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

OPEC: Supplies 'comfortable'  Join our daily free Newsletter

MENAFN - Arab News - 05/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab News) Global oil supplies are comfortable, OPEC secretary general Abdullah Al-Badri said ahead of the oil exporting group's meeting in Vienna next week.

"The market is comfortable as I see it at this time," he told Reuters on sidelines of UN climate talks.

OPEC is expected to stick with an output target of 30 million barrels per day (bpd) agreed a year ago when it meets on Dec. 12.

High stockpiles, slowing demand growth and a fragile world economy which would usually give members reason to trim output are counterbalanced by tensions in the Middle East which have kept Brent crude above 100 a barrel for most of 2012. Brent crude oil fell below 110 a barrel yesterday as protracted US budget negotiations fanned concerns about the health of the global economy and the prospects for energy demand.

 






  MENA News Headlines


 
Live Currency Rates






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
Marketwatch News
UPI News
Comtex News

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