World's oil prices a serious matter

New Straits Times;  December 9, 2000 ;   Dr Mohamed Ariff;   787 words ......cuts of 2.1 million bpd. These were additional...previous 2.6 million bpd cutbacks by Opec...cent. Subsequently, oil prices have been trending...until March 2000. Oil prices, nevertheless, continued...output by 1.95 million bpd from April 2000...totalled 75 million bpd, ...

Kuwaiti Official Predicts Oil Prices Recovery

Xinhua English Newswire;  May 17, 1999 ;     207 words ......present upward trend in oil prices will be maintained. Oil prices are expected to edge...present hikes of the oil prices which resulted from...million barrels per day (bpd). OPEC member Kuwait...output cut of 144,000 bpd from a total of 1.98 million bpd. It has ...

OPEC expects oil prices to fall to $30 per barrel, JAKARTA POST

Finance Wire;  August 27, 2004 ;     404 words ......Exporting Countries (OPEC) expects to see a fall in global oil prices to as much as US$30 per barrel, its president Purnomo Yusgiantoro said here on Thursday. "Oil prices have retreated, but we want them to fall to about $30...by between 1 million and 1.5 million barrel per day (bpd). ...

Oil prices creep upwards

The Scotsman;  January 19, 2002 ;     286 words ...OIL prices were stable yesterday after the...this month could put a floor under oil prices and ultimately lead to gains. "Implementation...rose by 380,000 barrels per day (bpd) to 23.65 million bpd, or 450,000 bpd above official cartel limits. The...

OPEC continues to benefit from high oil prices: GIH report

Xinhua News Agency;  August 9, 2006 ;     366 words ......continues to benefit from high oil prices: GIH report KUWAIT CITY, Aug...reap large profits from high oil prices caused by underinvestment...2004 levels, said the report. Oil prices have reached record high of...on Lebanon, uncertainty of oil production from Iran and ...

OPEC expects oil prices to fall to 30 dls per barrel

Xinhua News Agency;  August 27, 2004 ;     251 words ...OPEC expects oil prices to fall to 30 dls per barrel...expects to see a fall in global oil prices to as much as 30 US dollars...Purnomo Yusgiantoro has said. "Oil prices have retreated, but we want...million barrels per day (bpd). Purnomo said OPEC members...production has ...

OPEC to have another discussion if oil prices remain high for 10 days:...

Xinhua News Agency;  March 17, 2005 ;     217 words ...OPEC to have another discussion if oil prices remain high for 10 days: president...cartel's member states would discuss oil prices if the hiking trend kept going within...it would take some time until the oil market digests the organization's...increase. He said he would discuss high ...

Oil prices hit new highs after refinery fire

China Daily;  August 7, 2004 ;     538 words ...SINGAPORE: Oil prices hit fresh records on Friday...Plc's 470,000 barrel-per-day (bpd) refinery in Texas, the third-bigge...Yukos, which pumps 1.7 million bpd, or 2 per cent of world supplies...production by 1 to 1.5 million bpd if it was decided necessary...

News analysis: Oil prices jump amid supply fears, strong demand

Xinhua News Agency;  August 13, 2004 ;     629 words ......international oil supply pushed oil prices to new highs Thursday following...by 2.5 million barrels per day (bpd) to 26 million bpd. Oil prices fell in response to OPEC's output...oil this year at 82.2 million bpd in its monthly "Oil Market Report...

Geopolitical, psychological reasons behind high oil prices: OPEC president

Xinhua News Agency;  May 9, 2005 ;     244 words ...Geopolitical, psychological reasons behind high oil prices: OPEC president KUWAIT CITY, May 8 (Xinhua) -- Sheikh...circumstances and psychological reasons behind high oil prices. Sheikh Ahmad, who is also Kuwait's energy minister...Chemicals. He ruled out supply and demand were pumping up oil ...

Roundup: Producer reluctance, supply woes & weak dollar drive up oil...

Xinhua News Agency;  April 23, 2008 ;     787 words ......weak dollar drive up oil prices BEIJING, April 22...major forces driving up oil prices, which touched a new...concern over the surging oil prices. However, they did...face of skyrocketing oil prices while maintaining that...exports of around 169,000 bpd of crude ...

Roundup: Oil prices ease following OPEC's decision to raise output

Xinhua News Agency;  June 5, 2004 ;     787 words ......real new production will be between 700,000 bpd to 900,000 bpd at the end of June and early July, and "the markets know...that OPEC today is producing 25.4 million or 25.5 million bpd." "But the market will take them (Thursday's decisions...will be a real increase," he said. "We can add 500,000 ...

News analysis: Oil prices jump amid supply fears, strong demand, XINHUA

Finance Wire;  August 13, 2004 ;     636 words ......Aug. 13 (Xinhua) -- Oil prices on the international...international oil supply pushed oil prices to new highs Thursday...million barrels per day (bpd) to 26 million bpd. Oil prices fell in response to...year at 82.2 million bpd in its monthly ...

Nigerian supply fear pushes up oil prices.(Business)

The Birmingham Post (England);  September 28, 2004 ;     597 words ......Deputy Business Editor Crude oil prices hit record highs on both...resumed at about 450,000 bpd through the main northern...full capacity at two million bpd. Extra crude from Opec, now...group produced 30.5 million bpd in September, the highest...remained on track despite high oil ...

Oil prices sliding lower

The Scotsman;  January 31, 2001 ;     297 words ...OIL prices continued to slide ahead of...5 million barrels per day (bpd) from 1 February. Prices skidded...shortages which had helped oil prices rise to 10-year peaks last...cut could provide support for oil prices by re- invigorating...forecast for this year by 280,000 ...