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Showing 81 - 90 of 100 results for "OPEC"

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 ...

PM's wrong and right oil strategy

ALEX DUNNIN  |  TUESDAY, 10 JUN 2008
... hybrid engines in Australia will do more to address Australia's oil supply worries than Prime Minister Kevin Rudd lecturing OPEC to increase production. During the weekend it was widely reported that the Prime Minister, concerned about the inflationary ...

Market Wrap - Midday

AAP  |  MONDAY, 19 MAY 2008
... barrel on Friday as a bullish price forecast from investment bank Goldman Sachs drowned out an offer of more supply from OPEC kingpin Saudi Arabia.

Oil sours economic rally

MARK STORY  |  FRIDAY, 25 JAN 2008
... Leading oil-importing economies that share these concerns meet today in the Swiss resort of Davo a week ahead of the next Opec meeting in Vienna amid mounting worries that record oil prices are worsening the global economic outlook. Having reached a ...

Market wrap - morning

AAP  |  WEDNESDAY, 17 OCT 2007
... crude last traded up $1.44, or 1.7 per cent, at $84.19 a barrel, trading $82.84 to $84.49, which was also a record. Earlier, OPEC Secretary General Adbullah al-Badri said prices were high due to refinery bottlenecks, seasonal maintenance, ongoing geopolitical ...

Market wrap - morning

AAP  |  TUESDAY, 12 JUN 2007
... Corp helped lead the Standard & Poor's 500 index higher as oil prices rose nearly 2 per cent on news Saudi Arabia will keep OPEC supply limits in place through July. The Dow Jones industrial average rose 0.57 of a point to end at 13,424.96. From a percentage ...

Energy field nationalism to impact investors

ALEX DUNNIN  |  MONDAY, 18 DEC 2006
... Malaysia. This will leave IOCs operating in countries like Angola facing the prospect that their production will be controlled by OPEC quotas." However Australian companies are not affected too much. At least not yet. "So far, Australian companies have ...

Market wrap - morning

AAP  |  FRIDAY, 15 DEC 2006
... investment banks Bear Stearns Cos and Lehman Brothers Holdings Inc. Energy shares rose after a spike in oil prices caused by OPEC's decision to curtail production further. The Dow Jones industrial average was trading up 107.91 points, or 0.88 per cent ...

Daily economic round-up

ALFRED SINN  |  THURSDAY, 26 OCT 2006
... September and the median prices were down from a year ago. The Fed is also continuing to monitor oil prices closely as the OPEC nations announced they will reduce their group production quota by 1.2 million barrels a day, which set oil prices $2 higher ...

Market wrap - morning

AAP  |  MONDAY, 23 OCT 2006
... strong profit from Google Inc and a boost from falling oil prices. A 2.9 per cent decline in oil prices on scepticism that OPEC would be able to carry out its planned production cut helped limit losses for the Nasdaq and S&P 500 stock gauges. The Dow ...