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Showing 71 - 80 of 99 results for "OPEC"

Greenback weakness not all good

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2009
... base metals - rises as the value of the US dollar falls. Notable beneficiaries are Australia, South Africa, Russia and the OPEC countries. America, itself, will benefit. US exporters would become more competitive in the international market. Offshore ...

Slippery - watch your step

BENJAMIN ONG  |  THURSDAY, 11 JUN 2009
... demand for crude as consumers start consuming again and factories start manufacturing stuffs anew...and then there's China. OPEC. There are indications that although OPEC has not lowered its production quota at 24.8 million bpd, its members have been ...

The good oil

BENJAMIN ONG  |  WEDNESDAY, 12 NOV 2008
... China is feeling the pinch. Slower economic growth equals less oil demand. The Organisation of Petroleum Exporting Countries (OPEC) tried to stem the slide in their most precious commodity by announcing a cut in production by 1.5 million barrels a day ...

Oil on slippery slope?

BENJAMIN ONG  |  THURSDAY, 11 SEP 2008
... that further declines are in store. Concern over the global outlook and the Organisation of Petroleum Exporting Countries' (OPEC) decision not to cut back its production target outweighed reports of a fall in US oil inventories and that Hurricane Ike ...

Market Wrap - Morning

AAP  |  THURSDAY, 11 SEP 2008
... with Wall Street up -- albeit just marginally -- while oil, gold and silver were down again. Major European bourses fell as OPEC decided to cut oil production in what was interpreted as an attempt to maintain the price of crude oil above $US100 a barrel. ...

Inflation outlook dim

BENJAMIN ONG  |  THURSDAY, 17 JUL 2008
... downward pressure on energy consumption. World oil demand, according to the Organisation of the Petroleum Exporting Countries (OPEC) will fall by 1.20 percent this year from 1.28 percent. In other news, US industrial production increased by 0.5 percent ...

Rates on hold thanks to oil prices

ALEX DUNNIN  |  WEDNESDAY, 2 JUL 2008
... purchasing power," he said. Oil prices are also having other perverse effects, namely they are slowing world oil demand growth and OPEC is becoming concerned it will take the pressure off prices rises and reduce the likelihood that investors will want ...

End of the world

ALEX DUNNIN  |  FRIDAY, 27 JUN 2008
... plunged and we are being warned the sub-prime fiasco still has two years left to run. And if that wasn't enough, president of OPEC Chakib Khelil is widely reported to have said ironically that rising interest rates in Europe could send oil prices spiralling ...

Iron Ore price jumps 85 pct

ALEX DUNNIN  |  TUESDAY, 24 JUN 2008
... Meanwhile, Australia's energy minister Martin Ferguson was yesterday lambasted by the Federal Opposition for not pressuring OPEC at the Jeddah oil summit to lift production supply. But since Australia accounts for less than one per cent of world oil ...

Oil speculators push up prices 50 pct

ALEX DUNNIN  |  THURSDAY, 12 JUN 2008
... barrel based purely on the fundamentals of demand and supply. Oliver's comments come as oil approaches a new record and after OPEC Secretary General Abdullah al-Badri told Reuters that oil speculation is so extreme daily trading volumes are now 15 times ...