Iran joins Venezuela, Libya to say no harm in $100 oil
OPEC's leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near $100 a barrel.
Oil prices rising too high, too fast: Total CEO
Global oil prices have risen too high, too quickly but increased OPEC output will not stem the rise as the climb is driven by demand, the chief executive of French oil major Total said on Sunday.
OPEC ready to act but not due to speculators: report
OPEC is ready to act to address supply shortages in the oil market but not to counter price moves caused by speculation, Secretary General Abdullah al-Badri told an Austrian newspaper. The group is monitoring the situation closely, and OPEC will intervene to stabilize the market if the market is imbalanced. OPEC will not intervene because of speculators, he told Wirtschaftsblatt in excerpts of...
World can live with $100 oil: Libya
Oil prices at $100 a barrel would not harm the world economy and there is no need for OPEC to hold an emergency meeting or add supplies, Libya's top oil official said on Thursday.
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Iran, Kuwait say no to increasing crude supply
Kuwait and Iran, two of the world's largest crude exporters and prominent members of the Organization of Petroleum Exporting Countries (OPEC), have reiterated that they don't see the need to raise output to keep rising crude prices under check.
Can US drill its way to low gasoline prices?
Former Shell Oil CEO John Hofmeister's prediction a fortnight ago that retail gasoline prices would hit $5 per gallon by 2015 has gone viral since then, drawing attention largely on the U.S. drilling policies but also spooking consumers and polarizing analysts in the process.
Oil climbs above $92, anticipates economic growth
Oil climbed above $92 on Monday to its highest since October 2008, spurred on by expectations economic recovery will boost energy demand and as market bulls set their sights on $100 a barrel.
Oil extends rally above $91 on optimism, eyes U.S. data
Oil extended its rally above $91 a barrel on Monday on optimism the global economic rebound is gathering momentum, which could drive demand growth and send prices above $100 later this year.
Russian 2010 oil output hits post-Soviet record
Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world's top oil exporter to ramp up production at its greenfield sites.
Oil to end the year up 12 percent, average near $80
Oil was set to close the year up more than 12 percent, despite a slight decline on Friday, due to a resurgence in global demand, an unusually cold winter and falling inventories.
Oil at $90 brings small OPEC supply rise: survey
OPEC output has risen slightly in December as Nigerian supply has increased, a Reuters survey found, indicating the group has yet to boost production substantially in response to prices at a 26-month high.
OPEC output up slightly in December: Reuters survey
OPEC output has risen slightly in December as Nigerian supply increased, a Reuters survey found on Thursday, indicating the group has yet to boost production substantially in response to prices at a 26-month high.
Iran says oil likely to touch $100 per barrel
Iran's OPEC governor said that that the oil market is balanced and is likely touch $100 per barrel , the Oil Ministry's website SHANA said in a statement
Market oil balanced, prices likely to increase: Iran
Iran's OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry's website SHANA reported.
Iran says market oil balanced and prices likely to increase
Iran's OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry's website SHANA reported.
World economy can withstand $100 oil price: Kuwait
The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated global production was unlikely to rise in 2011 because the market was well supplied.
No sign of OPEC concern with oil heading for $100
Core OPEC ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation.
Oil near 2-year high on cold, risk appetite
Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from OPEC it would not arrest the rally.
Oil near to 2-yr high on cold, risk appetite
Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and no signals from OPEC it was prepared to arrest the rally.
Oil near to 2-year high on cold, risk appetite
Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and no signals from OPEC it was prepared to arrest the rally.
Arab OPEC ministers to meet as oil price tops $91
Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach how high an oil price the world economy can stand as crude jumped to a more than two-year high above $91 a barrel.
Oil near 2-year high on cold snap, tighter stocks
Oil prices held above $90 a barrel, close to their highest in two years on Thursday, after cold weather boosted demand and U.S. stockpiles shrank.
When will Saudi oil policy kingpin al-Naimi retire?
Though a change of guard at the Saudi oil ministry looks more certain than otherwise, the fact that Iran will assume the revolving chairmanship of the OPEC next month can potentially impact the timing of Saudi Arabia's long-serving oil minister Ali al-Naimi's retirement.
Saudi still favors $70-$80 oil, OPEC holds supply
Leading OPEC producer Saudi Arabia said on Saturday it still favored a $70-$80 price range for oil, a restatement of a two-year-old policy that will be welcomed by consumer nations worried that rising oil prices may get out of control and hamper global economic recovery.
Factbox: OPEC ministerial comments at Quito meeting
OPEC agreed to maintain current oil production levels at its meeting on Saturday while Saudi Arabia reiterated that $70-$80 a barrel was its favored price for crude.
OPEC holds steady as Saudi restates $70-$80 goal
Saudi Arabia said on Saturday that it still favored a $70-$80 range for oil, a restatement of a two-year-old policy that will relieve consumer nations worried that Riyadh might let oil prices get out of control and slow global economic recovery.
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