May 20 - In response to the deepest economic downturn in decades, commodity producers have been swift to cut production as demand plunged and lower prices eroded profits. The Organization of the Petroleum Exporting Countries...
April 1 - In response to the deepest economic downturn in decades, commodity producers have been swift to cut production as demand plunged and lower prices eroded profits. The Organization of the Petroleum Exporting Countries...
CARACAS, March 17 -OPEC members are complying with 80 percent of cuts agreed by the oil exporting group, Venezuela's oil minister Rafael Ramirez said on Tuesday. The Organization of the Petroleum Exporting Countries decided not...
March 11 - In response to the deepest economic downturn in decades, commodity producers have been swift to cut production as demand plunged and lower prices eroded profits. The Organization of the Petroleum Exporting Countries...
* Ecuador offers to leave oil underground for compensation * Ecuador plans diplomatic offensive to promote plan LONDON, Oct 27 - Germany, Spain and France have expressed interest in a pioneering Ecuadorean plan not to...
* OPEC needs to see real shortage before pumping more oil * Speculation, dollar weakness driving oil price * Iran says no need for output increase RAS LAFFAN, Qatar/KUWAIT, Oct 27 - OPEC is ready...
* OPEC to raise output if prices rise to $100 per barrel. * OPEC does not want to hurt economic recovery. * Says oil inventories remain high, dollar weak. (Adds quote on dollar weakness in...
* Too early to say if oil prices a threat to recovery * Spare capacity seen in 2010-11, tighter market in 2015 (IEA corrects 2010 demand increase figure to 1.42 million bpd from 1.6 million...
LONDON, Oct 22 - U.N. climate talks in December should not hold back developing countries and should seek a "win-win" solution to tackle climate change, OPEC's secretary general said on Thursday. Abdullah al-Badri, who will...
* Price slips from Wednesday's $82 year high * Technicals, weak outlook for dollar seen supporting oil * Market looks to corporate earnings for direction LONDON, Oct 22 - Oil slipped below $81 on Thursday...