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OIL * OPEC - Sets 500,000-Barrel Oil Output Cut
to Start in February
Lagos,Nigeria -TTNews /Bloomberg (USA) -14 Dec 2006: -- OPEC oil ministers said Thursday they will cut production by a half-million barrels a day starting Feb. 1, a 1.9% reduction... The group’s ministers meeting in Nigeria added the 500,000 barrel production cut to a previous 1.2 million-barrel per day cut agreed to in October... Crude oil futures jumped more than $1 in overnight trading on the New York Mercantile Exchange, to $62.72 a barrel, following the news...
* USA - DOE Predicts Diesel to Average $2.66 a Gallon in ’07
Washington,DC,USA -(PR) -14 Dec 2006: -- Diesel prices will continue rising with little respite through May and will average $2.66 a gallon in 2007, which is 3 cents higher than its last forecast a month ago. The Department of Energy said in its monthly short-term energy outlook...
posted by Unknown @ 11:44 AM
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