Read more OPEC stories on Newserhttp://www.newser.com/taggrid/2253/opec.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 11:36:58 CSThttp://www.newser.com/story/50316/talk-of-oil-supply-cut-sends-prices-higher.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOil approached $41 a barrel today after OPEC said it would cut its output if necessary to stabilize prices, Reuters reports. “I think we still need more action,” OPEC’s secretary-general said, promising the cuts would be more thorough than many expected, with 80% compliance among the 12-member group.http://www.newser.com/story/50316/talk-of-oil-supply-cut-sends-prices-higher.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 09 Feb 2009 9:22:00 CSThttp://www.newser.com/story/46527/oil-tops-40-on-gaza-turmoil.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe price of oil jumped to $40 a barrel this morning, a gain of 8% over the previous session, as violence between Israel and Hamas threatened to destabilize crude supplies from the Middle East. Oil has been rising slightly after falling by more than $100 a barrel since July. The...http://www.newser.com/story/46527/oil-tops-40-on-gaza-turmoil.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 29 Dec 2008 6:01:28 CSThttp://www.newser.com/story/46323/oil-prices-reverse-monthlong-decline.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOil prices rose today—after dropping more than 30% this month alone—as the United Arab Emirates joined Saudi Arabia in curbing crude supplies, reports Reuters. Crude oil rose as much as $1.55 a barrel, or 4.4%, to $36.90 in New York this morning. The UAE cut...http://www.newser.com/story/46323/oil-prices-reverse-monthlong-decline.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 26 Dec 2008 7:44:05 CSThttp://www.newser.com/story/45601/opec-slashes-a-record-22m-barrels.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOPEC has approved a cut in output of 2.2 million barrels of crude a day, the largest reduction ever, MSNBC reports. The consortium believes that stabilizing prices now by decreasing supply will guard against a price spike when consumer confidence increases. OPEC’s monthly report predicts that demand will have...http://www.newser.com/story/45601/opec-slashes-a-record-22m-barrels.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 17 Dec 2008 10:54:17 CSThttp://www.newser.com/story/45537/opec-prepares-to-slash-output.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOPEC ministers are expected to back the biggest reduction in oil production in the history of the cartel when they meet today, Reuters reports. The exporters widely support a cut of 2 million barrels a day. Oil prices neared $43 per barrel yesterday, down over $100 from July. Officals from...http://www.newser.com/story/45537/opec-prepares-to-slash-output.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 17 Dec 2008 1:46:44 CSThttp://www.newser.com/story/44874/global-demand-for-oil-expected-to-plummet.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe price of oil continued its descent today, settling at $42.07 a barrel amid new signs of collapsing demand worldwide, the Financial Times reports. Global consumption will shrink by 50,000 barrels a day in 2008 and by a whopping 450,000 barrels a day in 2009, the Energy...http://www.newser.com/story/44874/global-demand-for-oil-expected-to-plummet.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 09 Dec 2008 18:03:34 CSThttp://www.newser.com/story/44447/oil-prices-plunge-to-5-year-low.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOil prices continue to plunge as demand slackens amid the global economic downturn. Oil has dropped 19% drop this week, the biggest weekly decline in five years, reports Bloomberg. Prices have tumbled 70% since reaching a record $147.27 in July, and some predict prices may dip as low as...http://www.newser.com/story/44447/oil-prices-plunge-to-5-year-low.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 05 Dec 2008 2:43:43 CSThttp://www.newser.com/story/43024/cheaper-oil-likely-to-stay-awhile.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOil prices are down, and they’re likely to stay that way for now, writes Ronald Bailey for Reason . Not only did the recent spike in gas prices drive down demand in the US; it also heightened the effect of domestic and local production. Government mandates, made in response to the...http://www.newser.com/story/43024/cheaper-oil-likely-to-stay-awhile.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 18 Nov 2008 16:02:02 CSThttp://www.newser.com/story/41973/oil-dips-below-60-a-barrel.html?utm_source=syn&utm_medium=rss&utm_campaign=tagOil prices dipped below $60 a barrel tonight for the first time in about a year and a half, as a growing number of economic reports point to a long and painful recession. Light, sweet crude for December delivery fell to $59.97 in New York trading, the lowest level...http://www.newser.com/story/41973/oil-dips-below-60-a-barrel.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 06 Nov 2008 20:26:41 CST