在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>World
         
 

OPEC: No change in oil output limits
(Agencies)
Updated: 2005-01-30 08:49

OPEC oil producers on Saturday recommended no change in cartel output quotas but said they were ready to intervene should prices look like tumbling after the northern winter.


OPEC's market monitoring committee called for the 11-nation cartel to hold to its current production levels for crude but still cut overpoduction of some half a million barrels a day, Kuwaiti Oil Minister Ahmad Fahad al-Sabah said. [AFP]

A committee of Iran, Kuwait and Nigeria, meeting before the Organization of the Petroleum Exporting Countries' Sunday conference, advised that production quotas be left unaltered.

Backing for no change came from four Gulf Arab nations, including top producer Saudi Arabia, which met late on Saturday evening, an OPEC delegate said.

"We believe that we will continue with our ceiling but at the same time we will comply with our decision in Cairo," said OPEC President Sheikh Ahmad al-Fahd al-Sabah, oil minister for Kuwait.

OPEC decided in Cairo in December to eliminate one million bpd of above-quota supply leakage, a deal that helped to push oil prices close to $50 a barrel again this month.

"I think consensus is that we are not going to decrease," said Algerian Oil Minister Chakib Khelil.

Talk in the Organization of the Petroleum Exporting Countries about the possibility of pre-arranged supply curbs to a prevent price fall after the northern winter did not make headway.

U.S. oil futures lost $1.66 a barrel on Friday, closing at $47.15, but prices remain too high for ministers to justify setting hard contingency plans in case supply cuts are needed before they next meet in mid-March in Iran.

Instead, said Sheikh Ahmad, they would keep a close eye on inventory builds in the weeks ahead, leaving open the option for a teleconference decision on output if required.

Key to any early intervention before the March 16 meeting in Isfahan would be a build in inventories to 56-60 days of forward cover, said Sheikh Ahmad.

He said 56 days of cover would be enough to raise the alarm, 60 days sufficient to require an output cut.

The concerns that dominated OPEC meetings during most of last year about the detrimental impact on world economic growth of prices at $50 a barrel have evaporated.

Saudi Arabian Oil Minister Ali al-Naimi told reporters he believed the global economy was robust enough not to be blown off course by the price of oil.

Asked whether he thought $50 could be a barrier to growth, Naimi said: "Really it's not, the world economy has grown so big that little fluctuations in oil are not doing so much."

Still an open question is the price OPEC will target to defend as a floor for prices.

Kuwait's Sheikh Ahmad said he thought $35 a barrel for OPEC's reference index of crudes, equivalent to at least $40 for U.S. crude was appropriate.



 
  Today's Top News     Top World News
 

First direct flights in 56 years link mainland, Taiwan

 

   
 

Beijing considers talking with Chen Shui-bian

 

   
 

Guangdong becomes most populous province

 

   
 

Iraq to vote shadowed by threat of bloodbath

 

   
 

Urban jobless rate down first time in 10 years

 

   
 

Psychology service for the rich

 

   
  Two killed at US embassy on eve of vote
   
  Iraq to vote shadowed by threat of bloodbath
   
  Insurgents bomb polling places in Iraq
   
  New 'Manhattan project' to fight bioterror
   
  US senator, Iran minister clash over nukes
   
  Democrats bash Bush social security plan
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Oil prices head toward record $49.40
   
OPEC boosts production target by 1 million barrels a day
   
Survey indicates oil price may fall
   
Oil price nears US$49 as Iraq violence flares
   
G7 to call on OPEC to pump more oil
   
OPEC to maintain its oil output
   
OPEC plans production cut to force up oil prices
  News Talk  
  Are the Republicans exploiting the memory of 9/11?  
Advertisement
         
主站蜘蛛池模板: 国产成人一区二区三区 | 中文字幕2021 | 亚洲国产91| 欧美一级淫片免费视频魅影视频 | 欧美精品一区在线 | 黄色av大片 | 日本不卡中文字幕 | 成人看片免费 | 日韩中文字幕在线观看 | 国产精品久久久一区二区 | 黄色欧美大片 | 日本www视频 | 欧美一级欧美三级 | 亚洲一级片在线观看 | 欧美亚洲一区二区三区 | 黄色国产 | 午夜视频免费观看 | 欧美日韩亚洲一区二区三区 | 国产专区在线播放 | 国产性猛交 | 日韩av在线不卡 | 一区二区精品视频 | 日韩视频在线免费观看 | 91丨九色丨国产在线 | 欧美一区二区三区视频 | 放几个免费的毛片出来看 | 久久视频免费在线观看 | 首尔之春在线看 | 国产精品久久久久久久久久久久久久 | 欧美理论片在线观看 | 成人午夜毛片 | 福利片在线观看 | 破处视频在线观看 | 欧美黄色片在线观看 | 一级特黄妇女高潮 | 欧美不卡在线 | 亚洲一区二区三区中文字幕 | 中文在线观看视频 | 丁香婷婷在线 | 亚洲精品日韩精品 | 欧美性猛交xxxx黑人交 |