September 2009
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News from September 2009

Saudi Arabia Naimi says oil price is satisfactory

Saudi Arabia Naimi says oil price is satisfactory thumbnail

The global crude oil market is in good shape with prices between $68 and $73 a barrel satisfactory for both consumers and producers, Saudi Arabian Oil Minister Ali al-Naimi told reporters in Vienna.
“The price is good for everybody, consumers, producers,” he said as he arrived in Vienna for tomorrow’s OPEC meeting, where the group is [...]


Oil price flat as demand wanes

Oil price flat as demand wanes thumbnail

Oil prices were little changed and remained flat, trading around $US68 a barrel as the US driving season wound down and the profit margin for turning crude into gasoline declined, further depressing demand.
“The driving season in the US has come to an end,” said Andy Lipow, president of Lipow Oil Associates LLC in Houston. The [...]









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