OPEC

  • Dec 18, 2008
  • 2 min read

INTERNATIONAL: Economic gloom trumps OPEC cuts

OPEC yesterday announced it would cut production, effective January 1, by 2.2 million barrels per...

International
  • Dec 17, 2008
  • 2 min read

AZERBAIJAN/OPEC: Baku mulls joining oil cut strategy

Azerbaijan could cut oil production by up to 300,000 barrels/day (b/d) to support OPEC's aim of a...

Azerbaijan
  • Dec 16, 2008
  • 2 min read

INTERNATIONAL: OPEC cut may not stem price slide

OPEC tomorrow will meet in Oran, Algeria to discuss cutting output to stem the precipitous fall...

International
  • Dec 12, 2008
  • 2 min read

INTERNATIONAL: Declining demand might trump OPEC cuts

Oil prices yesterday gained roughly 10% in the run up to OPEC's December 17 meeting and the news...

International
  • Dec 10, 2008
  • 2 min read

INTERNATIONAL: Crude demand set to fall in 2009

The US Energy Information Administration yesterday released its Short-Term Energy Outlook, which...

International
  • Dec 9, 2008
  • 2 min read

INTERNATIONAL: Chemical plant closures weigh on demand

US-based Dow Chemical yesterday announced that it would shut 20 plants and temporarily idle 180,...

International
  • Dec 4, 2008
  • 2 min read

INTERNATIONAL: Weak US economy pushes crude down

Crude oil prices reached a new low yesterday, with the West Texas Intermediate spot price closing...

International
  • Dec 1, 2008
  • 2 min read

INTERNATIONAL: OPEC cooperation remains uncertain

OPEC countries postponed, at a meeting held over the weekend in Cairo, a decision to cut...

International