Browse related articlesOpec may reduce supply
United Arab Emirates: Saturday, September 06 - 2008 at 09:23
PFC Energy said in a report that a consensus is building within Opec on the need to reduce oil output to prevent a supply overhang and prop up prices, Reuters has reported. Opec will meet on September 9. Extra Saudi oil and declining demand from slowing economies in the West were seen as factors in lower crude prices, which have gone down to around $110 a barrel.
See Also
Also consider reading:
- » Sumitomo to buy 20% of UAE power project
- » Adnoc cuts benchmark crude price
- » KSA begins pumping oil from Khursaniyah field
- » TAQA buys Dutch oil stake
- » Oil price drops nearly 10%
- » Taqa sells S1 plant stake
- » Circle Oil to drill more wells
- » GCC oil to reach 10m bpd - study
- » Oil markets are well supplied, says UAE
- » Shell, Iraq to sign $4bn deal
Facebook
LinkedIn
Digg
Medilyn Manibo, Assistant News EditorSaturday, September 06 - 2008 at 09:23 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This Article was updated on Sunday, September 07 - 2008
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds