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Opec to discuss oil output cutsThe oil producers' cartel Opec meets in Vienna to discuss possible production cuts as it tries to shore up falling prices. ... |
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Oil trades below $65 despite OPEC cuts outputLONDON — Oil fell sharply and traded below $65 a barrel Friday amid weakening global demand for crude _ despite a decision by the OPEC cartel to cut production quotas by 1.5 million barrels a day from next month. Light, sweet crude for December delivery fell $3.44 to $64.40 a barrel in electronic ... |
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OPEC Output Cut Fails To Stop Oil From Sliding Below $62VIENNA, Austria — Growing evidence of a severe global economic slowdown drove oil prices to below $62 a barrel Monday, as investors brushed off a sizable OPEC output cut. Traders were taking their cues from world markets, which slumped again Monday with the Nikkei index in Japan closing at its lo ... |
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In a surprise decision, OPEC cuts oil output - SummaryVienna - The Organization of the Petroleum Exporting Countries (OPEC) decided early Wednesday to cut its output by around 520,000 barrels a day - contrary to earlier indications - in a bid to stem falling oil prices. The cartel said the market was ov... ... |
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BP Set To Shut Major UK Oil Pipeline Over Grangemouth Oil Refinery StrikeFuel company BP has confirmed a pipeline that carries 40% of the UK's oil supply will be completely closed by 6am, ahead of a strike by Scottish refinery workers. ... |
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Saudi oil output boost doesn't solve problem: BushUS President George W Bush says he is pleased with a boost in Saudi oil output but it does not solve problems in the US. ... |
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