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Tue, 02 Dec 2008 | 05:44 GMT
 
Top Commodities News

  • OPEC Chief: Cartel May Decide 'Major' Output Cut


    OPEC will decide on a "major" output cut next month if the oil market is deemed to be deteriorating, the cartel's secretary general Abdalla Salem El-Badri said. AFP - 01Dec 09:07GMT
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  • Oil Down In Asia As OPEC Maintains Output Quota


    World crude prices weakened in Asia Monday after the OPEC oil cartel maintained existing production quotas at a weekend meeting amid a global downturn, dealers said. AFP - 01Dec 04:01GMT
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  • Saudi, UK environment companies sign accord


    The two global leaders in environmental services - Kingdom's SEPCO Environment and Britain's Taylor - this week have signed a memorandum of understanding (MoU) to develop the market for highly reliable, durable and high quality waste and recycling management infrastructure in Saudi Arabia. The Saudi Gazette - 30Nov 06:33GMT
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  • OPEC Holds Current Output, Hints At December Cut


    The Organisation of Petroleum Exporting Countries froze its oil output quota on Saturday and vowed to take any action necessary to balance the market next month, its president said after informal talks in Cairo. AFP - 30Nov 03:58GMT
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  • VideoAli Nuaimi: No decisions will be taken in today's ongoing OPEC meeting in Cairo


    (Arabic) Saudi minister for Petrol and Natural Resources, Ali Nuaimi, stated today that no decisions will be taken during today's preliminary OPEC meeting in Cairo Al-Arabiya - 29Nov 10:54GMT
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  • Saudi King Says $75 Oil Price 'Fair'


    King Abdullah of OPEC powerhouse Saudi Arabia said in an interview published on Saturday that oil prices of 75 dollars a barrel would be "fair". AFP - 29Nov 07:13GMT
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  • OPEC Set To Bide Time Over Output Cut


    OPEC meets in Cairo later Saturday to review turmoil in the world oil market and decide whether another crude output cut is needed to prevent prices spiralling even lower. AFP - 29Nov 06:05GMT
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  • Iraq says 80 dollars a 'reasonable' price for oil


    Iraqi Oil Minister Hussein al-Shahristani said on Friday that 80 dollars a barrel is a "reasonable" price for oil and that his country would support any OPEC decision to cut output. AFP - 29Nov 05:57GMT
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  • OPEC: Oil Stocks High, Might Delay Cut Until Dec


    The world oil market is over-supplied with inventories at their highest in five years, OPEC officials and ministers said on Friday, but a decision to cut output will likely be delayed until December. AFP - 28Nov 13:30GMT
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  • Rising oil inventories worry Opec members


    Inventories of crude oil held by developed countries have risen above the Opec oil cartel's comfort level, Opec warned just as its member countries' ministers arrived in Cairo on Friday to discuss whether to cut their output further. Financial Times - 28Nov 12:49GMT
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Opec Official On Production Cuts
 
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OPEC's Abdullah Al Badri projects a move towards reducing production - 01Dec
 
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