OPEC

Saudis raise oil production to curb prices

Posted on June 07th, 2011 in Energy Sector, India Shares, OPEC

Saudis raise oil production to curb pricesAccording to the Angolan oil minister, some members of OPEC will resist the demand of increase by Saudi Arabia in OPEC’s oil output because members want to review the production levels.

Members like Ecuador, Venezuela and Angola said that oil supplied in oil markets is good enough and they found no reason to increase the production.

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Oil Closes at Two-and-a-Half Year High

Posted on March 31st, 2011 in dollar, Federal Reserve, gas, gas prices, gasoline, India Shares, inthenews, Libya, middle east, oil, oil prices, OPEC, Saudi Arabia

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rising oil pricesThe conflict in Libya continues to spark concerns over possible supply problems, sending oil prices soaring over the past couple weeks and settling at a two-and-a-half year high this afternoon.

In addition to Libya, oil also got a push today from a falling U.S. dollar. The greenback was down in reaction to speculation the European Central Bank would be raising interest rates, to fight possible inflation.

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Oil Closes at Two-and-a-Half Year High originally appeared on BloggingStocks on Thu, 31 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.

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OPEC: Output Targets Unchanged

Posted on December 12th, 2010 in India Shares, inthenews, oil prices, oil production, OPEC

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OPEC logoOPEC, which is responsible for 35% of world’s oil production, has left output quotas unchanged at 24.85 million barrels a day.

The International Energy Agency (IEA) forecasts worldwide demand at 88.8 million barrels a day for 2011, up from 87.1 million bpd this year.

Oil has rallied 25% this year. OPEC profits are estimated to be higher by 35% to $750 billion. Recent oil prices have hovered between $80 to $90 per barrel.

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OPEC: Output Targets Unchanged originally appeared on BloggingStocks on Sun, 12 Dec 2010 09:40:00 EST. Please see our terms for use of feeds.

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Reserve Bank of India releases RBI Monthly Bulletin for December 2010

Posted on December 10th, 2010 in 3g spectrum, Balance of Payments India, Balance of Payments Manual, broadband wireless access, Central Government Finances, commodity groups, daily wage workers, Developing Countries, Directorate General of Commercial Intelligence, disinvestment in India, Eastern Europe, higher inflation, India Foreign Trade 2010, India Shares, Ministry of Commerce and Industry, oecd, oil and non-oil imports, OPEC, Quarterly Industrial Outlook Survey, rbi monthly bulletin, rbi working groups microfinance, Reserve Bank of India, state of government finances

Reserve Bank BulletinThe December issue of the Bulletin contains five special articles: Quarterly Industrial Outlook Survey: July-September 2010 – (51st Round) , Inflation Expectations Survey of Households – September 2010 – (21st Round), Report of the Working Group on Balance of Payments Manual for India, Central Government Finances: April-September 2010, India’s Foreign Trade: April-September 2010. Highlights of special [...]
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  1. RBI releases monthly bulletin for October 2010
  2. RBI Monthly Bulletin for November 2010 released
  3. CII Business Confidence Index for Oct-Dec 2010 falls by 1.4 points

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