InfoAnda - Oil prices fall in Asia

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Yahoo! News | 12 January 2011
Cult fave T.A.M.I. Show comes to DVD | | 6 March 2010
Citing crisis, Janet Jackson cancels Japan tour | 27 January 2009

India predicts 40% leap in demand for fossil fuels | 1 November 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Oil prices fall in Asia

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Oil prices fall in Asia AFP - Monday, November 17 SINGAPORE, Nov 17, 2008 (AFP) - Oil prices fell in Asia on Monday after hopes for an OPEC production cut later this month were dashed while grim economic news mounted, analysts said. New York's main futures contract, light sweet crude for delivery in December, dropped 1.26 dollars to 55.78 dollars a barrel after falling 1.20 dollars to close at 57.04 on Friday at the New York Mercantile Exchange. Brent North Sea crude for January eased 84 cents to 53.40. The contract rose 2.25 dollars to 54.24 on Friday in London. The Organisation of the Petroleum Exporting Countries (OPEC) is scheduled to hold an extraordinary meeting on November 29 in Egypt and some members are calling for the cartel to further cut production in the face of plunging oil prices. But weekend comments by OPEC president Chakib Khelil suggest output will not be lowered this month, said Dave Ernsberger, Asia director of global energy information provider Platts, in Singapore. "Chakib Khelil basically said that they will not cut on November 29th," Ernsberger said. Concern for slowing economic growth and its impact on energy demand has led oil prices to plummet since striking record peaks above 147 dollars in July. The dive has sparked alarm among the OPEC cartel, whose members pump about 40 percent of the world's crude supplies. State television in Iran, OPEC's number two oil producer, reported on Saturday that the country favours reducing crude production by 1.0 to 1.5 million barrels per day at the meeting in Cairo. Kuwait, the bloc's fourth-largest producer, is prepared to cut output if its OPEC partners decide to reduce production, the oil minister said on Sunday. Quoted by the official KUNA news agency, Mohammad al-Olaim called for a revision of the oil market to "restore balance between actual need for crude," and supply, adding that inventories of many countries are full of surplus oil that could lead to a glut in the market. Ernsberger said that even if the cartel does not reduce output this month, a cut looks very likely in December when another OPEC meeting is scheduled. But the oil market is looking for faster action, he said, in light of grim economic news that signals a worsening of global demand for oil. "On the demand side news is even more gloomy," Ernsberger said. Japan's economy, the second largest in the world, slipped into recession in the third quarter as companies slashed investment to weather the financial crisis, official data showed Monday. On Friday European Union data showed that the 15-nation eurozone fell into recession for the first time ever, while government figures the same day from Hong Kong showed the southern Chinese financial hub had also slipped into recession. Oil prices have continued lower despite OPEC's decision on October 24 to reduce production by 1.5 million barrels a day. burs-it/jw Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Oil Price Hike Oil prices fall in AsiaAFP - Monday, November 17 OPEC head: oil production cuts unlikely this monthAP - Monday, November 17 Crude continues decline despite signals from OPECAP - Saturday, November 15 Crude falling despite news of another OPEC meetingAP - Saturday, November 15 Related Articles: Asia Pacific Meeting of Tibetan exiles to discuss future opensAP - 17 minutes ago GLOBAL MARKETS-Asia stocks, oil slip with focus on grim outlookReuters - 28 minutes ago Australia invests in whale researchAP - 31 minutes ago US supply trucks resume travel in Pakistan passAP - 39 minutes ago Deposed Thai PM Thaksin now in Dubai: aideAFP - 41 minutes ago Related Full Coverage oil price hike oil price hike All Full Coverage Most Popular – Asia Pacific Viewed US space-funeral company plans to launch lunar cemetery Obama thinking big, despite crisis Prince Charles wants to speak out as king: biographer Earth would be heading to a freeze without CO2 emissions Democrats face White House opposition to new economic plan View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Sunday, 16 November 2008
Iraq's Cabinet approves security pact with US
Congo rebel says he supports U.N. peace process | International |
Four Palestinians killed in Israeli air strike
Iraq struggles to sweep Saddam's landmine legacy | International |
Security for any Afghan Taliban talks, Karzai says | International |
Pakistan to re-open Khyber to supply Western forces | International |
India Hindu suspect questioned over second blast | International |
Somali govt says weakened by Islamist onslaught | International |
Ousted PM Thaksin divorces: spokesman | International |
Taiwan mulling shopping scheme to boost consumption: report
Israeli airstrike kills 4 Gaza militants
Indonesia lifts tsunami warning after Sulawesi quake | International |
Wired ... but frustrated
Iraq's government approves security pact with US
Endeavour docks with space station
US media ramps up to cover new White House
Israel PM accuses Hamas of 'shattering' Gaza truce
Israel urges greater force vs Iran nuclear work | International |
Analysis: Some Israelis want tough love from Obama
Iraqi cabinet approves US pact amid bloodshed
Russian liberals launch pro-Kremlin party | International |
New dovish faction shaping up in Israel
Sudan says Darfur clash did not breach ceasefire | International |
Iraqi government starts paying Sunni fighters
Jewish settlers given 72 hours to leave Hebron house
Palm oil prices to plunge due to oversupply, lower demand: report
Obama vows to exit Iraq and rebuild US 'moral stature'
Pakistani rupee seen stabilising after IMF agreement
Obama vows to shut down Guantanamo Bay camp
NZ services sector perks up in Oct-survey
S.Korea Oct dept store sales flat on yr
India in strong economic shape, corporate leaders say
Iraqi cabinet approves US military pact
James Bond rules worldwide box office | Entertainment |
OPEC head: oil production cuts unlikely this month
Vietnam walks tightrope between inflation and downturn
`Twilight' time: Vamp tale seeks blockbuster bite
Olmert calls for world to stop Iran nuclear bomb
Voting begins in Indian Kashmir under tight security | International |
Indonesia quake kills at least 2, tears down houses | International |
Afghan Taliban prepare response to Karzai safety vow | International |
Astronauts open hatch between space shuttle and ISS
Pop opera hunks Il Divo top British charts
Suspected ETA military chief arrested in France | International |
Huge gaps in 'good health' lifespan across Europe: study
Storm churns towards south Vietnam | International |
Japan firm recalls 8 million bottles of U.S. mineral water | International |
Israel urges greater force vs Iran nuclear work | International |
China may legalise unofficial banks: report
Russian liberals launch pro-Kremlin party | International |
Many concerns left unanswered after weekend summit
China's oil demand falls sharply amid global crisis: top producer
S.Korea T-bonds surge on hopes for c.bank support
Music Mogul offers virtual world to musicians, fans | Technology |
World markets sceptical about G20 action plan
APEC leaders expected to adopt measures to contain turmoil
Oil prices fall in Asia
NZ dollar recovers from 3-week lows; bonds firm
Tourist arrivals plummet in Thailand amid credit crunch
Hollywood out of step with American morals: poll | Entertainment |
Two China airlines to get govt aid: state media
Japan slides into recession, 1st time since 2001
Aaron Eckhart leading action movie for first time | Entertainment |
Australia pins high hopes on its most costly movie | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01