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CHAKIB KHELIL

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abtest

OPEC banks on end of recession to drive oil prices

May 28, 2009 - 4:34pm

VIENNA (AP) – OPEC oil ministers appear ready to sit back and let a recovering world economy lift crude prices instead of trying to bolster them by cutting back production.

GLOBAL NEWS :Oil dips below $40 on fears of weaker crude demand

December 23, 2008 - 1:19pm

SINGAPORE (AP) -Oil prices fell Tuesday in Asia, adding to a sharp drop overnight, as concern that energy demand is evaporating in the face of a severe global economic slowdown sent crude below $40 a barrel.

GLOBAL NEWS : Oil bounces off 4-year lows to near $43 a barrel

December 8, 2008 - 1:00pm

SINGAPORE (AP) -Oil prices bounced off four-year lows to near $43 a barrel Monday in Asia after OPEC's president suggested the group could surprise investors with a large production cut later this month.

GLOBAL NEWS: OPEC ends Cairo meeting without new output cuts

November 30, 2008 - 2:09am

CAIRO (AP) – OPEC ended a hastily convened meeting in Cairo yesterday without announcing new output cuts, despite the steep drop in crude prices and the threat it poses to member governments' national bud...

Analysts say market poised for profit-taking this week

By Zinnia B. Dela Peña | November 17, 2008 - 12:00am

The market is poised for profit-taking and consolidation this week following strong bargain hunting gains on some key blue chip stocks.

Business

Oil prices in Asia rebound to $67

October 24, 2008 - 12:00am

Oil prices rebounded from a 16-month low to rise above $67 yesterday in Asia on expectations OPEC will ...

Headlines

GLOBAL NEWS: Large OPEC oil production cut looms

October 23, 2008 - 8:40am

VIENNA (AP) - When oil prices go down, OPEC slashes production and the cost of crude rises, right? Maybe not ...

GLOBAL NEWS: Oil falls below $71 as dollar gains against euro

October 22, 2008 - 7:15am

NEW YORK (AP) – Oil prices slumped back below $71 a barrel yesterday as a stronger dollar overshadowed ...

GLOBAL NEWS: Oil rises to $75 as OPEC eyes production cut

October 21, 2008 - 12:52pm

SINGAPORE (AP) -Oil prices rose to above $75 a barrel Tuesday in Asia as investors expected OPEC to try to halt ...

GLOBAL NEWS: Oil rises to $75 as OPEC eyes production cut

October 21, 2008 - 12:52pm

SINGAPORE (AP) -Oil prices rose to above $75 a barrel Tuesday in Asia as investors expected OPEC to try to halt ...