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
 Sep 2 2014 - Emirates has no interest in Qantas sharesMENAFN
(MENAFN) Emirates Airlines said they are not interested in investing in the international operations of Qantas, The Peninsula Qatar reported. In the most drastic restructuring step since Qantas was ...

 Sep 2 2014 - Qatar prepare to take on MoroccoThe Peninsula
(MENAFN - The Peninsula) Players of the Qatar national football team in action during a training session in Casablanca, Morocco, yesterday. Qatar take on Morocco in a friendly on Wednesday and play ...

 Sep 2 2014 - Qatar- Rally of LebanonThe Peninsula
(MENAFN - The Peninsula) Qatar's Abdulaziz Al Kuwari (extreme right) raises trophy during the presentation of the 37th Rally of Lebanon in Beirut. Al Kuwari finished third in the race won by local ...

 Sep 2 2014 - Qatar- QFA fines Al Arabi coach QR30,000The Peninsula
(MENAFN - The Peninsula) Qatar Football Association's Disciplinary Committee handed a warning and a QR30,000 fine to Al Arabi head coach Dan Petrescu for his behaviour during his side's game against ...

 Sep 2 2014 - US, UK deplore Israel's West Bank land grabThe Peninsula
(MENAFN - The Peninsula) The UK and US governments have condemned in unusually strong language Israel's decision to greenlight one of the largest appropriations of Palestinian land for settlement in ...

 Sep 2 2014 - Celebrations in IraqThe Peninsula
(MENAFN - The Peninsula) Iraqi Shia militia fighters fire their weapons as they celebrate breaking a long siege of Amerli by Islamic State militants, yesterday. ...

 Sep 2 2014 - Qatar- Second batch begins National ServiceThe Peninsula
(MENAFN - The Peninsula) The second batch of Qataris who have enrolled for the mandatory National Service seen at the Al Shamal training camp on Sunday. The military service is for four months and ...

 Sep 2 2014 - Qatar- ATMs for people with special needs soonThe Peninsula
(MENAFN - The Peninsula) Banks have been asked by the regulator to install automated teller machines (ATMs) at select locations across the country for people with special needs.The directive to the ...

 Sep 2 2014 - Qatar- Sharp drop in medicine pricesThe Peninsula
(MENAFN - The Peninsula) A major drop in the prices of more than 280 medicines including several most sought-after items like aspirin and panadol is expected to come into force in Qatar from ...

 Sep 2 2014 - Qatar Exchange starts week on strong noteThe Peninsula
(MENAFN - The Peninsula) Qatar shares rose yesterday recovering some of the lost ground in the previous session on buying interests of local retail investors. The bourse, which dropped 3.09 percent ...

more...


 






Google

 
 

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