- 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 names religious freedom violators | 31 March 2009
- New iPhone? No thanks, say cash-conscious Europeans | | 22 December 2011
- Natalie Cole's Sister Dies After Her Own Successful Kidney Surgery | 23 May 2009
- Vatican mulls options over woman who lunged at pope
| | 26 December 2009
">Forum Views () ">Forum Replies ()
Read more with google mobile : Oil prices sink on Saudi talk of production cut
Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Oil prices sink on Saudi talk of production cut By The Associated Press AP - Wednesday, December 17 Oil prices fell Tuesday after OPEC powerhouse Saudi Arabia said oil production would be cut by 2 million barrels a per day to stem declining crude prices. OPEC has hinted that it may have to "shock" markets with a production cut and oil traders and brokers appear to have expected hints of a more severe reduction. "OPEC has been sending signals to the market for weeks calling saying a major production cut is on the way," said Phil Flynn, analyst at Alaron Trading Corp. "It's sort of like getting excited for a Christmas present. Obviously, the market wanted a bigger present." Light, sweet crude for January delivery fell 23 cents to $44.28 a barrel in electronic trading on the New York Mercantile Exchange. Oil prices, which had been up close to $1 all morning, fell below $44 just after Saudi oil minister Ali Naimi said production would likely be cut by about 2 billion barrels per day. The Organization of Petroleum Exporting Countries, which accounts for 40 percent of global supply, is not expected to make an official announcement about production levels until Wednesday. OPEC has struggled to halt falling crude prices as demand falls away. On Tuesday, OPEC predicted demand for its crude oil fell by 700,000 barrels per day this year, and will drop by at least twice that amount in 2009 as the worsening global economy "is expected to have a strong impact on oil demand." Tom Kloza, publisher and chief oil analyst at Oil Price Information Service, said OPEC likely will need to install a series of production cuts to get the attention of investors. "Most people are looking at 2009, and they just see the most rugged first 100 days to start any year that most of us have seen in our lifetime," Kloza said. Demand for gasoline tends to suffer during the cold winter months anyway, Kloza said, and as the economy sheds hundreds of thousands of jobs at the start of the new year, the drop in U.S. demand could be "as extensive as we've seen this decade." Kloza expects oil prices will dip below $40 in early 2009. The severe drop in energy costs pushed down consumer prices in November by the largest amount on records that go back 61 years, according to the Labor Department. A drop in prices for goods and services might sound good for consumers, but they also can force companies to slow production and cut jobs. In response, economists expect the Federal Reserve to cut the federal funds rate, already at a low of 1 percent, by another half-point Tuesday afternoon in an effort to keep the recession from worsening. OPEC members have repeatedly spoken of production cuts to bring the price of crude back up. Oil producing nations are struggling with public works projects based predominantly on sales of crude. Venezuela's energy minister, Rafael Ramirez, called for a consensus on a "significant cut" which he said should be of between 1 million to 2 million barrels per day. Investors will be watching for evidence OPEC members are adhering to any announced cuts, as exceeding quotas has dogged the organization throughout its history. Whether any announced cuts to production will stabilize oil prices remains to be seen. Two previous OPEC cuts amounting to 2 million barrels a day earlier this year have done little to stem the slide amid the worst economic downturn in decades. Oil prices, which reached a four-year low at $40.50 earlier this month, have fallen about 70 percent since peaking at $147.27 in July. "The market is still consumed with demand-side factors," said Gerard Burg, minerals and energy economist with National Australia Bank in Melbourne. "We don't expect a recovery until the second half of next year, so there's potential for further negative news to have a dampening affect on the crude market." In the United States retail gasoline prices rose again after the first reported rebound in nearly three months over the weekend. There is a lag between movement in crude and gasoline prices because it takes at least several weeks to refine oil to make fuel. The national average for regular gas rose to $1.6661 a gallon, just above the $1.6660 reported the day before, according to auto club AAA, the OPIS and Wright Express. Gasoline prices fell in Europe, according to data released late Monday by TCS, the Swiss automobile club. In Germany, Europe's largest economy, a liter of regular unleaded dipped to 1.132 euros ($1.54) or about $5.85 per gallon, which is 3.8 liters. On Dec. 1, it was 1.166 euros per liter. In France, a liter of regular unleaded cost 1.110 euros ($1.51), down from 1.155 euros two weeks ago, while in Great Britain it cost 0.894 pounds ($1.36) compared to 0.915 pounds. In London, January Brent crude rose 48 cents to $45.08 a barrel on the ICE Futures exchange. In other Nymex trading, gasoline futures rose 1.59 cents to $1.0528 a gallon. Heating oil gained 1.89 cents to $1.479 a gallon while natural gas for January delivery gained 10 cents to $5.745 per 1,000 cubic feet. ___ Associated Press writer Alex Kennedy in Singapore and Adam Schreck in Oman, Algeria, and Pablo Gorondi in Budapest, Hungary, contributed to this report. 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 OPEC readies cut of two million barrels a day: ministersAFP - Wednesday, December 17 Expectations of 2 million barrel OPEC oil cut growAP - Wednesday, December 17 Oil prices sink on Saudi talk of production cutAP - Wednesday, December 17 OPEC cuts demand projection for 2009AP - Wednesday, December 17 Related Articles: World Vilsack career launched from small-town tragedyAP - 20 minutes ago 'Dark energy' expands, contracts universe: researchersAFP - 40 minutes ago Veteran administrator picked to lead LA schoolsAP - 41 minutes ago Germany seeking US global warming cooperationAP - 47 minutes ago Officials: Obama selects Vilsack for ag postAP - 49 minutes ago Related Full Coverage oil price hike oil price hike All Full Coverage Most Popular – World Viewed Bush laughs off Iraq flying shoes drama Arabs hail shoe attack as Bush's farewell gift Pressure mounts on US regulators over Madoff pyramid scam Oil falls after brief surge above 50 dollars Actress Jennifer Aniston appears naked in GQ magazine View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular
Other News on Wednesday, 17 December 2008
Toyota to negotiate lower steel prices: report
Sri Lanka says 145 killed in northern fighting
Holiday season in crisis as Thai tourism plummets
ICA foils contraband cigarette smuggling, 3 arrested
Angola president arrives in China in search of investment
Morning isn't enough for NBC's `Today' show
Poetry organization receives $2 million grant
MDA offers grants to develop games for Xbox LIVE
Indonesia scraps plans to tag HIV patients
US worried about need for warrants in Iraq
Abbas says he'll call Palestinian vote `very soon'
Australia OKs Facebook for serving lien notice
Minorities protest restrictions on suspect charity
Kerry says Pakistan 'sincere' in Mumbai crackdown
Document: Actor Peter Falk has Alzheimer's
Clooney, Hanks urge against Hollywood actors strike
AP NewsAlert
China defends censoring websites that break rules
Fox orders musical scripted series
Santa village in Finnish Arctic awaits crisis crunch -- next year
Aretha Franklin among headliners at 2009 Jazz Fest
Argentine courts seize Iran diplomat's property
US: Afghan supply line fine, but drivers cite risk
One of world’s fastest off—track car, Ariel Atom, to be sold in Singapore
Berlin Film Festival to honour Doctor Zhivago composer
`Twilight' sequel speeds ahead for November 2009
Future looks rose for US wine in Britain
Israeli-Palestinian peace process is irreversible
Bangladesh lifts state of emergency after 23 months
For some Chinese, growth may not equal happiness
Semiconductor revenue to fall again next year: Gartner
Aretha Franklin to take stage at 2009 Jazz Fest
HBO, Winfrey's production company reaches deal
Airline offers 100,000 free tickets to Thailand
Ding's maximum joy fades as O'Sullivan exits
Disney-branded channel coming to Russia
BBC complains of Chinese censorship
In US first, Detroit papers to cut back on home delivery
Microsoft releasing emergency patch for perilous IE flaw
Aretha Franklin talks about new Xmas CD
Pellicano: No apologies to those he spied on
Ebert gets life membership from Directors Guild
At least 26 die as Israeli bus tumbles into ravine
Iraqi doctor found guilty of failed London, Glasgow attacks
PartyGaming founder pleads guilty, to forfeit 300 mln dlrs
Some 30 Russian tourists die in Israel bus crash | International |
European new car sales 'plunge 25.8%'
'Dark energy' expands, contracts universe: researchers
Greek PM vows to fight corruption after 11-day protest | International |
Dynamite found in Paris department store
OPEC readies cut of two million barrels a day: ministers
U.N. council allows Somali anti-piracy fight on land | International |
Fed cuts rate to virtually zero, will expand stimulus moves
Bush says seeking prompt action on auto industry
Emerging SE Asia haunted by culture of corruption | International |
White House says 'concessions' needed for auto bailout
Iraqi who threw shoes at Bush admits it in court | International |
Pressure mounts on US regulators over Madoff pyramid scam
Germany seeking US global warming cooperation
Iranians hit by Dubai property slide | International |
Goldman reports $2.12 bln loss
Mexico: So far, no exodus from US to Mexico
Rwanda denies U.N. panel charge it aids Congo rebels | International |
Launch of ruling ANC dissident party shakes up SAfrican politics
US gives Nicaragua 90 days to clear election concerns
Korea Hot Stocks-Ssangyong Motor down on production halt
Pakistan sees need for crackdown after Mumbai | International |
US: Nicaragua could lose aid over election dispute
Germany seeking US global warming cooperation
Tokyo shares open higher after US rate cut
Russian warships causing no ripples in Pentagon
S.Korea T-bond futures soar after heavy U.S. rate cut
Jobs won't deliver Macworld keynote | Technology |
South Korean won jumps over 3 pct vs dollar
Mobile phone market to shrink in 2009 | Technology |
Seoul shares rise after U.S. rate cut; banks,techs
Top UN official goes missing in Niger
South Korea says no risk of local mortgage crisis
Wireless companies warn of U.S. inauguration delays | Technology |
Sony, Fox Sports offer 3-D college football event | Technology |
China regrets WTO decision on auto parts
OPEC readies cut of two million barrels a day: ministers
U.S. cable companies giving free equipment for digital move | Technology |
Indonesia passes new mining law
Expectations of 2 million barrel OPEC oil cut grow
Michael W. Smith, others lend voices to charity
Oil prices sink on Saudi talk of production cut
State aid seen prolonging chip industry's woes | Technology |
OPEC cuts demand projection for 2009
Dennis Quaid settles with hospital on twins overdose | Entertainment |
American Idol is most time-shifted show: Nielsen | Entertainment |
Pellicano: No apologies to those he spied on
Hit film Twilight sequel will be harder, say stars | Entertainment |
Berlin Film Festival to honour Doctor Zhivago composer
Disney to launch free TV channel in Russia | Entertainment |
Oscar-winning Crash finds new life on TV | Entertainment |
Peter Falk suffers from Alzheimer's, daughter says | Entertainment |
Football tops ratings for NBC; CBS dominant
Mannish Boys lead nominees for blues awards
Will.i.am to perform on Dick Clark New Year's Eve
1 dead, 19 rescued as vessel sinks in Philippines
Marilyn Monroe pics sold for nearly $150,000
Bollywood's boys bulk up, add brawn to brooding
Minorities protest restrictions on suspect charity
Merger plan proposed for stricken LA museum
Australia strengthens sanctions against Zimbabwe
China defends right to censor Web sites
Lynne Cheney plans James Madison biography
Binge drinking an "emerging issue in S’pore", says HPB
UN empowers land operations against Somali pirates
Philippine rescue ship in distress, contact lost
Crackdown hampers earthquake relief in Pakistan
HDB brings forward some projects to help smaller contractors
Steve Jobs leaving MacWorld stage as Apple bows out
NKorea's Kim makes latest public appearances
Bangladesh lifts state of emergency ahead of vote
NKorea tightens its economic grip, restricts market trading
Toilet troubles in Japan as maker issues warning
CORRECTED
NKorea officials inspect Kaesong estate after border curbs
Arabs want meetings on Iran's nuclear program
New Thai PM promises 'competent' cabinet
China to send pandas to Taiwan on Dec. 23
SKorean actress who challenged adultery law gets suspended term
Fake Qantas engineer jailed
US to deploy stealth fighters to Japan
Senior NKorean official inspects industrial park
Indian parliament debates tougher anti-terror laws
Israel's Peres voices grief over bus crash to Medvedev: Kremlin
Time is on my side? Rolling Stones' Richards turns 65
Fed cuts rates, Asian markets' limited gains
Iraqi doctor faces life for failed London, Glasgow attacks
Taking a swipe at Bush: Zaidi-inspired shoe game on Internet
UN empowers land operations against Somali pirates
Nuclear engineer jailed over Iran software plot
US military deaths in Iraq war at 4,209
China says lending to US will not go on forever
US: 3 militants killed in raid in Afghanistan
Mexico says more US drug aid expected by January
S.Korea c.bank contributes $1.6 bln to bond fund
Excess semi inventories to surge end Q4 -iSuppli
South Korean Nov exports to China set record drop
Rebels claim to kill 130 Sri Lankan troops
Honda slashes profit forecast amid global downturn
Kidnapped Bangladeshi doctor says she was forced to marry
Nissan says cutting another 500 jobs
Aborigines win court fight against Swiss miner
Asian markets mildly higher after US rate cut
Singapore Nov exports slip, recession seen continuing
Pakistan stocks down despite fund talk; rupee firms
Oil prices rise to above $44 before OPEC meeting
Sydney court imprisons bogus aircraft engineer
Seoul shares gain after volatile trade; autos fall
OPEC to slash oil output, Russia may contribute
Taiwan's short-term rates higher than in U.S. -c.bank
Oil rises to above $44 before OPEC meeting
HK central bank cuts key rate after Fed's action
Hollywood reels under strike, nervously braces for sequel
Pianist Alfred Brendel takes final bow from concert stage
Hollywood reels under strike, nervously braces for sequel
Australian pet ambulance finds a growing niche
HIV/AIDS "hidden but growing" problem in the Philippines
New Thai PM to tackle economy
Sri Lanka troops, Tigers trade fire after heavy fighting
Rebels claim to kill 130 Sri Lankan troops
Seoul hospital refuses to end coma patient's life
NKorea releases more Kim photos to dispel health rumours
Migrant workers face the squeeze amid financial crisis: ILO chief
Thailand's new PM vows competent cabinet
NKorea nuclear talks fruitful despite collapse: US envoy
Rock, pop and electro: a Top 10 for 2008
Malaysia PM: Final mission to cool racial tensions
Ben Affleck, Mick Jagger join forces to help Congo refugees
Chie Tanaka dreams to be a singer
Report: SKorean actress found guilty of adultery
Seoul hospital refuses 'Right to Die' request
Azamara Quest begins debut cruise season in Asia
Voters head to polls in Kashmir for state election
Death toll from capsized Philippine ferry hits 30: coastguard
Malaysia denies any plan to close Catholic paper
Miss Asia Pageant results refuted
Wax statue created for Lin Chi-ling
Assyakirin Mosque in Taman Jurong reaches out to workers
Joey Yung will feel guilty to clinch APAC popular female singer award
Investors of failed structured products to know outcome of complaints by mid—Jan
Members of Israel's ruling party vote in primary
Greece demonstrators call for Europe-wide protest | International |
Rocket fire raises concern over Gaza truce
EU parliament approves climate change package
Britain's Brown in Iraq ahead of troop withdrawal | International |
Brother: Iraqi shoe-tosser seen by judge in jail
Iraqi doctor jailed for life for failed British bombings
Pirates seize four ships in Gulf of Aden | International |
Britain to pull troops from Iraq by May 31
Germany to take on at least 30 bln euros in debt: report
Iraqi jailed for car bomb plots in London and Glasgow | International |
North Korea presents more evidence of recovered Kim | International |
Brown visits Iraq, says mission to end mid-2009
Southern Africa launches urgent aid for Zimbabwe | International |
Britain to end Iraq mission first half 2009: statement
Islamists not main suspects in Paris probe: minister | International |
Unemployed masses worry stability-obsessed China | International |
Cambodia kills 320 fowl after bird flu outbreak
EU parliament approves climate change package
Arrested mob boss hangs himself in Italian jail | International |
Bush shoe-thrower brought before Iraqi judge
Residents vote in 6th round of Indian Kashmir poll
EU Parliament ratifies climate change plans
Two 'terrorists' sentenced to death for China attacks
30 years transform China, but not its politics
Lawyers turn to Facebook to serve legal papers | Technology |
Yahoo lowers data retention to three months | Technology |
Chinese sailors fend off Somali pirates, UN okays land ops
New PM vows to fix "failed" Thai politics
Iraq shoe-thrower inspires Bush-bashing Web games | Technology |
S$50m in Medifund given out to needy patients in 2007
New Thai PM to tackle economy
Philippine court convicts 4 Muslim militants
Asian stocks rise cautiously on US rate cut
Sprint unveils dual-mode modem for WiMax | Technology |
HK index up 2.2 percent on Fed's rate cut
China sentences 2 to death for attack in Xinjiang
Baucus urges Hanoi to lift restrictions on US beef
OPEC likely to OK 2 million barrel oil output cut
Singapore to sign MOU with World Bank group
Pakistan's 6-mth T-bill cut-off yield flat
WRAPUP 1-Azerbaijan, not Russia, offers OPEC oil cut
Madonna, Ritchie say divorce sums wrongly issued | Entertainment |
Honda slashes profit forecast amid global downturn
Oil rises above $45 before OPEC meeting
Oprah Winfrey makes TV movie deal with HBO | Entertainment |
South Korea's wobbly won shows signs of stability
OPEC agrees to record cut in oil output: Saudi minister
Directors Guild to honor Roger Ebert | Entertainment |
OPEC prepares record cut in oil output
CBS shows dominate weeklong ratings | Entertainment |
OPEC is on the edge of making record cut in oil output
Azerbaijan offers OPEC oil output cut of 300,000bpd
Dexter finale a boost for Showtime | Entertainment |
NBC giving Today a special primetime slot | Entertainment |
Ben Affleck, Mick Jagger join forces to help Congo refugees
Wanted by MTV: Adventure capitalists | Entertainment |
MSNBC promotes pimped out anchor | Entertainment |
Adapted screenplays confront dreaded voice-over | Entertainment |
Carrie Underwood to sing at People's Choice Awards
Pakistan: Children protest UN action on charity
S'pore's Great Eastern reports $44mln exposure to Madoff
Xinhua Finance to close financial news service
COE prices down across all categories, biggest drop in big car category
powered by
Custom Search
Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
Wednesday, 17 December 2008 - Oil prices sink on Saudi talk of production cut