Wednesday, March 17, 2010

OPEC Oil Output Cuts This Fall unlikely says Khelil Algerian Energy Minister

March 17 (Bloomberg) -- Algerian Energy Minister Chakib Khelil talks with Bloomberg's Francine Lacqua about OPEC's decision today to leave production limits unchanged for the fifth time since 2008. Ministers from the Organization of Petroleum Exporting Countries met today in Vienna. OPEC, which supplies about 40 percent of the world's oil, set its official cap at 24.845 million barrels a day. (Source: Bloomberg)

Weaker Economy May Not Support $80 Oil Says Sieminski

March 18 (Bloomberg) -- Adam Sieminski, chief energy economist at Deutsche Bank AG in Washington, talks with Bloomberg's Susan Li and Paul Gordon about the outlook for oil prices, and Organization of Petroleum Exporting Countries' production. OPEC, content with oil prices exceeding $80 a barrel, decided for the fifth time since 2008 to keep its production limits unchanged amid signs that a worldwide glut of crude is disappearing along with the recession. (Source: Bloomberg)

U.S. Stocks Advance, Sending Dow to Highest in 17 Months

March 17 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. Stocks gained, sending the Dow Jones Industrial Average to the highest level since October 2008, on evidence the economic recovery isnt stoking inflation. (Source: Bloomberg)

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