|
3
Votes
vote
OPEC Cuts Output After Meeting To Keep Oil Prices UpVIENNA, Austria — OPEC said Friday it will slash oil production by 1.5 million barrels a day to stop tumbling crude prices, but the cost for a barrel of crude plummeted 7 percent to prices last seen in June of 2007. Demand for crude has evaporated amid a global economic spiral, and the supply lev ... |
|
2
Votes
vote
Opec cuts production to head off oil price collapseOpec today pledged to cut oil production by 1.5m barrels a day in a bid to prop up the plunging oil price.Announcing the cut, the cartel of 13 oil-producing nations said prices had fallen on an unprecedented scale in recent months. It hopes by choking off supply it can put a floor under the price an ... |
|
2
Votes
vote
OPEC to cut oil output at emergency summitVIENNA (AFP) - OPEC began an emergency meeting here on Friday and was expected to cut its oil output in a controversial bid to support plunging crude prices even though recession looms for major economies. ... |
|
0
Votes
vote
Shares plummet on recession fearsEuropean stocks fall sharply on recession fears as the UK economy starts contracting and Opec cuts oil output. ... |
|
2
Votes
vote
OPEC to cut oil output as prices plunge: analystsLONDON, (AFP) - OPEC will Friday announce it is cutting oil output to help lift crude prices that have dived 55 percent since striking record highs in July, as a global economic slowdown slashes demand, analysts said. ... |
Create tab
Block this tag
5-million
afp
backlash
cartel
chakib-khelil
crude-prices
economic-crisis
economic-hardship
economic-slowdown
emergency-summit
european-stocks
gathering-storm
global-financial-crisis
november-1
oil-cartel
oil-minister
oil-price
oil-prices
oil-producers
oil-production
opec
opec-ministers
opec-output
recession
recession-fears
saudi-oil
slashes
two-million
uk-economy
vienna
world-oil-prices
worldwide-recession
