InfoAnda - OPEC leaves oil quotas unchanged, seeing economic 'risks'

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

US-ENTERTAINMENT Summary | 18 June 2009
Israel returns fire after rocket attack from Lebanon | 12 September 2009
Capsule reviews: `Funny People' and other films | 29 July 2009

Japan warns that deflation can drag on recovery | 20 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : OPEC leaves oil quotas unchanged, seeing economic 'risks'

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap OPEC leaves oil quotas unchanged, seeing economic 'risks' AFP - Sunday, December 12 Send IM Story Print OPEC leaves oil quotas unchanged, seeing economic 'risks' QUITO (AFP) - – OPEC decided to leave production quotas unchanged in a meeting in Ecuador's capital Quito Saturday, stressing looming "risks to the fragile global economic recovery." The 12-nation Organization of the Petroleum Exporting Countries said in a statement that the economic growth that had pushed oil to above 90 dollars a barrel this week was likely to slow next year. That, and the challenges to the world's recovery from the 2008 financial crisis, "would negatively impact on oil demand," it said. OPEC highlighted "the adverse risks of possible currency conflicts and fears of a second banking crisis in Europe" along with low industrial output in developed countries, high unemployment and "ample spare capacity throughout the oil supply chain." The cartel at the same time said it was "comfortable" with current prices. Oil futures trading Friday finished at 90.48 dollars in London trade for delivery in January. New York's main contract, light sweet crude for January, finished at 87.79 dollars a barrel. "There is a general feeling in the market that the current prices are comfortable for producers and for consumers," said OPEC's current president, Ecuadorian Oil Minister Wilson Pastor-Morris. He noted that, for all the "cautious optimism," though, "nothing can be taken for granted." Stronger-than-expected demand attributed to a harsh winter hitting Europe and parts of North America was pushing oil prices higher this year, as was growth in China and other developing nations. But OPEC said speculation was also fueling the rise. And observers said economic uncertainties suggested the rally might not last, with fears rising that China's economy was at threat by soaring inflation. The International Energy Agency said Friday that "global demand growth should ease in 2011, from 2.5 million barrels per day to 1.3 mbd, amid renewed structural OECD decline, and as post-recession froth in markets like China subsides," the IEA said. OPEC's decision meant it would maintain production at 24.8 million barrels per day, the level set after a hefty quota cut in January 2009 to cope with a collapse in oil prices caused by the financial crisis. The organization accounts for nearly 40 percent of the world's oil output. Some OPEC members -- Iran, Venezuela and Libya -- were urging higher prices, to above 100 dollars a barrel to offset what they said were rising production costs. But OPEC heavyweight Saudi Arabia differed, with its oil minister, Ali al-Nuaimi, telling reporters he thought "70 to 80 (dollars per barrel) is a fair price." OPEC Secretary General Abdalla Salem El-Badri told a news conference that it was up to the markets to set the price according to supply, but noted that the dollar has been steadily losing value. "This price we see at this time has not damaged world growth," he said. "Yes, in Europe, it is 90 dollars. But they (the Europeans) like it because the price is very low. Who is hurting is our producer countries, because we sell our crude in dollars and buy in euros. So you see how much we are losing," he said. He added: "The dollar is coming down almost every day." OPEC set its next meeting for June next year in Vienna. Iran was taking over the cartel's rotating presidency next year, the first time in 36 years it will have held the leadership. Recommend Send IM Story Print News Search Top Stories US colleges set ice hockey attendance record OPEC leaves oil quotas unchanged, seeing economic 'risks' Nations set up global climate fund Kuwait boosts stake in French nuclear giant Areva City near Premiership summit as Newcastle beat Liverpool More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Madoff 'soul mate', others sued for 19 bln dollars Amanda Knox breaks down in Italy sex-murder trial Russia's Putin sings Armstrong for Hollywood stars Pole-dancing: world's latest craze Madoff son found dead of apparent suicide More Most Viewed » NASA finds new form of life... on Earth US, S.Korea plan war games after N.Korean attack Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 12 December 2010
Leaks show strength of Egyptian positions
Two blasts kill one man in Swedish capital |
WikiLeaks supporters' group abandons cyber attacks
OPEC 'comfortable' with oil price surge
Iraqi Kurd leader says Kirkuk belongs to Kurdistan
Bayern up to fifth, Schweinsteiger extends deal
Roadside bomb attack kills 15 in Afghanistan
Madoff son found dead of apparent suicide
Ten dead as H1N1 flu returns to Britain |
Iraq Kurd leader seeks right to self-determination
Dutch arrest man for attack on prosecutor's website |
Sudan vote opponents spread confusion
NATO: 25 Afghan insurgents killed in the east
Haiti presidential candidates reject vote recheck |
Japan calls for end to Israeli settlements
Roadside bomb kills 15 civilians in Afghanistan
Australia FM: time running out on peace process
Car bomb near Afghan police HQ; 6 wounded
N.Korea sends minister to Russia amid tensions
Tonnes of debris fished from Chinese dam
Japan dominate judo Grand Slam first day
Scandal-hit Indian politician pledges cooperation
China inflation rises at fastest pace in two years
U.S. diplomat Richard Holbrooke in critical condition
King of Pop photos up for auction in Paris
Obama 'must talk to Afghan Taliban'
Turkmenistan holds summit for key TAPI pipeline
Germany, India push for huge increase in trade
Dutch arrest man for attack on prosecutor's website |
Jailed Afghan drug lord was CIA informant: report
Twin 'terrorist' blasts in Stockholm kill one
Sweden calls Stockholm blasts terrorist attack |
WikiLeaks backlash all bark, no bite: experts
Israeli troops kill two Gaza militants
US colleges set ice hockey attendance record
Global demos in support of jailed WikiLeaks chief
One dead in Sweden blasts
Drug shootout mars religious festival in Mexico |
NATO: Troops kill Taliban operative in Afghanistan
Kuwait boosts stake in French nuclear giant Areva
OPEC leaves oil quotas unchanged, seeing economic 'risks'
Dutch police arrest second teenager for hacking
Nations set up global climate fund
South Korea to stage firing drills off coasts |
US-TECH Summary
'I will survive', says Berlusconi, condemning 'lies'
Violence rises ahead of US review of Afghan war
Kosovo starts voting, some Serbs boycott election |
City near Premiership summit as Newcastle beat Liverpool
Dutch arrest man for attack on prosecutor's website
Russian football fans run riot in Moscow protest
Bulgaria, Greece push for timeline for Balkans' EU bids
Amanda Knox breaks down in Italy sex-murder trial
U.S. intel hub to counter Islamism in Spain: cable |
US envoy Holbrooke in 'critical' condition
U.S. diplomat Richard Holbrooke in critical condition
Malaysia's 14-year-old bride defends marriage
S.Korea to continue live-fire drill off all coasts
Venezuela opponents wary of Chavez decree powers |
Global climate fund established at Cancun talks
World's best in horse racing set to go in Hong Kong
Climate talks end with modest steps, no Kyoto deal |
Indonesians 'in need to diversify diets'
Japan's robot suit to bring hope to the disabled
Fickle weather worries French wine growers
US, N.Zealand secretly resume intelligence ties: report
Facebook, Twitter: new roadmap for high-end travel
Japan, Arab nations see expanding economic ties: League
Fireworks blast in east China kills 8, injures 6
Foreign-language films make inroads in India
Japan says gained understanding on climate
Apartheid icon Makeba honoured at MTV Africa awards
Asian champions Seongnam set-up Inter clash
Activists target Dutch website after boy arrested |
Car bomb kills 13 and wounds dozens in Iraq's Ramadi
Authorities probe Swiss Post over Assange bank account
Prominent Iranian journalist 'jailed for 16 months'
U.S. pastor who threatened to burn Koran plans British visit |
Russia kills three in N.Caucasus raid: official
Gbagbo accuses foreign powers of wooing I.Coast army
Three dead in Bangladesh garment wage protests
Attack kills six foreign troops in Afghanistan |
Six police among 13 killed in Iraq suicide attacks
2010 -- the year tablet computers came of age
China's leaders pledge stable economic growth
Six soldiers die in Afghanistan attack: ISAF
Car bomb kills 13 and wounds dozens in Iraq's Ramadi |
6 police among 8 killed in Iraq suicide attack
Venezuelan missile purchases worried U.S.: WikiLeaks |
6 NATO troops killed in attack in Afghanistan
Bangladesh police break up workers protests: three dead |
NATO: Troops kill Taliban operative in Afghanistan
Gbagbo ally accuses West of wooing Ivorian military |
Egyptians protest parliamentary vote results |
Weather Service warns of 8-state Midwest blizzard
Taiwan to OK three billion dlr China plant: report
Suu Kyi to 'persevere' for dialogue with junta
One small town's battle for tolerance
China business in Africa breaking free of Beijing
Bluefin tuna catches to be reduced in Pacific: reports
Police: Remains found believed to be missing girl
Black porn causes a stir in South Africa
Toyota yet to outrun recall crisis, say analysts
China's leaders pledge stable economic growth
Elizabeth Edwards remembered for her wit, resolve
India microlenders facing crisis, warns industry
Yongpyeong ready for ski festival
American lawmakers press China ahead of talks
Free red shirts face more poverty
Lawmakers, govt staff poised for pay hikes
Games powered by love
Korea-U.S. FTA may aid EU, Japanese firms
2010 -- the year tablet computers came of age
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