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Crude Oil Prices News is an EIN News Service for oil and gas industry professionals. Constantly updated news and information about oil and gas.
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  • Saudi Arabia hails perfect oil price 6 Dec 2009 06:18 GMT
    ... Saudi Arabia says oil prices are 'perfect' and the global market ... ministerial meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC). Kuwaiti Oil Minister Sheikh ... October, prices jumped above $US80 before easing. Crude prices tumbled on Friday in volatile trade, ...

  • Saudi oil minister: oil prices 'perfect' 6 Dec 2009 01:21 GMT
    ... An Egyptian bodyguard secures Saudi Oil Minister Ali Al Naimi as he is ... Ministerial Conference of the Organisation of Arab Petroleum Exporting Countries (OAPEC), in Cairo, Egypt, Saturday, ... supplies roughly 35 percent of the world's crude, has held its quotas unchanged since last ...

  • Dollar and supply trump jobs data; crude falls 6 Dec 2009 04:35 GMT
    ... NEW YORK (AP) - Oil prices ended the week tumbling to a ... tumbling to a seven-week low as massive crude supplies and a surging dollar overshadowed encouraging ... since September. The 18.5 million barrels of petroleum consumed last week is less than what ...

  • Saudi oil minister sees no change at OPEC meet 6 Dec 2009 07:34 GMT
    ... OPEC will not change its production target when its ... its ministers meet later this month as oil prices are at the desired levels, Saudi ... no need for the Organization of the Petroleum Exporting Countries to change its output targets ...

  • Saudi oil minister sees no change at OPEC meet - report 6 Dec 2009 07:52 GMT
    ... Saudi Arabia's Oil Minister Ali al-Naimi attends the opening of ... no need for the Organization of the Petroleum Exporting Countries to change its output targets ...

  • OPEC unlikely to alter crude oil output levels 6 Dec 2009 07:54 GMT
    ... Associated Press CAIRO — Saudi Arabia’s oil minister said Saturday that current global oil ... later this month. The Organization of the Petroleum Exporting Countries, which supplies roughly 35 percent ... supplies roughly 35 percent of the world’s crude, has held its quotas unchanged since last ...

  • Saudi minister says oil prices 'perfect' 6 Dec 2009 09:48 GMT
    ... CAIRO: Saudi Arabia's oil minister said current global oil prices are ... later this month. The Organization of the Petroleum Exporting Countries, which supplies roughly 35 percent ... supplies roughly 35 percent of the world's crude, has held its quotas unchanged since last ...

  • Oil prices 'perfect,' Saudi minister says 6 Dec 2009 09:51 GMT
    ... The Organization of the Petroleum Exporting Countries, which supplies roughly 35 percent ... supplies roughly 35 percent of the world's crude, has held its quotas unchanged since last ... cuts. "The price is perfect," said Saudi Oil Minister Ali Naimi, whose country sits atop ...

  • Oil And Gas Driven Industrialization 6 Dec 2009 05:10 GMT
    ... – Ghana’s Model Of Petroleum Resource Management by Mohammed Amin Adam Centre ... Policy Statement the plan to develop an Oil and Gas Industrialization Plan as a sustainable ... not be consistent due to volatilities in crude oil prices. Therefore, annual revenues may not ...

  • Int'l oil investment shrinks 20% amid financial crisis: OAPEC 6 Dec 2009 03:10 GMT
    ... Oil ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) said Saturday that international investment in petroleum has shrank 20 percent ...

  • Iran denies oil export halt if sanctions continue 6 Dec 2009 09:25 GMT
    ... Iran denies oil export halt if sanctions continue Iran's envoy ... Iran's envoy to the Organization of the Petroleum Exporting Countries denies media reports that Tehran ... denies media reports that Tehran will stop crude oil exports if sanctions continue against the ...

  • BNK Petroleum Inc. continues European shale gas concession acquisition 6 Dec 2009 01:35 GMT
    ... /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR ... THE UNITED STATES/ CALGARY (CNW) - BNK Petroleum Inc. ("BNK" or the "Company") (TSX: BKX) ... that it has been awarded two additional oil and gas concessions, which total approximately 500,000 ...

  • Kurdistan: A lot of oil, a lot of risk 6 Dec 2009 04:35 GMT
    ... Kurdistan: A lot of oil, a lot of risk The future of ... Exxon, Royal Dutch Shell PLC, China National Petroleum Corp. and Italy's Eni SpA have either ...

  • Chinese Oil Demand Prospects in 2010 6 Dec 2009 11:05 GMT
    ... In many respects, commodity imports to China helped stabilize ... strong or weaken throughout 2010. Focusing on oil, it can be observed that global oil ... The second phase of the Chinese strategic petroleum reserve (SPR). Plans are underway to construct ...

  • BNK Petroleum Inc. continues European shale gas concession acquisition (CNW) 6 Dec 2009 01:31 GMT
    ... In accordance with the granting of these latest concessions, ... limited to: the risks associated with the oil and gas industry and BNK's ability to ... in foreign jurisdictions, the risk of commodity price and foreign exchange rate fluctuations, risks related ...


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