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Topic: Abdalla Salem el-Badri

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OPEC to maintain production target, oil prices fall

World News // 9 years ago

OPEC to maintain production target, oil prices fall

OPEC announced it will not cut oil production in the next six months despite falling prices amid global gut, and the price for Brent crude fell to a 4-year low.

Business News // 1 decade ago

Crude oil less than $100 per barrel for first time since July

Crude oil prices dropped to less than $100 per barrel Monday in New York for the first time since July.

Energy News // 1 decade ago

Iran wants top job at OPEC

Iran may seek OPEC's top secretary-general position after Riyadh backed away from the position, Iranian Oil Minister Rostam Qassemi said.

Business News // 1 decade ago

Crude oil holds above $86

Crude oil prices shifted slightly higher in New York Tuesday, reaching $86 per barrel after a sharp fall Monday.

Business News // 1 decade ago

OPEC leaves production unchanged

The world's largest oil cartel, in a meeting in Vienna, said it could not agree on a production increase, which sent oil prices in New York higher Wednesday.

Business News // 1 decade ago

Crude oil prices rise slightly

Crude oil prices rose slightly on the New York Mercantile Exchange as an OPEC official said more production cuts were possible.

Business News // 1 decade ago

OPEC calls production cuts possible

OPEC Secretary General Abdalla Salem El-Badri told world leaders in Switzerland that oil priced at $50 a barrel would not fund new oil field development.

Energy News // 1 decade ago

OPEC, Kremlin hold talks on markets

Kremlin and OPEC officials met in Moscow to hold talks on the status of the world oil market as Russia moves ahead with an energy troika.

Energy News // 1 decade ago

Analysis: The OPEC view on high prices

When the price of oil shoots up, the world's consumers put the bulls-eye on the producers' cartel. OPEC Secretary General Abdalla Salem El-Badri told United Press International the target should be a swath of factors holding the price above $90 per barrel, but not OPEC's supply of oil.

Energy News // 1 decade ago

OPEC: No plans to move from dollar

OPEC is not looking to move away from the weakening U.S. dollar as the main currency of the oil trade, its secretary-general said in Riyadh, Saudi Arabia.

Quotes

We have seen a lot of stimulus packages, but we haven't seen any positive effect of that policy on crude prices
UPI Energy Watch Mar 11, 2009

Oil prices need to be at levels to help sustain economic growth by supporting longer-term energy-industry investments across the board
OPEC: Low crude detriment to investments Mar 06, 2009

All in all, we will not know the full effect of the latest 2.2 million barrel a day reduction and the degree to which member countries have adhered to it, until Feb. 15
UPI Energy Watch Jan 15, 2009

There is no shortage of supply, as I said before
UPI Energy Watch Jun 24, 2008

We have not received any official request from Brazil to join OPEC
OPEC and Brazil not in discussions Nov 15, 2007