President Chavez’ agenda for 3rd OPEC Summit to strengthen the institution - November 21, 2007 9:00

President Chavez’ agenda for 3rd OPEC Summit to strengthen the institution Prensa Latina: Venezuelan President Hugo Chavez said his agenda for the third Summit of the Organization of Petroleum Exporting Countries includes some items to brace the institution. President Chavez’ agenda for 3rd OPEC Summit to strengthen the Source: c.moreover.com USA threatening Iran in bid […]

COMMODITIES-Extend losses as credit worries bite - November 20, 2007 15:00

‘People are dumping equities and commodities. It’s quite scary – the herd is rushing to exit.’ Gold dipped to its lowest in four weeks around $772.60 an ounce after twice failing to break above $850 in the past two weeks. Copper for delivery in Read More…

Oil Prices Drop to Near $94 a Barrel - November 20, 2007 13:00

SINGAPORE — Oil prices fell Tuesday as expectations that U.S. crude supplies rose last week offset concerns that OPEC would not increase output. ‘The market’s watching pretty closely what the U.S. crude supply will look like in the near term,’ said Mark Read More…

Crude prices rise on OPEC concerns - November 20, 2007 11:00

NEW YORK, Nov. 19 (Xinhua) — Crude prices rose Monday on concerns about whether OPEC will boost output. The possibility that OPEC will agree at a meeting next month to increase production appeared less certain after a weekend gathering of OPEC heads of Read More… SINGAPORE (Reuters) – Shanghai copper and zinc futures fell by […]

OPEC countries conclude brittle meeting - November 20, 2007 9:00

OPEC members have become deeply divided about whether oil should be used as a political weapon. Venezuela and Saudi Arabia, at the OPEC summit on the weekend, gave conflicting signals on subjects such as high oil prices and geopolitical aims. Venezuelan Read More… The Opec summit show is over and the performers have left town. […]

Will OPEC Convert their Cash Reserves? - November 19, 2007 15:00

Extract not available. Read More… Oil prices rose Monday with more talk among OPEC members about converting their cash reserves to the euro and away from the U.S. dollar. There is also doubt a possible OPEC output hike next month would get more supplies to market in time for the Read More…

Kalla Proposes Middle Road for OPEC - November 19, 2007 13:00

TEMPO Interactive, Riyadh: Vice President Jusuf Kalla has a proposed a middle road so that high oil prices can be enjoyed by Organization of Petroleum Exporting Countries (OPEC) members, but also not become a burden for developing countries. The way to Read More…

Oil prices rise to mid-US$94 a barrel on OPEC comments on depreciating dollar - November 19, 2007 11:00

SINGAPORE (AP): Oil prices rose Monday as some OPEC members talked about converting their cash reserves to the euro and away from the ‘worthless’ U.S. dollar.There is also doubt a possible OPEC output hike next month would get more supplies to market in Read More…

China minerals demand may wane – LME executive - November 19, 2007 9:00

China minerals demand may wane – LME executive SYDNEY, Nov 19 (Reuters) – China’s hefty appetite for raw materials may wane after next year’s Olympics as social and inflationary pressures curb investment, London Metal Exchange director Phillip Crowson said on Monday. Crowson, also a former Rio Tinto Source: c.moreover.com Oil Prices Rise to Mid-$94 a […]