Article: ECONOMY: OIL MARKET'S PRICE BUBBLE MAY BURST IN MEDIUM TERM

Article: OPEC Unlikely to Change Policy on Oil Output Quotas; With Global Consumption Still Rising, Goal Is to Push Price Down to Less Than $50 Per Barrel
The Washington Post;  March 14, 2005 ;     400 words ......averages about $45 a barrel, Drollas said. Should OPEC replace its former...of $28 to $35 a barrel, the nation's minister said March 1. OPEC targets prices for...last at $49.40 a barrel. "What would be a reasonable minimum for OPEC? You would think...

Article: Venezuelan official says OPEC output levels should go unchanged even if price tops US$28 a barrel
AP Worldstream;  December 17, 2003 ;     467 words ......barrels per day to 24.5 million barrels per day. At OPEC's Dec. 4 meeting in Vienna...Tuesday, the average price of a barrel of OPEC-produced oil was US$30.34 a barrel, up from $30.04 a barrel Monday. OPEC could consider a 500,000 barrel...

Article: OPEC to cut production by 500,000 barrel a day from February 1.
Russia & CIS Business and Financial Newswire;  December 14, 2006 ;     43 words ...OPEC to cut production by 500,000 barrel a day from February 1 VIENNA. Dec 14 (Interfax) - OPEC has decided to reduce oil production by 500,000 barrel a day from February 1, OPEC says. OPEC has also decided that Angola will become an OPEC member as of January 1, 2007. mg jh

Article: OPEC Agrees to Cut Production; Cartel Wants Price to Reach Target of $25 a Barrel
The Washington Post;  October 28, 2001 ;     288 words ......DHABI, Oct. 27 -- OPEC is prepared to...target of $25 a barrel, said the oil minister...collapse to near $10 a barrel, a level last seen...Arab Emirates, OPEC's fifth-largest...to 1.5 million barrels a day is being considered by OPEC and also by non-OPEC...

Article: OPEC sticks to its guns.(1million-barrel-a-day production cut regulation)
MEED Middle East Economic Digest;  August 10, 2001 ;     700+ words ......staunchly to defend OPEC's preferred price band of $22-28 a barrel. The goal was clear...easily. The price of OPEC's basket of crudes has not fallen to $22 a barrel since 1999, while...stayed below the $28-a-barrel ceiling since the...year. Analysts see OPEC's latest move in...

Article: OPEC may increase production if prices surpass dlrs 28 a barrel, secretary general says
AP Worldstream;  July 19, 2002 ;     294 words ......Dateline: CARACAS, Venezuela OPEC may increase production if...crude surpass dlrs 28 per barrel, secretary general Alvaro...the price exceeds dlrs 28 a barrel and cut if prices fall below dlrs 22 a barrel, Silva said. He said it was...didn't say when. The value of OPEC's basket of seven ...

Article: Source: OPEC won't cut output unless prices fall to about $37 a barrel
AP Worldstream;  February 4, 2005 ;     499 words ......to about $37 a barrel before OPEC decides to cut...at last week's OPEC meeting that he considered $35 a barrel to be a "suitable price" for OPEC's basket of crudes...cut of 1 million barrels a day went into effect in January, OPEC's official quota...

Article: High price of oil alarms even OPEC; $70-a-barrel level could cut future demand through recession or conservation.(USA)
The Christian Science Monitor;  May 10, 2006 ;     700+ words ......publicly announced price targets. OPEC's target: about $25 a barrel? Many analysts believe that OPEC has sought to keep oil prices...a range of $22 to $28 per barrel, although that number may...recession. Like all cartels, OPEC is a force as much for what...going too far, uncertain when ...

Article: OPEC secretary general sees average 2002 oil price at dlrs 22 a barrel
AP Worldstream;  January 2, 2002 ;     203 words ......sweet crude was dlrs 20.59 per barrel at noon Wednesday on the New York Mercantile Exchange. OPEC has a target price range of dlrs 22 to dlrs 28 a barrel for a blend of seven crudes it monitors. OPEC's oil basket was dlrs 18.09 a barrel on Dec. 27, the last day the price was available, ...

Article: OPEC Oil Price Rises to $20.95 Per Barrel
Xinhua English Newswire;  April 15, 1996 ;     67 words ......average spot price for the OPEC basket of seven crudes in...to 20.95 U.S. dollars per barrel, OPEC's secretariat said here today...of 19.81 U.S. dollars per barrel in the first week of April...17.90 dollars in February, OPEC's oil price has been on the rise but still below OPEC's ...

Article: OPEC Oil Prices Fall Below 19 Dollars per Barrel
Xinhua News Agency;  October 20, 2001 ;     333 words ......fell below 19 dollars a barrel, the Vienna-based OPEC Secretariat reported...was below 22 dollars a barrel, the bottom end of OPEC's target price band of...2001 to 75.93 million barrels, 0.42 million less. OPEC members and non-OPEC producers...

Article: OPEC's new challenge: keeping a lid on prices Oil, setting yet another high, surges above $46 a barrel
International Herald Tribune;  August 14, 2004 ;     694 words ......fallen to around $9 a barrel in 1998. But OPEC's policy is in disarray...bargain keeping the OPEC benchmark oil price under $28 a barrel. Oil for September...additional 1.3 million barrels daily if needed. ''Everyone knows OPEC has reached full capacity...

Article: Oil price slide is an emergency for OPEC nations; Experts say real aim of today's meeting may be to set floor no lower than $70 U.S. per barrel.(Business)
The Toronto Star (Toronto, Ontario);  October 24, 2008 ;     700+ words ......few years ago that OPEC was managing oil...range of $20 to $30 a barrel. Go much higher...up. By mid-July, a barrel of crude had reached...corner. That's when OPEC members started to...more than $100 a barrel. Petro-Canada and...market volatility. OPEC, by defending a floor...

Article: OPEC chief seeks higher crude price; Says $70 U.S. per barrel level necessary to keep investment cash flowing.(Business)
The Toronto Star (Toronto, Ontario);  May 25, 2009 ;     264 words ......Rodriguez said that OPEC is seeking an oil...of $70 (U.S.) a barrel in order to maintain...being accumulated. OPEC is aiming for a price of $60 a barrel this year and will target $70 a barrel for 2010, Ramirez...founding member of OPEC, will probably...