Kuwait to Back Quota Hike if Price High
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Major Gulf producer Kuwait will back a hike of 1 million barrels per day in OPEC&#39;s output ceiling if oil prices stay at record levels, a move that
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New Delhi, October 15 :The Government on Friday decided not to increase petrol and diesel prices this fortnight. &quot;The Cabinet Committee on Economic Affairs has decided that prices of all petroleum products will be held at the same level.
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VIENNA, Austria - OPEC will increase its oil production target by 1 million barrels a day later this year in a move widely viewed as more symbolic than significant, given that the cartel has been exceeding the new output limit since the beginning of the year.    Kuwaiti Oil Minister Sheik Ahmad Fahad al-Ahmad al-Sabah said Wednesday the cartel agreed to the decision to raise output by nearly 4 percent, adding it would take effect Nov...
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Major Gulf oil producer Kuwait will  back a hike of 1 million barrels per day in OPEC's output  ceiling if crude prices remain at record levels, a move that  would bring the cartel's formal production limits in line with  actual supplies.
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Business & money: Opec under pressure to increase production after warning that prices could peak by end of year.
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LONDON, August 28 (IranMania) - Iran&#39;s OPEC governor said Friday that the high oil prices will continue to go up if the situation in Iraq deteriorates, stressing that the Iraqi crisis has coincided with an upsurge in the global demand for crude.
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Major Gulf producer Kuwait will back a hike of 1 million barrels per day in OPEC's output ceiling if oil prices stay at record levels, a move that would bring formal production limits in line with actual supplies.
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WASHINGTON -- The US ambassador to Kuwait and other senior US officials put pressure on Halliburton to award a deal to a Kuwaiti company suspected of overcharging to bring fuel into Iraq, according to State Department documents released yesterday.
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Oil rose above $59 a barrel on Wednesday after Kuwait said it may join other OPEC countries in cutting output if prices continue their three-month slide.
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Two OPEC members are pledging to increase supply or boost reserves as oil prices spiral higher, according to media reports Sunday.
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NEW YORK, September 15 (New Ratings) - The core Gulf members of the Organization of Petroleum Exporting Countries (OPEC) have reportedly recommended that the cartel&#39;s official output quota be boosted by 4%, or one million barrels per day.
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Kuwait would back a hike of 1 million barrels per day (bpd) in Opec&#39;s oil output ceiling if crude prices remained at record levels, it said yesterday in a move
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OPEC will increase the cartel&#39;s oil production by 1 million barrels a day to meet the global demand for oil. Kuwaiti Oil Minister Sheik Ahmad Fahad al-Ahmad al-Sabah said the cartel
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Oil producing cartel Opec is to cut back on over-production in an attempt to halt the recent slide in prices, Kuwait's oil minister says.
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VIENNA : Nigeria opposes an increase in OPEC&#39;s production quota but wants the 11-member cartel to lift an official price band to be more in line with market reality, the country&#39;s top oil official said.
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NEW DELHI: A key communist ally of Indiaâs Congress party-led coalition urged the government on Friday not to raise retail prices of petroleum products if possible despite soaring global oil prices.
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Nigeria opposes an increase in OPEC's production quota but wants the 11-member cartel to lift an official price band to be more in line with market reality, the country's top oil official said.