Silicon Image lowers 3rd-quarter revenue outlookSeptember 30th, 2009 Silicon Image lowers 3Q revenue outlookSUNNYVALE, Calif. — Silicon Image Inc.
S&P lowers outlook for Koppers Holdings on weak second-quarter resultsAugust 18th, 2009 S&P lowers outlook for Koppers HoldingsNEW YORK — Standard & Poor's Ratings Services said Tuesday it cut its outlook on Koppers Holdings Inc. to "Stable" from "Positive" on weak second-quarter earnings.
OPEC forecast for oil demand predicts lasting crimp due to world recessionJuly 8th, 2009 OPEC: Recession leaves lasting crimp in oil demandVIENNA — Demand for OPEC crude has fallen so sharply because of the world recession that it will take another four years to recover to 2008 levels, the 12-nation oil producers' organization predicted Wednesday. The forecast was one of several profiled by the Organization of the Petroleum Exporting Countries in its oil supply and demand outlook to 2030 reflecting the deep crimp in the world's appetite for oil because of falling international industrial production and related developments that have lessened crude use.
Venezuela to urge OPEC for more output cutsMarch 12th, 2009 CARACAS - Venezuela will urge for more production cuts at the upcoming meeting of the Organisation of the Petroleum Exporting Countries (OPEC) March 15 in Vienna, an official said Wednesday. Angel Rodriguez, the chairman of the National Assembly's Energy and Mines Committee, said OPEC's supply-cut strategy has already produced some results but the oil price is still too low.
OPEC cut 65 percent of production so farFebruary 12th, 2009 VIENNA - Members of the Organisation of Petroleum Exporting Countries (OPEC) have implemented nearly two-thirds of the production cuts of 4.2 million barrels per day (b/d) they agreed to last September, an OPEC report said Friday. In its monthly market report, the Vienna-based cartel also further reduced its global demand estimates for 2009.
Crude oil prices slide below $40February 9th, 2009 NEW YORK - Crude oil prices fell below $40 a barrel Monday on weak energy demand outlook. Earlier in the day, the oil prices were boosted by comments from the Organisation of the Petroleum Exporting Countries (OPEC) that it would cut oil output further to counter the slumping demand.
OPEC oil price gains $0.60February 2nd, 2009 VIENNA - The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) increased by another $0.60 Monday, the cartel announced Tuesday. Rising for the fourth day in a row, one barrel (159 litres) of OPEC-produced crude ended the day at $42.64 Monday.
OPEC oil price inches above $42February 1st, 2009 VIENNA - The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) rose to $42.04 Friday, the Vienna-based cartel announced Monday. One barrel (159 litres) of OPEC-produced crude inched up by $0.83 at the end of last week.
OPEC ready for more output cuts to boost oil pricesJanuary 30th, 2009 VIENNA - The Organisation of the Petroleum Exporting Countries (OPEC) would further reduce output if oil prices remain low, a top official of the Vienna-based cartel has said. OPEC Secretary General Abdullah al-Badri made the remarks at the annual meeting of the World Economic Forum in Davos Friday, IRNA reported.
OPEC oil price climbs above 42 dollarsJanuary 26th, 2009 VIENNA - The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) climbed to $42.53 Monday, OPEC announced Tuesday. One barrel (159 litres) of OPEC-produced crude gained $1.62, from $40.91 at the end of last week.
OPEC oil price stays in $40 rangeJanuary 22nd, 2009 VIENNA - The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) inched up by $0.77 Thursday but stayed in the $40 range, as analysts said Friday that output cuts were leading to a more balanced market. One barrel (159 litres) of OPEC-produced crude stood at $40.31 Thursday, the Vienna-based cartel announced Friday.
OPEC oil price stays above $40January 15th, 2009 VIENNA - Falling by $0.46 Thursday, the basket price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) continued to soar above $40, the oil-cartel announced Friday. One barrel (159 litres) of OPEC-produced crude stood at $40.85 Thursday.
OPEC likely to cut down on productionJanuary 15th, 2009 LUANDA - The Organisation of the Petroleum Exporting Countries (OPEC) Friday said that it may consider more production cuts to stabilise the global oil prices. 'OPEC will not hesitate to summon a meeting to reduce oil production to stabilise the price in global market, if necessary,' the state-run ANGOP news agency quoted Botelho de Vasconcelos, chairman of the OPEC, as saying.
OPEC oil price rises above $46 to a barrelJanuary 6th, 2009 VIENNA - The price for oil produced by the Organisation of the Petroleum Exporting Countries (OPEC) continued to rise Tuesday, climbing to $46.27, the Vienna-based cartel announced Wednesday. One barrel (159 litres) of OPEC-produced oil rose by $2.41 from Monday.
OPEC oil price inches below $37December 22nd, 2008 VIENNA - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) slid to $36.92 Monday, just above this year's record low price, which was set earlier this month, the oil cartel announced Tuesday. One barrel (159 litres) of OPEC-produced crude oil was down $0.80 Monday, from $37.72 at the end of last week, it said.
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