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We are seeing a slightly easing situation as far as the supply-demand balance is concerned against the backdrop of the global economic growth and OPEC production levels ... There is a downside bias to oil prices.
OPEC will have to cut production to avoid prices dropping below $100 by summer
OPEC pushing production to the limit in the weakest demand quarter is clearly a recipe for lower prices
It’s China taking advantage of us ... It’s OPEC laughing at us.
Unless OPEC curtails production - which we see as unlikely in today's elevated price environment - inventories should build above-normal through third quarter
The relative strength in the VLCC market has been supported by extremely high Middle East OPEC production and as a result, very active spot chartering enquiry over the past few months
There's plenty of oil in the market ... But there has been a lot of non-OPEC outages, which have continued to tighten supplies.
He was a very good friend and did a good job for his country and OPEC
Excluding the impact of higher prices on entitlement volumes, OPEC quota effects and divestments, production was down 1 percent
While we are also nearing the seasonal lows for crude demand, high prices will likely cap the demand rebound. High prices will also likely support elevated OPEC production, resulting in bearish inventory trends
We expect OPEC to continue to allow global inventories to rise for a while, albeit at the trade-off of running at low levels of sustainable spare capacity.
In our view, it is only a matter of time before inventories and OPEC spare capacity become effectively exhausted, requiring higher oil prices to restrain demand, keeping it in line with available supply.
It is only a matter of time before inventories and OPEC spare capacity become effectively exhausted, requiring higher oil prices to restrain demand
This is all with the goal of decoupling ourselves from the global oil market, decoupling ourselves from the hegemony of OPEC
This would be consistent with either a scenario where Iranian production declines moderately, or one where Iranian production stabilizes but other OPEC production is reduced to help limit a drop in price on an easing of tensions
Rising supply to meet expected demand growth should come primarily from OPEC, where output is projected to rise by nearly 12 [million barrels per day]. The largest increments of new OPEC supply will come from [natural gas liquids] as well as conventional crude in Iraq and Saudi Arabia.
Rising supply to meet expected demand growth should come primarily from OPEC, where output is projected to rise by nearly 12 [million barrels per day]. The largest increments of new OPEC supply will come from [natural gas liquids] as well as conventional crude in Iraq and Saudi Arabia.
Saudi is committed to plugging the gaps left by loss of Iranian supplies, and OPEC as a group is pumping well over its targets.
The extra oil produced in the last few months has been for stockpiling and not for consumption ... The weak global economic growth and the lack of incentives to build higher commercial oil stocks will probably lead to lower OPEC output.
After World War II, the industry changed. More government involvement in the industry, especially after the OPEC oil embargoes in 1973 and 1979
The Organization of Petroleum Exporting Countries (OPEC) is a cartel of twelve countries made up of Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. The organization has maintained its headquarters in Vienna since 1965, and hosts regular meetings among the oil ministers... Full Article At Wikipedia.org
We are seeing a slightly easing situation as far as the supply-demand balance is concerned against the backdrop of the global economic growth and OPEC production levels ... There is a downside bias to oil prices.
OPEC will have to cut production to avoid prices dropping below $100 by summer
OPEC pushing production to the limit in the weakest demand quarter is clearly a recipe for lower prices
It’s China taking advantage of us ... It’s OPEC laughing at us.
Unless OPEC curtails production - which we see as unlikely in today's elevated price environment - inventories should build above-normal through third quarter
The relative strength in the VLCC market has been supported by extremely high Middle East OPEC production and as a result, very active spot chartering enquiry over the past few months
There's plenty of oil in the market ... But there has been a lot of non-OPEC outages, which have continued to tighten supplies.
He was a very good friend and did a good job for his country and OPEC
Excluding the impact of higher prices on entitlement volumes, OPEC quota effects and divestments, production was down 1 percent
While we are also nearing the seasonal lows for crude demand, high prices will likely cap the demand rebound. High prices will also likely support elevated OPEC production, resulting in bearish inventory trends
We expect OPEC to continue to allow global inventories to rise for a while, albeit at the trade-off of running at low levels of sustainable spare capacity.
In our view, it is only a matter of time before inventories and OPEC spare capacity become effectively exhausted, requiring higher oil prices to restrain demand, keeping it in line with available supply.
It is only a matter of time before inventories and OPEC spare capacity become effectively exhausted, requiring higher oil prices to restrain demand
This is all with the goal of decoupling ourselves from the global oil market, decoupling ourselves from the hegemony of OPEC
This would be consistent with either a scenario where Iranian production declines moderately, or one where Iranian production stabilizes but other OPEC production is reduced to help limit a drop in price on an easing of tensions
Rising supply to meet expected demand growth should come primarily from OPEC, where output is projected to rise by nearly 12 [million barrels per day]. The largest increments of new OPEC supply will come from [natural gas liquids] as well as conventional crude in Iraq and Saudi Arabia.
Rising supply to meet expected demand growth should come primarily from OPEC, where output is projected to rise by nearly 12 [million barrels per day]. The largest increments of new OPEC supply will come from [natural gas liquids] as well as conventional crude in Iraq and Saudi Arabia.
Saudi is committed to plugging the gaps left by loss of Iranian supplies, and OPEC as a group is pumping well over its targets.
The extra oil produced in the last few months has been for stockpiling and not for consumption ... The weak global economic growth and the lack of incentives to build higher commercial oil stocks will probably lead to lower OPEC output.
After World War II, the industry changed. More government involvement in the industry, especially after the OPEC oil embargoes in 1973 and 1979
we will see $1.50 gas this spring, and maybe before. And it is just a matter of time until the oil companies and their associates, the OPEC nations, will be driving gasoline pump prices up to $2 a gallon.
As an OPEC member, we enjoy the right to protest
There are different league of nations like OPEC and others. A league should be formed among the nations which get more sun rays. India should play a prominent role into the formation of such a league and step up its R&D to lead those nations
We’re worried about stability in oil prices and working to construct a price floor of $100 a barrel. We see some OPEC countries producing more than their quotas
There are countries in the Gulf that are not following OPEC price policy and are acting more in favor of consumer nations
#middleeast OPEC & Heavy Crude News (Thu 24 May 2012) http://t.co/e1i8oZrf
- MidEastNews247 1 second ago
(BN) *OPEC TO CURB SHIPMENTS ON REDUCED ASIA DEMAND: OIL ... we said it here http://t.co/qFVaIp3J
- dlacalle 1 second ago
To avoid conflict, OPEC may maintain oil target...
- SurmontEnergy 11 minutes ago
To avoid conflict, OPEC may maintain oil target...
- GoldenBirchEner 11 minutes ago
OPEC may leave output ceiling unchanged http://t.co/G3Fmz0H7
- TeaPartyCheer 14 minutes agoThere are no results for this module.
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