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Oil jumps up as OPEC surprises with output cut

reuters.com
10-Sep-2008
        
Story Timeline:  86 days

SEOUL (Reuters) - Oil prices jumped more than $1 a barrel on Wednesday, reversing early losses after OPEC unexpectedly agreed to effectively cut production by just over 500,000 barrels per day (bpd) from July levels. Most analysts had expected the producer cartel to maintain formal targets at its meeting in Vienna, although some had suggested they could tighten compliance in order to help stem a near 30 percent... [read full story]                    

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OPEC production cut fails to curb falling prices

 people.com.cn 12-Sep-2008
First article on this story:

Saudi Arabia may save West at OPEC meeting

 bloggingstocks.com 07-Sep-2008
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Found 117 documents:

OPEC finished?? Saudi Arabia says 'LATER!'

reddit.com
11-Sep-2008
        

submitted 3 hours ago by The Saudi's break ranks with OPEC in the run-up to every U.S. presidential election. They open up the floodgates, and oil and gas prices fall. Then we elect Republicans into office and we sell...

                   

How Real Is OPEC's Production Cut?

businessweek.com
11-Sep-2008
        

OPEC says it will take 520,000 barrels off the market, but details are unclear. Saudi Arabian officials, who usually call the shots at OPEC, were telling their contacts before the meeting that they were happy with the...

                   

OPEC leader Saudi to seek balance in oil markets: analysts

zawya.com
11-Sep-2008
        

by Omar Hasan KUWAIT CITY, Sept 11, 2008 (AFP) - Under pressure from OPEC price hawks, Saudi Arabia reluctantly agreed to a mild cut in oil output, but the world's top exporter will do what it takes to keep the market...

EU condemns OPEC oil production cut

euobserver.com
11-Sep-2008
        

A surprise decision by OPEC, the group of major oil-exporting countries, to lower its oil production by 520,000 barrels a day has sparked criticism from the EU and the US. EU energy commissioner Andris Piebalgs said that...

Oil loses ground despite OPEC move

canada.com
11-Sep-2008
        

From Herald News Services Published:Â Thursday, September 11, 2008 Oil prices fell Wednesday on demand worries as a stronger hurricane Ike bore down on energy installations in the Gulf of Mexico and after OPEC reduced...

Oil climbs $1 higher

tiscali.co.uk
11-Sep-2008
        

By Annika Breidthardt SINGAPORE (Reuters) - Oil prices bounded more than $1 higher on Thursday after falling to another five-month low the previous day, drawing support from Hurricane Ike and OPEC’s surprise output cut...

iranian.ws: PERSIAN JOURNAL - Iran & Iranian Latest News by Iranian.ws, An Iranian Progressive Community iranian.ws

Iran satisfied with OPEC decision

iranian.ws
11-Sep-2008
        

The decision by OPEC to cut oil output by 520,000 barrels per day was the right choice, says Iran's Oil Minister Gholam-Hossein Nozari. The energy ministers of the Organization of Petroleum Exporting Countries (OPEC) in...

                   

OPEC meeting about more than what a barrel of oil can fetch

k-litefm.com
10-Sep-2008
        

By: George Jahn, THE ASSOCIATED PRESS VIENNA, Austria - The just ended OPEC meeting was about more than what a barrel of oil can fetch on the open market as the global economic picture grows dim. The Saudis attempted to...

                   

OPEC meeting about more than what a barrel of oil can fetch

canoe.ca
10-Sep-2008
        

By George Jahn, THE ASSOCIATED PRESS VIENNA, Austria - The just ended OPEC meeting was about more than what a barrel of oil can fetch on the open market as the global economic picture grows dim. The Saudis attempted to...

OPEC decides to curb overall output; prices rise

todayszaman.com
10-Sep-2008
        

Algerian Oil Minister and OPEC President Chakib Khelil arrives for a news conference after he leaves a crucial meeting of OPEC oil ministers in Vienna. OPEC oil ministers agreed Wednesday to trim overall output by more...

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