Topic: Commodity Markets
OPEC holds oil output steady: source
AFP Global Edition
OPEC formally decided Wednesday to hold oil output steady at its meeting here, according to an OPEC source. "It's a rollover," the source said following a ministerial meeting of Organization of Petroleum Exporting Countries in the Austrian capital. Ministers would then reconvene again in Vienna on October 14 to ...
OPEC set to freeze oil output
AFP Global Edition
OPEC was set Wednesday to formally announce a freeze in the cartel's oil output ceiling in the face of recovering crude prices and uncertain economic recovery, member countries said. Ahead of an official announcement on output levels by the Organization of Petroleum Exporting Countries, Saudi Oil Minister Ali al-Nuaimi ...
OPEC to freeze oil output target as prices near 82 dollars
AFP Global Edition
OPEC members on Tuesday prepared to announce a freeze in the cartel's oil output ceiling here as crude prices jumped to near 82 dollars. The Organization of Petroleum Exporting Countries was widely expected to maintain its official oil output quota of 24.84 million barrels a day when it ...
Oil firms on eve of OPEC meeting
AFP Global Edition
World oil prices rebounded slightly on Tuesday, after recent heavy losses, with traders on tenterhooks on the eve of a key production meeting of the OPEC cartel. New York's main contract, light sweet crude for April delivery rose 32 cents to 80.12 dollars a barrel. London's Brent ...
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