InfoAnda - Oil prices higher on evidence of OPEC cuts

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

Toyota CEO breaks silence amid recall crisis | 6 February 2010
Obama reaches out to Iranian people | 20 March 2010
Turkey seizes drugs, guns, ammo in raid on Kurdish rebels | | 15 December 2012

NKorea accuses Obama's government of interference | 12 March 2009

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

Read more with google mobile : Oil prices higher on evidence of OPEC cuts

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 higher on evidence of OPEC cuts AFP - Monday, December 29 SINGAPORE, Dec 29, 2008 (AFP) - Oil prices rose in Asian trade Monday on evidence that OPEC members have begun complying with agreed output cuts, rebounding slightly from four-year lows before the Christmas break. New York's main contract, light sweet crude for February delivery, rose 1.69 dollars to 39.40 dollars a barrel, on top of a gain of 2.36 dollars to 37.71 in US trades on Friday. Brent North Sea crude for February delivery rose 1.64 dollars to 40.01, after rising 1.76 dollars to 38.37 in London on Friday. Analysts said the surge in prices was partly due to evidence that OPEC was cutting output as announced two weeks ago. The Organisation of the Petroleum Exporting Countries (OPEC) is starting to notify customers about the extent of production cuts, said Dave Ernsberger, Asia senior editorial director of Platts, an energy information company. "People are starting to see evidence on OPEC cuts," he said. Ernsberger said the United Arab Emirates gave notice at the weekend of output cuts between three to 15 percent, an example that cartel nations are serious about reducing production. OPEC's previous output cuts have often been met with only partial compliance. Ernsberger said that with many traders still on holiday, market liquidity is low and price movements can be exaggerated. Prices for the New York contract slid for nine sessions before bucking the trend last Friday, while Brent posted its lowest price in more than four years last Wednesday. Two weeks ago, OPEC agreed to cut output by 2.2 million barrels per day but prices continued to fall. Analysts have said recent US data showing that the world's biggest economy -- and largest energy consumer -- remains mired in a recession are likely to keep crude prices under pressure in the short term. A sharp global downturn has slashed the world's demand for energy, pulling prices sharply lower since record highs above 147 dollars per barrel in July. New York crude plunged earlier this month to below 33 dollars, its lowest point for almost five years as weak economic data around the world stoked concerns about the effects of a sharp global slowdown. With recession curbing the world's appetite for energy, analysts say, prices risk slumping further in 2009. Email Story IM Story Printable View Blog This Recommend this article Average (1 vote) Sign in to recommend this article » Most Recommended Stories » Related Articles: Oil Price Hike Oil prices higher on evidence of OPEC cutsAFP - Monday, December 29 Ecuador president announces oil production cutsAP - Sunday, December 28 Putin warns of higher prices as 'gas OPEC' meetsAFP - Wednesday, December 24 Bahrain says Occidental leads oil contract biddersReuters - Monday, December 22 Related Articles: Asia Pacific NKorea's Kim in firm control of country: SKorea officialAFP - 8 minutes ago Poll: Public support for Japan PM plungesAP - 23 minutes ago Japanese whalers disrupted by high seas pursuit: activistsAFP - 38 minutes ago RPT-GLOBAL MARKETS-Oil, gold surge as violence in Gaza continuesReuters - 45 minutes ago Computer glitch disrupts Japan's bullet trainsAFP - 59 minutes ago Related Full Coverage oil price hike oil price hike All Full Coverage Most Popular – Asia Pacific Viewed Actress Jennifer Aniston appears naked in GQ magazine Woolworths to close quarter of stores At least 210 dead as Israel hammers Hamas-run Gaza Chances of gas cut '50-50', Russia warns Ukraine Stars of Hollywood, high-tech open wallets for Obama party View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Monday, 29 December 2008
Singapore News
Israeli troops mobilize as Gaza assault widens
Clock ticks down to new Russia-Ukraine gas conflict
Israel Gaza blitz sparks protests across the Arab world
Fourteen children among 22 killed in Afghan attacks
Moderate Islamists seize two central Somali towns | International |
NKorea's Kim attends concert
Video captures deaths of 14 Afghan students
More parents sending children to art schools despite downturn
Wave of layoffs dashes Japanese myth of job for life
Japan's three major non-life insurers eye merger: report
Report: Obama Monitoring Escalating Conflict In Gaza Strip
10—year—old artist raises over S$6,000 for charity
Caroline Kennedy Responds To Critics In First Interview About Hillary's Senate Seat
Taiwan peacemaker not troublemaker: Ma
Laura Bush: Iraqi Journalist "Assaulted" President But Incident Showed Greater Freedom In Iraq
Taiwan high court overrules ex-leader's release in graft probe
'Clash of Civilizations' Author Samuel Huntington Dies
Retailers Looking For A Piece Of The Federal Stimulus Plan
Thailand: Thaksin followers begin 3-day protest
Settlement Reached In Lawsuit Against Navy's Use Of Sonar
'36 dead' in suspected suicide attack in Pakistan
Economic crisis may heighten depression during festive period
Beyonce leads singles chart for third week | Entertainment |
Marley & Me top dog at busy Christmas box office | Entertainment |
Settlement Reached Between Navy And Environmental Groups Over Sonar Use
Movie crowds adopt `Marley' with $37M weekend
Sour grapes for French wine in 2008
'Marley and Me' wags North America box office
Huge Catholic mass in Madrid seeks to promote family values
Movie crowds adopt `Marley' with $37M weekend
Taiwan home-grown food firms get boost after China scandal
Anger, sadness over fabricated Holocaust story
Gays outraged by pope's 'homophobic attack'
A chronology of Israel's relationship with Gaza
Israeli and Hamas truce demands
500 more immigrants arrive in Italy
Massive quake rebuild holds key for China economy | International |
Israel air strikes spark protests worldwide
Video captures deaths of 14 Afghan students
Pakistan: Marriott reopens as bomber kills 34
Mexico sentences migrant smuggler to 60 years
South Korean won hits near 8-week high vs dollar
Thailand's Kim Eng, M'sia's CIMB-GK seek buys-report
Seoul shares open down on oil prices, Hanwha hit
Bangladesh votes two years after cancelled elections
Seoul shares seen up; Daewoo Ship in focus
South Korea Dec consumer sentiment at a decade low
Sculptor Robert Graham dies in California at 70 | Entertainment |
Pols prize late-night and comedy show appearances
BET, TV One plan extensive inauguration coverage
'40s femme fatale star Ann Savage dies at 87
Two dead in Afghan car bombing, US soldiers hurt
Israel mounts third day of Gaza raids, 307 killed | International |
International community piles pressure on Israel
North Korea's Kim appears at large public event | International |
Strong turnout for Bangladesh election | International |
Protests delay Thai PM's maiden policy speech | International |
Fur, feathers and scales: offbeat animal stories of 2008
Suicide bomb kills at least 2 north of Kabul | International |
Obama economic plan to favor long-term projects: aides
Somali President Yusuf resigns | International |
China pandas sniff at Taiwan bamboo, lose weight | International |
Stalin voted third most popular Russian | International |
Laura Bush, Rice, defend Bush era
Gaza complicates Obama's policy in Mideast
NKorea's Kim in firm control of country: SKorea official
Oil prices higher on evidence of OPEC cuts
US military deaths in Iraq war at 4,219
GM supplier Delphi suspends work at China factory
Poll: Public support for Japan PM plunges
Japanese whalers disrupted by high seas pursuit: activists
Seoul shares recover to end flat; Hyundai Motor up
MP3 player guides rescuers to lost tourists | Technology |
RPT-GLOBAL MARKETS-Oil, gold surge as violence in Gaza continues
Japan stocks rise on insurance merger reports
Computer glitch disrupts Japan's bullet trains
Mother Accused Of Beating To Death 10-Year-Old Son
Malaysia, India to sign pact to protect workers: report
Wal-Mart to start selling iPhones on Sunday | Technology |
Suicide bomber kills 2 north of Afghan capital
South Korea weapons sales top $1bln for first time
Websites could get cinema-style ratings | Technology |
Indian coast guard searches for 300 missing migrants: official
Downturn hits even S.Korea's 'sacred' education budgets
China ties recent bomber to July bus blasts
Myanmar signs gas deal with China
Bangladesh votes under heavy security
S.Korea parliament chief to force votes on reforms
Chinese dairy firms to pay out millions to milk victims: state media
Pakistani central bank governor stepping down
Asian shares mixed in thin year-end trade
Cool Yule for Doubt and awards films | Entertainment |
Guitarist Delaney Bramlett dies in L.A. | Entertainment |
Publisher cancels disputed Holocaust love story | Entertainment |
Ahmadinejad Christmas speech annoys U.K. government | Entertainment |
Marley & Me top dog at busy Christmas box office | Entertainment |
Holidays hurt Hills as finale ratings fall | Entertainment |
Chinese pandas arrive in Taiwan in charm offensive
Indian PM: 'Nobody wants war' after terror attack
Pro-rebel site: 50 Sri Lankan troops killed
Tina Fey voted AP Entertainer of the Year
Report: 60 Sri Lankan soldiers killed in fighting
Israel bombs Gaza as Hamas rockets fly
Nanny Takes Heather Mills To Court Over Unfair Labor Practice Claims
Mills leads in close Ghana presidential vote: broadcaster | International |
European stocks jump after mixed Asian trade
Zimbabwe arrests should not delay unity deal: South Africa | International |
Chechnya voices anger over murderer's release | International |
African Union suspends Guinea over coup | International |
Moderate quake jolts central China; no injuries
Thai protests force PM to delay speech until Tuesday
Digital TV converter coupons in short supply | Technology |
Renaissance City Plan to create high value—added jobs in the arts
Indian painter Manjit Bawa dies at age 67
50 hurt in Philippine Christmas party collapse
Pakistan targets 75 bln rupees in T-bill auction
SKorean, Malaysian banks to set up branches in Vietnam
Trials open for 9 over China tainted milk scandal
Govt to proceed with Jurong Lake District development
HK stock index advances 1 percent
Moderate earthquake hits China's Sichuan
2008's Law Enforcement Fatalities Down Sharply From Previous Years
Taiwan dollar at 1-week high on exporter demand
Singaporean arrested in Johor for allegedly causing stepson’s death
A Brooklyn Car Dealer Was Shot, Killed By Armed Robbers
China coal miner talks with power producers fail
Obama Adviser: Rick Warren's Inaugural Prayer A "Good Thing" For The Nation
Tourism trouble on Thailand's tropical island of Phuket
Murders By Black Teens Rose Despite Overall Decline In Homicides, Study Says
Illinois Lt. Gov. Pat Quinn: Blagojevich Will Be Impeached By Feb. 12
China stocks fall on supply, earnings fears
China announces new export tax incentives
Beyonce leads singles chart for third week | Entertainment |
Wal-Mart Begins Selling iPhone
Watch-shaped mobile for video calls released
Friends suspect that Ai Iijima is murdered
Zhou Xun applies for Hong Kong settlement permit
Bosco Wong debut EP calls for celebration
Dennis Chew sobs as he speaks of "Ah Hea"
Muslim nations condemn Israel offensive
Pakistan urges de-escalation with India | International |
Iranian group registers volunteers to fight Israel
'Negative dynamic' for Russia economy in fourth quarter: Putin
Iraq, Britain hope to seal troop deal by year end | International |
Producer Jon Peters Sues Former Lawyer Of Theft And Fraud
Israeli foreign minister defends military strikes
Former Beatle John Lennon Appears In TV Advert After 28 Years Of Death
Natural disasters 'killed over 220,000' in 2008
Natural disasters 'killed over 220,000' in 2008
S’pore urges all parties in Gaza conflict to work towards ceasefire
Dubai's Depa JV wins $32 mln contract in Singapore
Pakistani GDP growth seen lower than target-cbank
Nearly 300 immigrants feared dead off Indian coast
Pakistan calls for calm with India
Two Snowmobilers Killed In Colorado Avalanche
More Than 400,000 Without Power In Michigan
Police arrest suspected teen burglar
Chairmen of JTC Corp and STB re—appointed
Florida Father, Son Discover Apparent Human Skull While Fishing In Canal
George Francis, America's Oldest Man, Dies At Age 112
Bangladeshi worker found dead in dormitory died of chickenpox
Singapore Flyer plans countdown party to draw in crowds
Pro-Thaksin protesters ring Thai Parliament
Trials open for 9 over China tainted milk scandal
Hollywood's happy, even without a record year
Hollywood's happy, even without a record year
Hoffman, Hopper among Critics' Choice presenters
Barenboim: Violence won't resolve Mideast conflict
Woman Invents Missing Child In Ruse To Get Back Ex-Boyfriend
Man Shoots Fellow Moviegoer For Talking During Film
Rare Quintuplets Born In Staten Island Hospital
America's Oldest Man Dies At Age 112
Florida Father, Son Discover Human Skull While Fishing In Canal
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