developments." But experts agree that markets
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- Video Source: www.truveo.comOPEC Meeting In Vienna: OPEC ...Video Source: www.truveo.comOPEC Meeting In Vienna: OPEC Likely To Maintain Targets; Oil Price Outlook ...
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- Video Source: www.truveo.comOPEC Expected To Leave ...Video Source: www.truveo.comOPEC Expected To Leave Production Quotas Unchanged - Bloomberg
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