Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Opec agrees to maintain oil output ceiling  Join our daily free Newsletter

MENAFN - Khaleej Times - 12/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) The organisation of petroleum exporting countries or opec has agreed to maintain its oil production ceiling at 30 million barrels per day venezuelan energy minister rafael ramirez said on wednesday after the group met in vienna.

asked whether ministers had decided to leave the output target unchanged ramirez replied: “yes i confirm.”

saudi arabia the group’s most influential player and biggest producer added that it was “very happy” with the state of the global oil market .

“how many times did i already tell you? i am very happy with the market” ali al naimi saudi arabia’s oil minister told reporters upon his exit from the gathering at the opec’s vienna headquarters.

the opec which accounts for one-third of the world’s oil has held its daily production ceiling at 30 million barrels since december 2011.

in the run-up to the ministerial gathering more than half of the opec’s dozen member nations indicated that there would likely be a rollover of the collective output target.

ramirez indicated earlier on tuesday that the cartel had reached a consensus for no change before formally agreeing to the decision.

al naimi had already expressed satisfaction with the state of the oil market stressing that it was stable and balanced.

“everything is in good order supply is good demand is good price is good” he said on tuesday.

brent north sea crude for delivery in july rose 45¢ to stand at 109.97 a barrel in london midday deals. us main contract west texas intermediate for july gained 16¢ to 104.51.


 






  MENA News Headlines
 Aug 29 2014 - UAE's Danube posts 16% sales growth in H1MENAFN
(MENAFN) Danube Group announced it achieved a continuous sales growth of 16 percent in January-June period, due to the launch of their real estate division, Danube Properties and the re-branding of ...

 Aug 29 2014 - US equity firm set to buy stakes at Dubai's GEMSMENAFN
(MENAFN) Blackstone Group LP, a New York-based private equity firm, is close to a deal to acquire a minority stake in Dubai's GEMS Education, marking its first investment in the Middle East, Arabian ...

 Aug 29 2014 - Burger King's new acquisition will not have effect on ME operationsMENAFN
(MENAFN) Burger King's acquisition of Tim Horton's will not have an effect on the fast food chain's operations in the Middle East, Gulf News reported.According to a statement by Burger King, the ...

 Aug 28 2014 - New Garcinia Cambogia Extract Whole Body Review By Top Doctors Like Dr OZ Website Launched For Weight Loss and Diet Management And Side Effects InfoMENAFN Press
(MENAFN Press) Palm Bay, U.S. – /PressCable/ - Satisfied Customer Review and TestimonialEver since it was recently introduced to the world on the Dr. Oz television program Garcinia Cambogia has ...

 Aug 28 2014 - The Diabetes Protocol ReviewCan Dr.Pullmans Treatment Really Reverse DiabetesMENAFN Press
(MENAFN Press) Read this honest review of Dr. Pullman's eBook and reveal how effective is this diabetes treatment. Additionally find out if this will be a risk investment or not? Here is the good ...

 Aug 28 2014 - Ronn LucasVentriloquism Fun Facts Weekly SpecialMENAFN Press
(MENAFN Press) Celebrity Dummies serves as the largest seller of ventriloquist dummies in the area of Tampa FL nowadays. The company is well known in the different parts of the country at the ...

 Aug 28 2014 - Micronized Chlorella 038 BiorayHelping Kids Reach Their Full Potential!MENAFN Press
(MENAFN Press) Environmental hazards may operate to harm a developmentally dynamic child by mechanisms that do not operate in the adult.— World Health OrganizationPound for pound kids absorb more ...

 Aug 28 2014 - Harnessing Social Learning ExperienceNew Technology Launches TodayMENAFN Press
(MENAFN Press) The new social learning platform — altoconnect — from the learning technology provider Commelius Solutions has launched today.London UK (August 27 2014) — The new social ...

 Aug 28 2014 - HVAC-Connect.com Launches Affiliate ProgramBeneficial Opportunity For HVAC Refrigeration 038 Plumbing Industry In The United States and CanadaMENAFN Press
(MENAFN Press) HVAC Connect is the most complete and advanced HVAC Plumbing and Refrigeration business directory and is fully integrated with Social Medias.MONTREAL CANADA August 28 2014. HVAC ...

 Aug 28 2014 - Thomas Wyroba Iconic Artist and Arts Educator Passes AwayMENAFN Press
(MENAFN Press) Tom Wyroba Iconic Artist and Arts Educator— Dedicated His Life To Mentoring a New Generation of Art Students —(Miami) August 28th 2014 - Born into an iconic family of artists and ...

more...


 






Google

Live Currency Rates

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help