26 Jun '11, 8am

Iran says will oppose rise in OPEC production ceiling

Tehran (Reuters) - Iran will reject increase of OPEC production ceiling in the cartel's next meeting, the country's Oil Ministry caretaker Mohammad Aliabadi told the semi-official Mehr news agency on Sunday. "Considering the demand and supply situation in the oil market, Iran will reject any increase in the OPEC output ceiling in the next meeting ... OPEC has no intention to increase prices of crude," Aliabadi said. The Organization of the Petroleum Exporting Countries (OPEC) meets on Sept. 9 to review its oil supply policy. Iran heads the rotating OPEC presidency. The group has already pledged to curb output by 4.2 million barrels per day (bpd), around 5 percent of global supply, since September last year to match the sharpest fall in demand since 1981. Fundamentals of supply and demand are still weak and most analysts agree the oil market rally to a high for this year of...

Full article: http://sg.news.yahoo.com/iran-says-oppose-rise-opec-produ...

Tweets

OPEC oil output to rise in June

OPEC oil output to rise in June

asiaone.com 30 Jun '11, 5pm

LONDON - OPEC oil output is expected to rise in June mainly due to extra oil from Saudi Arabia, Kuwait and the United Arab...

Sergio Garcia says destiny will determine whether he will play at the British Open next month #pga #golf

Sergio Garcia says destiny will determine wheth...

pga.com 25 Jun '11, 10pm

MUNICH, Germany -- Sergio Garcia says destiny will determine whether he will play at the British Open next month after edg...

US Debt Ceiling, Greek Debt Crisis | Care2 Causes #crisis

US Debt Ceiling, Greek Debt Crisis | Care2 Caus...

care2.com 25 Jun '11, 5am

$14.3 trillion: That’s the amount of the US debt ceiling. Negotiations about the debt ceiling are, hopefully, in their fin...

Hong Kong tailors tighten belts as wool costs rise

Hong Kong tailors tighten belts as wool costs rise

channelnewsasia.com 26 Jun '11, 8am

HONG KONG : Just as customers had begun returning to Vijay Sadhwani's Hong Kong tailor shop after the spasms of the world ...