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Showing 61 - 70 of 99 results for "OPEC"

Pain sans hysteria

BENJAMIN ONG  |  MONDAY, 21 MAR 2011
... prevent the crisis from turning into calamity. The G7 intervened in the currency markets to bring the yen exchange rate down. OPEC's announced assurances that it would pump more oil to make up for Libya's lost production. The EMU is expected to announce ...

Market Wrap - Morning

AAP  |  MONDAY, 14 MAR 2011
... S&P 500 indices all ended down more than 1.8 per cent. Markets were also nervous about the conflict in Libya and unrest in OPEC oil linchpin Saudi Arabia. Also hitting sentiment was the worsening European debt crisis and Chinese data that showed inflation ...

Oil central bank

BENJAMIN ONG  |  THURSDAY, 10 MAR 2011
... could finally settle oil's near-term direction. The Kingdom of Saudi Arabia is the Organisation of Petroleum Countries' (OPEC) largest oil producer and the biggest holder of spare capacity in the world. Saudi Arabia is believed to hold more than half ...

Oil at US$300

BENJAMIN ONG  |  WEDNESDAY, 9 MAR 2011
... nuclear - become more cost-effective relative to oil the higher crude prices go - that is, before it reaches US$300. That's why OPEC is in a frenzy trying to broker a deal with Qaddafi. They don't want prices to stay high for longer. They want to keep ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 9 MAR 2011
... prices also helped stocks move higher. Oil prices dipped 0.5 per cent to $US105 a barrel after Kuwait's oil minister said that OPEC members are in informal talks about raising oil output as the conflict in Libya continues. Oil prices have risen nine ...

Three and a half men

BENJAMIN ONG  |  WEDNESDAY, 2 MAR 2011
... in crude. Oil spiked - again! - because of reports that people power threatens to spread to Iran, and Iran is the China of OPEC (the second biggest) when it comes to oil production. But... but... we've been through this before haven't we? Perhaps not ...

Sentiment slips on oil

BENJAMIN ONG  |  THURSDAY, 24 FEB 2011
... there's enough in reserves even if Qaddafi turns Libya into rubbles. Similarly, while the King of the Kingdom of Saudi Arabia - OPEC's biggest oil producer - and that of Kuwait's - another major oil producer - maybe losing sleep over the unfolding MidEast ...

Bad news bear

BENJAMIN ONG  |  WEDNESDAY, 23 FEB 2011
... to ease by almost half this year to an average of 1.5 million barrels per day, inventory levels are near a five-year high, OPEC nations have more spare productive capacity than in 2008 and more Iraqi crude is on the way." And from one of the horses mouth ...

Egypt not just another pyramid scheme

ALEX DUNNIN  |  THURSDAY, 3 FEB 2011
... the world is beginning to recovery from the GFC. The risks of a recessionary contraction in global economic activity unless OPEC is able to quickly bring on stream part of its 5.5 million barrels of spare daily capacity would then dramatically escalate ...

Euro downs Supermodel

BENJAMIN ONG  |  TUESDAY, 18 MAY 2010
... America. It increased its US bond holdings by US$16.4 billion to $784.9 billion in March. And what of that other grouping -- OPEC -- which not even a year ago wanted a basket of currencies to be the global means of exchange? They're back buying US dollars ...