Quotes: 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.


 


Khaleej Times




  MENA News Headlines
 Dec 10 2016 - Stress And Pain Reliever Hot Oil Massage In ManamaMENAFN Press
(MENAFN Press) MANAMA, BAHRAIN (December 09, 2016) - Our everyday life is full of stress and pressure, and people do not have the power to remove all the stress forever. People get a sandwich ...

 Dec 10 2016 - Saudi Oger debt plan hit by other creditor court movesMENAFN
(MENAFN) Sources said Saudi Oger's attempt to restructure around 13 billion riyals (USD3.5 billion) in debts have been dealt another blow after a second major creditor obtained a court order ...

 Dec 10 2016 - Qatar�s Dukhan project to be completed 95%MENAFN
(MENAFN) The Public Works Authority (Ashghal) announced completion of 95% of the project, the Dukhan Highway Central project will partly open to traffic from tomorrow, providing one-way exit to the ...

 Dec 10 2016 - Jordan to launch anti-corruption strategy for 2017-2025MENAFN
(MENAFN) According to the Jordan News Agency, Petra, Jordanian Prime Minister launched the "National Strategy for Integrity and Anti-Corruption 2017-2025", in pursuit of a national environment where ...

 Dec 10 2016 - Death of five in car crash: Court sentences three year jail and fineGulf Times
(MENAFN - Gulf Times) A Doha Criminal Court has sentenced a young man to three years in jail and imposed a fine of QR18,000 on him for reckless driving without a valid driving license, causing the ...

 Dec 10 2016 - Boating, water sports enthusiasts flock to QIBSGulf Times
(MENAFN - Gulf Times) The 2016 Qatar International Boat Show (QIBS'16), which concludes on Saturday, has been attracting both boating and water sports enthusiasts with a range of luxury boats, yachts ...

 Dec 10 2016 - Enter the winter: Room heaters, warm clothing sales pick upGulf Times
(MENAFN - Gulf Times) The demand for winter clothes and room heaters has started picking up in stores and hypermarkets as Qatar's residents start to feel the chill, especially at night, it is learnt. ...

 Dec 10 2016 - Qatar- HBKU to host information sessions for graduate studentsGulf Times
(MENAFN - Gulf Times) Hamad Bin Khalifa University (HBKU) will host a series of information sessions across its colleges from tomorrow until December 14. The graduate information sessions will ...

 Dec 10 2016 - Qatar- Strong winds, low visibility on SaturdayGulf Times
(MENAFN - Gulf Times) Strong winds are expected in most parts of the country on Saturday along with low visibility in some places and a cold night, the Qatar Met department has said. The weather ...

 Dec 10 2016 - Al-Muraikhi made UN humanitarian envoyGulf Times
(MENAFN - Gulf Times) Al-Muraikhi made UN humanitarian envoy QNA/New York UN Secretary General Ban Ki-moon on Thursday announced the appointment of Dr Ahmed bin Mohammed al-Muraikhi of Qatar as his ...

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

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help